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Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Statements of Condition
Following are the condensed statements of condition, income and cash flows for the Company's parent company:

STATEMENTS OF CONDITION
 
December 31,
  
2018
 
2017
ASSETS
  

 
  

Cash
$
32,367

 
$
29,365

Investment in subsidiary
464,885

 
444,235

Receivable from subsidiary
48

 
107

Other assets
15,458

 
14,806

Total assets
$
512,758

 
$
488,513

LIABILITIES AND SHAREHOLDERS’ EQUITY
  

 
  

Subordinated debentures
$
59,067

 
$
58,911

Due to subsidiary
40

 
17

Other liabilities
17,826

 
26,172

Shareholders’ equity
435,825

 
403,413

Total liabilities and shareholders’ equity
$
512,758

 
$
488,513
Condensed Statements of Income
STATEMENTS OF INCOME
 
For The Year Ended
December 31,
  
2018
 
2017
 
2016
Operating Income
  

 
  

 
  

Dividend income from subsidiary
$
28,100

 
$
16,800

 
$
16,000

Other income
283

 
145

 
239

Total operating income
28,383

 
16,945

 
16,239

Operating Expenses
  

 
  

 
  

Interest on borrowings
3,415

 
3,408

 
3,415

Fees to Bank
160

 
160

 
160

Other operating expenses
569

 
592

 
748

Total operating expenses
4,144

 
4,160

 
4,323

Income before equity in undistributed income of subsidiaries and income taxes
24,239

 
12,785

 
11,916

Equity in undistributed income of subsidiaries
27,971

 
17,405

 
26,773

Income before income taxes
52,210

 
30,190

 
38,689

Income tax benefit (expense)
861

 
(1,714
)
 
1,378

Net Income
$
53,071

 
$
28,476

 
$
40,067
Condensed Statements of Cash Flows
STATEMENTS OF CASH FLOWS

 
For The Year Ended
December 31,
  
2018
 
2017
 
2016
Operating Activities
  

 
  

 
  

Net income
$
53,071

 
$
28,476

 
$
40,067

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Equity in undistributed income of subsidiaries
(27,971
)
 
(17,405
)
 
(26,655
)
Gain on sale of investment securities
—

 
(32
)
 
(4
)
(Increase) decrease in other assets
(1,772
)
 
(1,930
)
 
1,213

Increase (decrease) in due to subsidiaries
82

 
(20
)
 
640

Increase (decrease) in other liabilities
(4,763
)
 
3,721

 
(2,519
)
Net cash provided by operating activities
18,647

 
12,810

 
12,742

Investing Activities
  

 
  

 
  

Proceeds from sale of investments
214

 
110

 
84

Net cash provided by investing activities
214

 
110

 
84

Financing Activities
  

 
  

 
  

Net proceeds from issuance of common stock
1,338

 
863

 
2,891

Repurchase of common stock
(27
)
 
—

 
—

Cash dividends paid on common stock and cash in-lieu paid for fractional shares due to stock split
(17,170
)
 
(14,323
)
 
(12,393
)
Net cash used in financing activities
(15,859
)
 
(13,460
)
 
(9,502
)
Net increase (decrease) in cash
3,002

 
(540
)
 
3,324

Cash at beginning of year
29,365

 
29,905

 
26,581

Cash at end of year
$
32,367

 
$
29,365

 
$
29,905