Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

	December 31,
Condensed Balance Sheets	2020			2019
Assets:
Cash	$	19,446		$	24,089
Equity securities		886			1,191
Investment in bank subsidiary		344,948			319,714
Investment in nonbank subsidiaries		16,017			15,181
Other assets		1,575			1,683
Total assets	$	382,872		$	361,858
Liabilities:
Deferred income taxes and other liabilities	$	3,337		$	2,305
Subordinated debentures		29,427			29,427
Total liabilities		32,764			31,732
Shareholders’ Equity:
Common stock		277,039			276,422
Accumulated earnings		93,048			67,974
Treasury Stock		( 34,598	)		( 21,144	)
Accumulated other comprehensive income		14,619			6,874
Total shareholders’ equity		350,108			330,126
Total liabilities and shareholders’ equity	$	382,872		$	361,858

	For the years ended December 31,
Condensed Statements of Operations	2020			2019			2018
Dividends from bank subsidiaries	$	15,300		$	13,300		$	10,000
Dividends from non-bank subsidiaries		440			—			—
Interest expense		( 945	)		( 1,423	)		( 1,320	)
Pension expense		( 25	)		176			199
Acquisition expense		—			—			( 10,738	)
Other expense, net		( 1,241	)		( 1,107	)		( 1,740	)
Income (loss) before equity in undistributed net earnings of subsidiaries		13,529			10,946			( 3,599	)
Income tax benefit		475			494			1,751
Equity in undistributed net earnings of subsidiaries		18,188			22,438			15,987
Net income	$	32,192		$	33,878		$	14,139
Comprehensive income	$	39,937		$	42,204		$	14,089

	For the years ended December 31,
Condensed Statements of Cash Flows	2020			2019			2018
Operating activities:
Net income	$	32,192		$	33,878		$	14,139
Adjustment to reconcile net income to net cash from operating activities:
Change in other assets and other liabilities		1,925			4,437			794
Gain on sale of fixed assets		—			—			( 110	)
Equity in undistributed net earnings of subsidiaries		( 18,188	)		( 22,438	)		( 15,987	)
Net cash from (used for) operating activities		15,929			15,877			( 1,164	)
Investing activities:
Proceeds from sale of premises and equipment		—			—			899
Disposal of investment in subsidiary		—			41			—
Acquisition and additional capitalization of subsidiary, net of cash acquired		—			—			( 5,216	)
Net cash from (used for) investing activities		—			41			( 4,317	)
Financing activities:
Cash paid on fractional shares on preferred stock conversion to common stock		—			( 2	)		—
Purchase of treasury stock		( 13,454	)		( 3,909	)		—
Payment to repurchase series B preferred stock		—			( 402	)		—
Cash dividends paid		( 7,118	)		( 7,194	)		( 4,749	)
Net cash used for financing activities		( 20,572	)		( 11,507	)		( 4,749	)
Net change in cash and cash equivalents		( 4,643	)		4,411			( 10,230	)
Cash and cash equivalents at beginning of year		24,089			19,678			29,908
Cash and cash equivalents at end of year	$	19,446		$	24,089		$	19,678