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Condensed Parent Information | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Parent Information | (Dollars in thousands)
CONDENSED BALANCE SHEETS |  |  |  |
December 31, 2019 and 2018 |  |  |  |
(Dollars in thousands) |  |  |  |
|  | 2019 |  | 2018
ASSETS: |  |  |  |
Cash |  | $ | 13,155 |  |  | $ | 13,684 |
Investment in subsidiaries |  | 337,503 |  |  | 308,422 |
Other assets |  | 1,996 |  |  | 99 |
Total assets |  | $ | 352,654 |  |  | $ | 322,205 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |  |
Other liabilities |  | $ | 646 |  |  | $ | 17 |
Other borrowings |  | 39,261 |  |  | 39,177 |
Total liabilities |  | 39,907 |  |  | 39,194 |
Stockholders’ equity |  | 312,747 |  |  | 283,011 |
Total liabilities and stockholders’ equity |  | $ | 352,654 |  |  | $ | 322,205 |
CONDENSED STATEMENTS OF INCOME |  |  |  |
Years ended December 31, 2019 and 2018 |  |  |  |
(Dollars in thousands) |  |  |  |
|  | 2019 |  | 2018
INCOME: |  |  |  |
Interest income |  | $ | — |  |  | $ | 21 |
Merger termination fee |  | 6,400 |  |  | — |
Total income |  | 6,400 |  |  | 21 |
EXPENSES: |  |  |  |
Interest expense |  | 2,341 |  |  | 1,005 |
Other operating expenses |  | 2,755 |  |  | 2,822 |
Total expense |  | 5,096 |  |  | 3,827 |
Income (loss) before equity in undistributed earnings of subsidiaries and income tax benefit |  | 1,304 |  |  | (3,806) |
Income tax expense |  | (389) |  |  |  | (833) |
Income before equity in undistributed net income of subsidiaries |  | 915 |  |  | (4,639) |
Equity in undistributed earnings of subsidiaries |  | 25,633 |  |  | 22,741 |
Net income |  | $ | 26,548 |  |  | $ | 18,102 |
STATEMENTS OF CASH FLOWS |  |  |  |
For the years ended December 31, 2019 and 2018 |  |  |  |
(Dollars in thousands) |  |  |  |
|  | 2019 |  | 2018
Cash flows from operating activities: |  |  |  |
Net income |  | $ | 26,548 |  |  | $ | 18,102 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: |  |  |  |
Equity in undistributed income of subsidiary |  | (25,633) |  |  | (22,741) |
Other assets |  | (1,894) |  |  | 568 |
Other liabilities |  | 712 |  |  |  | 1,063 |
Net cash used in operating activities |  | (267) |  |  | (3,008) |
Cash flows from investing activities: |  |  |  |
Net cash paid for business combinations |  | — |  |  |  | (5,930) |
Equity contribution to subsidiary |  | — |  |  |  | (12,000) |
Net cash used in investing activities |  | — |  |  |  | (17,930) |
Cash flows from financing activities: |  |  |  |
Repayment of note payable |  | — |  |  | (10,000) |
Issuance of subordination debt |  | — |  |  | 39,158 |
Proceeds from issuance of common stock |  | 438 |  |  | 1,528 |
Cash dividends paid |  | (700) |  |  | — |
Net cash (used) provided by financing activities |  | (262) |  |  | 30,686 |
Net change in cash and cash equivalents |  | (529) |  |  | 9,748 |
Cash and cash equivalents, beginning of year |  | 13,684 |  |  | 3,936 |
Cash and cash equivalents, end of period |  | $ | 13,155 |  |  | $ | 13,684 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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