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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets December 31, 2019 and 2018
(dollars in thousands) |  | 2019 |  | 2018
Assets |  |  |  |
Cash in bank |  | $ | 6,400 |  |  | $ | 5,998 |
Investment in subsidiary |  | 305,340 |  |  | 294,557 |
Other assets |  | 4,613 |  |  | 3,495 |
Total assets |  | $ | 316,353 |  |  | $ | 304,050 |
Liabilities |  | $ | 24 |  |  | $ | 10 |
Shareholders’ equity |  | 316,329 |  |  | 304,040 |
Total liabilities and shareholders’ equity |  | $ | 316,353 |  |  | $ | 304,050 |
Condensed Statements of Operations | Condensed Statements of Income For the Years Ended December 31, 2019, 2018 and 2017
(dollars in thousands) |  | 2019 |  | 2018 |  | 2017
Operating income |  |  |  |  |  |
Interest income |  | $ | — |  |  | $ | — |  |  | $ | — |
Dividend from subsidiary |  | 21,000 |  |  | — |  |  | — |
Total operating income |  | 21,000 |  |  | — |  |  | — |
Operating expenses |  |  |  |  |  |
Other expenses |  | 192 |  |  | 219 |  |  | 217 |
Total operating expenses |  | 192 |  |  | 219 |  |  | 217 |
Income (loss) before income tax benefit and equity in undistributed earnings of subsidiary |  | 20,808 |  |  | (219) |  |  | (217) |
Income tax benefit |  | 40 |  |  | 44 |  |  | 87 |
Income (loss) before equity in undistributed earnings of subsidiary |  | 20,848 |  |  | (175) |  |  | (130) |
Undistributed earnings of subsidiary |  | 7,084 |  |  | 31,765 |  |  | 16,954 |
Net income |  | $ | 27,932 |  |  | $ | 31,590 |  |  | $ | 16,824 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows For the Years Ended December 31, 2019, 2018 and 2017
(dollars in thousands) |  | 2019 |  | 2018 |  | 2017
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 27,932 |  |  | $ | 31,590 |  |  | $ | 16,824 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Non-cash compensation |  | 1,613 |  |  | 1,799 |  |  | 1,619 |
Increase in accrued interest receivable and other assets |  | (1,118) |  |  | (1,173) |  |  | (877) |
Undistributed earnings in subsidiary |  | (7,084) |  |  | (31,765) |  |  | (16,954) |
Increase (decrease) in accrued expenses and other liabilities |  | 14 |  |  | (68) |  |  | (26) |
Net cash provided by operating activities |  | 21,357 |  |  | 383 |  |  | 586 |
Cash flows from financing activities |  |  |  |  |  |
Proceeds from exercise of stock options |  | 2,231 |  |  | 914 |  |  | 1,193 |
Payment of dividends on common stock |  | (7,898) |  |  | (6,706) |  |  | (4,070) |
Issuance of stock under incentive plan |  | 157 |  |  | 70 |  |  | (32) |
Purchase of Company’s common stock |  | (15,445) |  |  | (1,194) |  |  | (70) |
Net cash used in financing activities |  | (20,955) |  |  | (6,916) |  |  | (2,979) |
Net change in cash and cash equivalents |  | 402 |  |  | (6,533) |  |  | (2,393) |
Cash and cash equivalents at beginning of year |  | 5,998 |  |  | 12,531 |  |  | 14,924 |
Cash and cash equivalents at end of year |  | $ | 6,400 |  |  | $ | 5,998 |  |  | $ | 12,531 |

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