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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information 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,
(In thousands) |  | 2021 |  | 2020
ASSETS |  |  |  |
Cash |  | $ | 34,339 |  |  | $ | 35,359 |
Investment in subsidiary |  | 558,045 |  |  | 558,820 |
Receivable from subsidiary |  | — |  |  | 46 |
Other assets |  | 19,259 |  |  | 23,401 |
Total assets |  | $ | 611,643 |  |  | $ | 617,626 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |
Subordinated debentures |  | $ | 44,331 |  |  | $ | 59,331 |
Due to subsidiary |  | 156 |  |  | — |
Other liabilities |  | 25,862 |  |  | 28,981 |
Shareholders’ equity |  | 541,294 |  |  | 529,314 |
Total liabilities and shareholders’ equity |  | $ | 611,643 |  |  | $ | 617,626 |
Condensed Statements of Income | STATEMENTS OF INCOME
|  | For the Year Ended December 31,
(In thousands) |  | 2021 |  | 2020 |  | 2019
Operating Income |  |  |  |  |  |
Dividend income from subsidiary |  | $ | 41,700 |  |  | $ | 39,400 |  |  | $ | 36,900 |
Other income |  | 7 |  |  | 103 |  |  | 1,128 |
Total operating income |  | 41,707 |  |  | 39,503 |  |  | 38,028 |
Operating Expenses |  |  |  |  |  |
Interest on borrowings |  | 2,524 |  |  | 3,512 |  |  | 3,267 |
Fees to Bank |  | 160 |  |  | 160 |  |  | 160 |
Other operating expenses |  | 628 |  |  | 578 |  |  | 641 |
Total operating expenses |  | 3,312 |  |  | 4,250 |  |  | 4,068 |
Income before equity in undistributed income of subsidiaries and income taxes |  | 38,395 |  |  | 35,253 |  |  | 33,960 |
Equity in undistributed income of subsidiaries |  | 29,869 |  |  | 23,299 |  |  | 22,580 |
Income before income taxes |  | 68,264 |  |  | 58,552 |  |  | 56,540 |
Income tax benefit |  | 750 |  |  | 934 |  |  | 663 |
Net Income |  | $ | 69,014 |  |  | $ | 59,486 |  |  | $ | 57,203 |
Condensed Statements of Cash Flows | STATEMENTS OF CASH FLOWS
|  | For the Year Ended December 31,
(In thousands) |  | 2021 |  | 2020 |  | 2019
Operating Activities |  |  |  |  |  |
Net income |  | $ | 69,014 |  |  | $ | 59,486 |  |  | $ | 57,203 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in undistributed income of subsidiaries |  | (29,869) |  |  | (23,299) |  |  | (22,579) |
Decrease (increase) in other assets |  | 4,244 |  |  | (5,228) |  |  | (2,935) |
Increase (decrease) in due to subsidiaries |  | 202 |  |  | 71 |  |  | (109) |
(Decrease) increase in other liabilities |  | (558) |  |  | (83) |  |  | 4,298 |
Net cash provided by operating activities |  | 43,033 |  |  | 30,947 |  |  | 35,878 |
Investing Activities |  |  |  |  |  |
Proceeds from other investments |  | — |  |  | 1,712 |  |  | — |
Net cash provided by investing activities |  | — |  |  | 1,712 |  |  | — |
Financing Activities |  |  |  |  |  |
Net proceeds from issuance of common stock |  | 2,118 |  |  | 1,670 |  |  | 1,683 |
Common stock repurchases |  | (10,090) |  |  | (9,689) |  |  | (20,795) |
Repayment of subordinated debt |  | (15,000) |  |  | — |  |  | — |
Cash dividends paid on common stock |  | (21,081) |  |  | (19,842) |  |  | (18,572) |
Net cash used in financing activities |  | (44,053) |  |  | (27,861) |  |  | (37,684) |
Net (decrease) increase in cash, cash equivalents and restricted cash |  | (1,020) |  |  | 4,798 |  |  | (1,806) |
Cash, cash equivalents and restricted cash at beginning of year |  | 35,359 |  |  | 30,561 |  |  | 32,367 |
Cash, cash equivalents and restricted cash at end of year |  | $ | 34,339 |  |  | $ | 35,359 |  |  | $ | 30,561 |

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