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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Condensed Statements of Financial Condition |
Condensed Statements of Financial Condition |  | December 31, |
|  | 2020 |  |  | 2019 |
Assets: |  |  |  |  |  |  |  |
Cash and due from subsidiary |  | $ | 31,848 |  |  | $ | 7,172 |
Investment in and receivables due from subsidiary |  |  | 511,572 |  |  |  | 471,959 |
Other assets |  |  | 4,136 |  |  |  | 3,992 |
Total assets |  | $ | 547,556 |  |  | $ | 483,123 |
Liabilities and shareholders’ equity: |  |  |  |  |  |  |  |
Long-term borrowings, net of issuance costs of $1,377 and $727, respectively |  | $ | 73,623 |  |  | $ | 39,273 |  |
Other liabilities |  |  | 5,570 |  |  |  | 4,903 |
Shareholders’ equity |  |  | 468,363 |  |  |  | 438,947 |
Total liabilities and shareholders’ equity |  | $ | 547,556 |  |  | $ | 483,123 |
Condensed Statements of Income |
Condensed Statements of Income |  | Years ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Dividends from subsidiary and associated companies |  | $ | 23,000 |  |  | $ | 20,000 |  |  | $ | 20,000 |
Management and service fees from subsidiaries |  |  | 146 |  |  |  | 146 |  |  |  | 137 |
Other income |  |  | 121 |  |  |  | 97 |  |  |  | 137 |
Total income |  |  | 23,267 |  |  |  | 20,243 |  |  |  | 20,274 |
Interest expense |  |  | 2,888 |  |  |  | 2,471 |  |  |  | 2,471 |
Operating expenses |  |  | 3,171 |  |  |  | 3,073 |  |  |  | 4,156 |
Total expense |  |  | 6,059 |  |  |  | 5,544 |  |  |  | 6,627 |
Income before income tax benefit and equity in undistributed earnings of subsidiary |  |  | 17,208 |  |  |  | 14,699 |  |  |  | 13,647 |
Income tax benefit |  |  | 1,399 |  |  |  | 596 |  |  |  | 1,745 |
Income before equity in undistributed earnings of subsidiary |  |  | 18,607 |  |  |  | 15,295 |  |  |  | 15,392 |
Equity in undistributed earnings of subsidiary |  |  | 19,725 |  |  |  | 33,567 |  |  |  | 24,134 |
Net income |  | $ | 38,332 |  |  | $ | 48,862 |  |  | $ | 39,526 |
(23.) PARENT COMPANY FINANCIAL INFORMATION (Continued)
Condensed Statements of Cash Flows |
Condensed Statements of Cash Flows |  | Years ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 38,332 |  |  | $ | 48,862 |  |  | $ | 39,526 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  |  | (19,725 | ) |  |  | (33,567 | ) |  |  | (24,134 | )
Depreciation and amortization |  |  | 209 |  |  |  | 153 |  |  |  | 152 |
Share-based compensation |  |  | 1,333 |  |  |  | 1,406 |  |  |  | 1,301 |
(Increase) decrease in other assets |  |  | (48 | ) |  |  | 2,243 |  |  |  | (175 | )
Increase (Decrease) in other liabilities |  |  | 497 |  |  |  | (1,407 | ) |  |  | 1,548 |
Net cash provided by operating activities |  |  | 20,598 |  |  |  | 17,690 |  |  |  | 18,218 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Capital investment in subsidiaries |  |  | (11,966 | ) |  |  | (350 | ) |  |  | (803 | )
Purchase of premises and equipment |  |  | (11 | ) |  |  | 8 |  |  |  | (19 | )
Net cash paid for acquisition |  |  | - |  |  |  | - |  |  |  | (4,503 | )
Net cash used in investing activities |  |  | (11,977 | ) |  |  | (342 | ) |  |  | (5,325 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of long-term debt, net of issuance costs |  |  | 34,221 |  |  |  | - |  |  |  | - |
Purchase of preferred and common shares |  |  | (209 | ) |  |  | (293 | ) |  |  | (114 | )
Proceeds from stock options exercised |  |  | - |  |  |  | - |  |  |  | 320 |
Dividends paid |  |  | (17,957 | ) |  |  | (17,260 | ) |  |  | (16,409 | )
Net cash provided by (used in) financing activities |  |  | 16,055 |  |  |  | (17,553 | ) |  |  | (16,203 | )
Net increase (decrease) in cash and cash equivalents |  |  | 24,676 |  |  |  | (205 | ) |  |  | (3,310 | )
Cash and cash equivalents as of beginning of year |  |  | 7,172 |  |  |  | 7,377 |  |  |  | 10,687 |
Cash and cash equivalents as of end of the year |  | $ | 31,848 |  |  | $ | 7,172 |  |  | $ | 7,377 |

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