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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Parent Company Financial Information |
Schedule of Condensed Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
(dollars in thousands) |  | 2024 |  | 2023
ASSETS | ​ | ​ | ​ | ​ | ​ | ​
Cash and Cash Equivalents | ​ | $ | 20,008 | ​ | $ | 27,733
Investment in Subsidiaries | ​ |  | 524,886 | ​ |  | 488,355
Premises and Equipment, Net | ​ |  | 785 | ​ |  | 3,760
Other Assets | ​ |  | 8,882 | ​ |  | 2,772
Total Assets | ​ | $ | 554,561 | ​ | $ | 522,620
LIABILITIES AND EQUITY | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES | ​ | ​ | ​ | ​ | ​ | ​
Notes Payable | ​ | $ | 13,750 | ​ | $ | 13,750
Subordinated Debentures, Net of Issuance Costs | ​ |  | 79,670 | ​ |  | 79,288
Accrued Interest Payable | ​ |  | 452 | ​ |  | 1,765
Other Liabilities | ​ |  | 2,754 | ​ |  | 2,302
Total Liabilities | ​ |  | 96,626 | ​ |  | 97,105
SHAREHOLDERS’ EQUITY | ​ | ​ | ​ | ​ | ​ | ​
Preferred Stock—$0.01 par value | ​ | ​ | ​ | ​ | ​ | ​
Preferred Stock—Authorized 10,000,000 | ​ | ​ | 66,514 | ​ | ​ | 66,514
Common Stock—$0.01 par value | ​ | ​ | ​ | ​ | ​ | ​
Voting Common Stock—Authorized 75,000,000 | ​ |  | 276 | ​ |  | 277
Additional Paid‑In Capital | ​ |  | 95,088 | ​ |  | 96,320
Retained Earnings | ​ |  | 309,421 | ​ |  | 280,650
Accumulated Other Comprehensive Income (Loss) | ​ |  | (13,364) | ​ |  | (18,246)
Total Shareholders’ Equity | ​ |  | 457,935 | ​ |  | 425,515
Total Liabilities and Shareholders' Equity | ​ | $ | 554,561 | ​ | $ | 522,620
Schedule of Condensed Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31, | ​ | December 31,
(dollars in thousands) |  | 2024 |  | 2023 | ​ | 2022
INCOME | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividend Income | ​ | $ | 10,000 | ​ | $ | — | ​ | $ | 1,585
Interest Income | ​ |  | 13 | ​ |  | 3 | ​ |  | —
Other Income | ​ |  | 115 | ​ |  | 118 | ​ |  | 129
Total Income | ​ |  | 10,128 | ​ |  | 121 | ​ |  | 1,714
EXPENSE | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest Expense | ​ |  | 5,144 | ​ |  | 5,126 | ​ |  | 4,890
Other Expenses | ​ |  | 1,805 | ​ |  | 1,757 | ​ |  | 1,570
Total Interest Expense | ​ |  | 6,949 | ​ |  | 6,883 | ​ |  | 6,460
INCOME (LOSS) BEFORE INCOME TAX BENEFIT AND EQUITY IN UNDISTRIBUTED EARNINGS | ​ |  | 3,179 | ​ |  | (6,762) | ​ |  | (4,746)
Income Tax Benefit | ​ |  | 1,902 | ​ |  | 1,894 | ​ |  | 1,792
INCOME (LOSS) BEFORE EQUITY IN UNDISTRIBUTED EARNINGS | ​ |  | 5,081 | ​ |  | (4,868) | ​ |  | (2,954)
Equity in Undistributed Earnings | ​ |  | 27,744 | ​ |  | 44,828 | ​ |  | 56,346
NET INCOME | ​ | $ | 32,825 | ​ | $ | 39,960 | ​ | $ | 53,392
Schedule of Condensed Statements of Cash Flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31, | ​ | December 31,
(dollars in thousands) |  | 2024 |  | 2023 | ​ | 2022
CASH FLOWS FROM OPERATING ACTIVITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | $ | 32,825 | ​ | $ | 39,960 | ​ | $ | 53,392
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in Undistributed Earnings of Subsidiaries | ​ |  | (27,744) | ​ |  | (44,828) | ​ |  | (56,346)
Changes in Other Assets and Liabilities | ​ |  | (3,614) | ​ |  | (738) | ​ |  | (193)
Net Cash Provided (Used) by Operating Activities | ​ |  | 1,467 | ​ |  | (5,606) | ​ |  | (3,147)
CASH FLOWS FROM INVESTING ACTIVITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment in Subsidiaries | ​ |  | — | ​ |  | — | ​ |  | (25,000)
Proceeds from Bridgewater Risk Management, Inc. Liquidation | ​ | ​ | — | ​ | ​ | 4,143 | ​ | ​ | —
Net Cash Provided (Used) by Investing Activities | ​ |  | — | ​ |  | 4,143 | ​ |  | (25,000)
CASH FLOWS FROM FINANCING ACTIVITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from Notes Payable | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 13,750
Redemption of Subordinated Debt | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (13,750)
Stock Options Exercised | ​ | ​ | 763 | ​ | ​ | 963 | ​ | ​ | 577
Stock Repurchases and Repurchases for Tax Withholding on Equity Awards | ​ | ​ | (5,901) | ​ | ​ | (5,127) | ​ | ​ | (11,513)
Preferred Stock Dividends Paid | ​ | ​ | (4,054) | ​ | ​ | (4,054) | ​ | ​ | (4,054)
Net Cash Provided (Used) by Financing Activities | ​ |  | (9,192) | ​ |  | (8,218) | ​ |  | (14,990)
NET CHANGE IN CASH AND CASH EQUIVALENTS | ​ |  | (7,725) | ​ |  | (9,681) | ​ |  | (43,137)
Cash and Cash Equivalents Beginning | ​ |  | 27,733 | ​ |  | 37,414 | ​ |  | 80,551
Cash and Cash Equivalents Ending | ​ | $ | 20,008 | ​ | $ | 27,733 | ​ | $ | 37,414
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