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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information 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 |  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |
Cash |  | $ | 8,331 |  |  | $ | 21,812 |
Equity securities |  |  | 2,169 |  |  |  | 2,190 |
Investment in bank subsidiary |  |  | 450,791 |  |  |  | 414,263 |
Investment in nonbank subsidiaries |  |  | 3,917 |  |  |  | 3,236 |
Other assets |  |  | 12,354 |  |  |  | 3,332 |
Total assets |  | $ | 477,562 |  |  | $ | 444,833 |
Liabilities: |  |  |  |  |  |
Deferred income taxes and other liabilities |  | $ | 1,618 |  |  | $ | 6,199 |
Subordinated debentures |  |  | 103,943 |  |  |  | 103,799 |
Total liabilities |  |  | 105,561 |  |  |  | 109,998 |
Shareholders’ Equity: |  |  |  |  |  |
Common stock |  |  | 311,166 |  |  |  | 310,182 |
Accumulated earnings |  |  | 183,787 |  |  |  | 156,492 |
Treasury stock |  |  | (75,422 | ) |  |  | (73,794 | )
Accumulated other comprehensive loss |  |  | (47,530 | ) |  |  | (58,045 | )
Total shareholders’ equity |  |  | 372,001 |  |  |  | 334,835 |
Total liabilities and shareholders’ equity |  | $ | 477,562 |  |  | $ | 444,833 |
|  | For the years ended December 31, |
Condensed Statements of Operations |  | 2023 |  |  | 2022 |  |  | 2021 |
Dividends from bank subsidiaries |  | $ | 28,100 |  |  | $ | 26,300 |  |  | $ | 19,900 |
Dividends from non-bank subsidiaries |  |  | 1,390 |  |  |  | 1,150 |  |  |  | 1,000 |
Interest expense |  |  | (4,849 | ) |  |  | (3,781 | ) |  |  | (956 | )
Pension expense |  |  | 150 |  |  |  | 340 |  |  |  | (47 | )
Other expense, net |  |  | (1,518 | ) |  |  | (2,384 | ) |  |  | (1,004 | )
Income before equity in undistributed net earnings of subsidiaries |  |  | 23,273 |  |  |  | 21,625 |  |  |  | 18,893 |
Income tax benefit |  |  | 1,309 |  |  |  | 1,140 |  |  |  | 425 |
Equity in undistributed net earnings of subsidiaries |  |  | 18,382 |  |  |  | 16,662 |  |  |  | 21,228 |
Net income |  | $ | 42,964 |  |  | $ | 39,427 |  |  | $ | 40,546 |
Comprehensive income (loss) |  | $ | 53,489 |  |  | $ | (27,438 | ) |  | $ | 34,747 |
NOTE 20 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Continued)
|  | For the years ended December 31, |
Condensed Statements of Cash Flows |  | 2023 |  |  | 2022 |  |  | 2021 |
Operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 42,964 |  |  | $ | 39,427 |  |  | $ | 40,546 |
Adjustment to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |
Change in other assets and other liabilities |  |  | (12,836 | ) |  |  | 4,587 |  |  |  | 2,495 |
Equity in undistributed net earnings of subsidiaries |  |  | (18,382 | ) |  |  | (16,662 | ) |  |  | (21,228 | )
Net cash provided by operating activities |  |  | 11,746 |  |  |  | 27,352 |  |  |  | 21,813 |
Investing activities: |  |  |  |  |  |  |  |  |
Disposal of minority interest |  |  | — |  |  |  | — |  |  |  | 11,500 |
Acquisition and additional capitalization of subsidiary, net of cash acquired |  |  | (14,000 | ) |  |  | (25,960 | ) |  |  | (50,000 | )
Net cash used in investing activities |  |  | (14,000 | ) |  |  | (25,960 | ) |  |  | (38,500 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from subordinated debenture, net of issuance costs |  |  | — |  |  |  | — |  |  |  | 73,386 |
Purchase of treasury stock |  |  | (1,628 | ) |  |  | (16,887 | ) |  |  | (22,309 | )
Cash dividends paid |  |  | (9,599 | ) |  |  | (8,493 | ) |  |  | (8,036 | )
Net cash provided by (used in) financing activities |  |  | (11,227 | ) |  |  | (25,380 | ) |  |  | 43,041 |
Net change in cash and cash equivalents |  |  | (13,481 | ) |  |  | (23,988 | ) |  |  | 26,354 |
Cash and cash equivalents at beginning of year |  |  | 21,812 |  |  |  | 45,800 |  |  |  | 19,446 |
Cash and cash equivalents at end of year |  | $ | 8,331 |  |  | $ | 21,812 |  |  | $ | 45,800 |

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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