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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Parent Company Only Condensed Financial Information | NOTE 20 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of CBI follows:
|  | December 31, |
Condensed Balance Sheets |  | 2019 |  |  | 2018 |
Assets: |  |  |  |  |  |  |  |
Cash |  | $ | 24,089 |  |  | $ | 19,678 |
Equity securities |  |  | 1,191 |  |  |  | 1,070 |
Investment in bank subsidiary |  |  | 319,714 |  |  |  | 288,866 |
Investment in nonbank subsidiaries |  |  | 15,181 |  |  |  | 14,081 |
Other assets |  |  | 1,683 |  |  |  | 7,639 |
Total assets |  | $ | 361,858 |  |  | $ | 331,334 |
Liabilities: |  |  |  |  |  |  |  |
Deferred income taxes and other liabilities |  | $ | 2,305 |  |  | $ | 3,009 |
Subordinated debentures |  |  | 29,427 |  |  |  | 29,427 |
Total liabilities |  |  | 31,732 |  |  |  | 32,436 |
Shareholders’ Equity: |  |  |  |  |  |  |  |
Preferred stock |  |  | — |  |  |  | 9,364 |
Common stock |  |  | 276,422 |  |  |  | 266,901 |
Accumulated earnings |  |  | 67,974 |  |  |  | 41,320 |
Treasury Stock |  |  | (21,144 | ) |  |  | (17,235 | )
Accumulated other comprehensive loss |  |  | 6,874 |  |  |  | (1,452 | )
Total shareholders’ equity |  |  | 330,126 |  |  |  | 298,898 |
Total liabilities and shareholders’ equity |  | $ | 361,858 |  |  | $ | 331,334 |
|  | For the years ended December 31, |
Condensed Statements of Operations |  | 2019 |  |  | 2018 |  |  | 2017 |
Dividends from bank subsidiaries |  | $ | 13,300 |  |  | $ | 10,000 |  |  | $ | — |
Interest expense |  |  | (1,423 | ) |  |  | (1,320 | ) |  |  | (1,035 | )
Pension expense |  |  | 176 |  |  |  | 199 |  |  |  | (925 | )
Acquisition expense |  |  | — |  |  |  | (10,738 | ) |  |  | — |
Other expense, net |  |  | (1,107 | ) |  |  | (1,740 | ) |  |  | (1,071 | )
Income (loss) before equity in undistributed net earnings of subsidiaries |  |  | 10,946 |  |  |  | (3,599 | ) |  |  | (3,031 | )
Income tax benefit |  |  | 494 |  |  |  | 1,751 |  |  |  | 1,407 |
Equity in undistributed net earnings of subsidiaries |  |  | 22,438 |  |  |  | 15,987 |  |  |  | 17,496 |
Net income |  | $ | 33,878 |  |  | $ | 14,139 |  |  | $ | 15,872 |
Comprehensive income |  | $ | 42,204 |  |  | $ | 14,089 |  |  | $ | 17,284 |
NOTE 20 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Continued)
|  | For the years ended December 31, |
Condensed Statements of Cash Flows |  | 2019 |  |  | 2018 |  |  | 2017 |
Operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 33,878 |  |  | $ | 14,139 |  |  | $ | 15,872 |
Adjustment to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Change in other assets and other liabilities |  |  | 4,437 |  |  |  | 794 |  |  |  | (2,147 | )
Gain on sale of fixed assets |  |  | — |  |  |  | (110 | ) |  |  | (66 | )
Equity in undistributed net earnings of subsidiaries |  |  | (22,438 | ) |  |  | (15,987 | ) |  |  | (17,496 | )
Net cash from (used for) operating activities |  |  | 15,877 |  |  |  | (1,164 | ) |  |  | (3,837 | )
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of premises and equipment |  |  | — |  |  | 899 |  |  |  | 138 |
Disposal of investment in subsidiary |  |  | 41 |  |  |  | — |  |  |  | — |
Acquisition and additional capitalization of subsidiary, net of cash acquired |  |  | — |  |  |  | (5,216 | ) |  |  | (275 | )
Net cash from (used for) investing activities |  |  | 41 |  |  |  | (4,317 | ) |  |  | (137 | )
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid on fractional shares on preferred stock conversion to common stock |  |  | (2 | ) |  |  | — |  |  |  | — |
Net proceeds from common stock issuance |  |  | — |  |  |  | — |  |  |  | 32,821 |
Purchase of treasury stock |  |  | (3,909 | ) |  |  | — |  |  |  | — |
Payment to repurchase series B preferred stock |  |  | (402 | ) |  |  | — |  |  |  | — |
Payment to repurchase common stock |  |  | — |  |  |  | — |  |  |  | (4 | )
Cash dividends paid |  |  | (7,194 | ) |  |  | (4,749 | ) |  |  | (3,682 | )
Net cash from (used for) financing activities |  |  | (11,507 | ) |  |  | (4,749 | ) |  |  | 29,135 |
Net change in cash and cash equivalents |  |  | 4,411 |  |  |  | (10,230 | ) |  |  | 25,161 |
Cash and cash equivalents at beginning of year |  |  | 19,678 |  |  |  | 29,908 |  |  |  | 4,747 |
Cash and cash equivalents at end of year |  | $ | 24,089 |  |  | $ | 19,678 |  |  | $ | 29,908 |

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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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