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CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(in thousands) |  | 2020 |  | 2019
Assets |  | ​ |  |  | ​ |
Cash | ​ | $ | 10,741 | ​ | $ | 29,223
Investment in subsidiaries | ​ |  | 464,645 | ​ |  | 427,536
Premises and equipment | ​ |  | 756 | ​ |  | 687
Other assets | ​ |  | 1,934 | ​ |  | 4,586
Total assets | ​ | $ | 478,076 | ​ | $ | 462,032
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Shareholders Equity | ​ |  |  | ​ |  |
Subordinated notes | ​ | $ | 59,961 | ​ | $ | 59,920
Accrued expenses | ​ |  | 6,774 | ​ |  | 5,705
Shareholders equity | ​ |  | 411,341 | ​ |  | 396,407
Total liabilities and shareholders equity | ​ | $ | 478,076 | ​ | $ | 462,032
Condensed Income Statement | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends from subsidiaries | ​ | $ | 8,024 | ​ | $ | 21,734 | ​ | $ | 23,705
Other income | ​ |  | 742 | ​ |  | 337 | ​ |  | 31
Total income | ​ |  | 8,766 | ​ |  | 22,071 | ​ |  | 23,736
Interest expense | ​ |  | 2,750 | ​ |  | 2,188 | ​ |  | 2,121
Non-interest expense | ​ |  | 4,465 | ​ |  | 3,208 | ​ |  | 3,147
Total expense | ​ |  | 7,215 | ​ |  | 5,396 | ​ |  | 5,268
Income before taxes and equity in undistributed income of subsidiaries | ​ |  | 1,552 | ​ |  | 16,675 | ​ |  | 18,468
Income tax benefit | ​ |  | (1,539) | ​ |  | (1,100) | ​ |  | (1,136)
Income before equity in undistributed income of subsidiaries | ​ |  | 3,091 | ​ |  | 17,775 | ​ |  | 19,604
Equity in undistributed income of subsidiaries | ​ |  | 30,153 | ​ |  | 4,845 | ​ |  | 13,333
Net income | ​ | $ | 33,244 | ​ | $ | 22,620 | ​ | $ | 32,937
Condensed Cash Flow Statement | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 33,244 | ​ | $ | 22,620 | ​ | $ | 32,937
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Equity in undistributed income of subsidiaries | ​ |  | (30,153) | ​ |  | (4,845) | ​ |  | (13,333)
Other, net | ​ |  | 3,840 | ​ |  | (1,040) | ​ |  | (1,457)
Net cash provided by operating activities | ​ |  | 6,931 | ​ |  | 16,735 | ​ |  | 18,147
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from investing activities: | ​ |  |  | ​ |  |  | ​ |  |
Acquisitions, net of cash paid | ​ |  | — | ​ |  | — | ​ |  | —
Purchase of securities | ​ |  | — | ​ |  | — | ​ |  | (7)
Capital contribution to subsidiary | ​ |  | — | ​ |  | (8,000) | ​ |  | —
Net cash used in investing activities | ​ |  | — | ​ |  | (8,000) | ​ |  | (7)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ |  |  | ​ |  |  | ​ |  |
Proceeds from issuance of subordinated debt | ​ |  | — | ​ |  | 40,000 | ​ |  | —
Repayment of subordinated debt | ​ |  | — | ​ |  | (17,000) | ​ |  | —
Net proceeds from common stock | ​ |  | 2,192 | ​ |  | 883 | ​ |  | 951
Net proceeds from reissuance of treasury stock | ​ |  | (14,188) | ​ |  | (22) | ​ |  | 686
Common stock cash dividends paid | ​ |  | (13,417) | ​ |  | (13,366) | ​ |  | (12,184)
Net cash (used in) provided by financing activities | ​ |  | (25,413) | ​ |  | 10,495 | ​ |  | (10,547)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net change in cash and cash equivalents | ​ |  | (18,482) | ​ |  | 19,230 | ​ |  | 7,593
Cash and cash equivalents at beginning of year | ​ |  | 29,223 | ​ |  | 9,993 | ​ |  | 2,400
Cash and cash equivalents at end of year | ​ | $ | 10,741 | ​ | $ | 29,223 | ​ | $ | 9,993

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