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Note 22 - Parent Company Financial Information (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Condensed Balance Sheet [Table Text Block]
  

CONDENSED BALANCE SHEETS

 
  

December 31,

 

(Amounts in thousands)

 

2024

  

2023

 

Assets

        

Cash and due from banks

 $3,952  $14,681 

Securities available for sale

  55,768   22,468 

Investment in subsidiaries

  460,789   460,731 

Other assets

  6,166   6,227 

Total assets

 $526,675  $504,107 
         

Liabilities

        

Other liabilities

 $283  $813 

Total liabilities

  283   813 
         

Stockholders' equity

        

Common stock

  18,322   18,502 

Additional paid-in capital

  169,752   175,841 

Retained earnings

  349,489   319,902 

Accumulated other comprehensive loss

  (11,171)  (10,951)

Total stockholders' equity

  526,392   503,294 

Total liabilities and stockholders' equity

 $526,675  $504,107 
Condensed Income Statement [Table Text Block]
  

CONDENSED STATEMENTS OF INCOME

 
  

Year Ended December 31,

 
  

2024

  

2023

  

2022

 

(Amounts in thousands)

            

Cash dividends received from subsidiary bank

 $50,800  $45,700  $56,250 

Other income

  2,432   1,397   222 

Other operating expense

  1,859   1,524   1,052 

Income before income taxes and equity in undistributed net income of subsidiaries

  51,373   45,573   55,420 

Income tax benefit

  50   (41)  (224)

Income before equity in undistributed net income of subsidiaries

  51,323   45,614   55,644 

Equity in (dividends in excess) of undistributed net income of subsidiaries

  281   2,406   (8,982)

Net income

 $51,604  $48,020  $46,662 
Condensed Cash Flow Statement [Table Text Block]
  

CONDENSED STATEMENTS OF CASH FLOWS

 
  

Year Ended December 31,

 

(Amounts in thousands)

 

2024

  

2023

  

2022

 

Operating activities

            

Net income

 $51,604  $48,020  $46,662 

Adjustments to reconcile net income to net cash provided by operating activities

            

Net change in other operating activities

  (1,818)  (3,275)  8,442 

Net cash provided by operating activities

  49,786   44,745   55,104 

Investing activities

            

Purchase of investment securities

  (109,979)  (69,469)  (19,372)

Proceeds from maturities, calls, sales of investment securities

  77,750   65,250   11,807 

Dividends in excess of undistributed net income of subsidiaries

         

Net cash (used) provided by investing activities

  (32,229)  (4,219)  (7,565)

Financing activities

            

Proceeds from issuance of common stock

  1,410   91   172 

Payments for repurchase of common stock

  (8,717)  (23,038)  (21,311)

Payments of common dividends

  (22,017)  (21,089)  (18,515)

Net change in other financing activities

  1,038   1,203   1,375 

Net cash (used) provided by financing activities

  (28,286)  (42,833)  (38,279)

Cash and cash equivalents increase (decrease)

  (10,729)  (2,307)  9,260 

Cash and cash equivalents at carrying value at beginning of period

  14,681   16,988   7,728 

Cash and cash equivalents at carrying value at end of period

 $3,952  $14,681  $16,988