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Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2023
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)20232022
ASSETS    
Cash$35,219 $40,076 
Investment in subsidiary 508,674 460,753 
Receivable from subsidiary— 47 
Other assets14,142 9,410 
Total assets$558,035 $510,286 
LIABILITIES AND SHAREHOLDERS’ EQUITY  
Junior subordinated debentures$44,331 $44,331 
Due to subsidiary— 16 
Other liabilities18,640 14,660 
Shareholders’ equity495,064 451,279 
Total liabilities and shareholders’ equity$558,035 $510,286 
Condensed Statements of Income
STATEMENTS OF INCOME
For the Year Ended
December 31,
(In thousands)202320222021
Operating Income      
Dividend income from subsidiary$22,500 $31,700 $41,700 
Other income — 19 7 
Total operating income22,500 31,719 41,707 
Operating Expenses  
Interest on borrowings2,150 2,140 2,524 
Fees to Bank180 180 160 
Other operating expenses915 794 628 
Total operating expenses3,245 3,114 3,312 
Income before equity in undistributed income of subsidiaries and income taxes
19,255 28,605 38,395 
Equity in undistributed income of subsidiaries23,389 32,129 29,869 
Income before income taxes
42,644 60,734 68,264 
Income tax benefit 739 705 750 
Net Income$43,383 $61,439 $69,014 
Condensed Statements of Cash Flows
STATEMENTS OF CASH FLOWS
For the Year Ended
December 31,
(In thousands)202320222021
Operating Activities      
Net income$43,383 $61,439 $69,014 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiaries(23,389)(32,129)(29,869)
(Increase) decrease in other assets
(4,884)9,219 4,244 
Increase (decrease) in due to subsidiaries
31 (187)202 
Increase (decrease) in other liabilities
4,005 (1,051)(558)
Net cash provided by operating activities19,146 37,291 43,033 
Financing Activities  
Net proceeds from issuance of common stock 2,533 2,198 2,118 
Common stock repurchases(2,000)(10,240)(10,090)
Repayment of subordinated debt— — (15,000)
Cash dividends paid on common stock
(24,536)(23,512)(21,081)
Net cash used in financing activities(24,003)(31,554)(44,053)
Net (decrease) increase in cash, cash equivalents and restricted cash
(4,857)5,737 (1,020)
Cash, cash equivalents and restricted cash at beginning of year40,076 34,339 35,359 
Cash, cash equivalents and restricted cash at end of year$35,219 $40,076 $34,339