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Parent Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Parent Only Condensed Financial Information | NOTE 22 - PARENT ONLY CONDENSED FINANCIAL INFORMATION The parent company only condensed statements of financial condition as of December 31, 2019 and 2018, and the related condensed statements of income and condensed statements of cash flows for the years ended December 31, 2019, 2018, and 2017 are presented below: Condensed Statements of Financial Condition
(Dollars in Thousands) |  | 2019 |  |  | 2018 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 29,985 |  |  | $ | 45,540 |
Investment in Bank |  |  | 480,703 |  |  |  | 433,023 |
Investment in RAM |  |  | 6,870 |  |  |  | 6,796 |
Other assets |  |  | 4,202 |  |  |  | 2,820 |
Total assets |  | $ | 521,760 |  |  | $ | 488,179 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Long term debt |  |  | 104,049 |  |  |  | 103,708 |
Subordinated debentures |  |  | 9,673 |  |  |  | 9,506 |
Other liabilities |  |  | 348 |  |  |  | 344 |
Total liabilities |  |  | 114,070 |  |  |  | 113,558 |
Shareholders' equity: |  |  |  |  |  |  |  |
Common stock |  |  | 290,395 |  |  |  | 288,610 |
Additional paid-in capital |  |  | 4,938 |  |  |  | 5,659 |
Retained earnings |  |  | 112,046 |  |  |  | 81,618 |
Non-controlling interest |  |  | 72 |  |  |  | 72 |
Accumulated other comprehensive income (loss) |  |  | 239 |  |  |  | (1,338 | )
Total shareholders' equity |  |  | 407,690 |  |  |  | 374,621 |
Total liabilities and shareholders' equity |  | $ | 521,760 |  |  | $ | 488,179 |
Condensed Statements of Income
(Dollars in Thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Interest income |  | $ | — |  |  | $ | 15 |  |  | $ | — |
Interest expense |  |  | 7,697 |  |  |  | 4,083 |  |  |  | 3,629 |
Noninterest expense |  |  | 1,300 |  |  |  | 1,255 |  |  |  | 642 |
Loss before equity in undistributed income of subsidiaries |  |  | (8,997 | ) |  |  | (5,323 | ) |  |  | (4,271 | )
Equity in undistributed income of: |  |  |  |  |  |  |  |  |  |  |  |
Bank |  |  | 45,324 |  |  |  | 39,198 |  |  |  | 27,620 |
RAM |  |  | 74 |  |  |  | 528 |  |  |  | 143 |
Income before income taxes |  |  | 36,401 |  |  |  | 34,403 |  |  |  | 23,492 |
Income tax benefit |  |  | 2,808 |  |  |  | 1,702 |  |  |  | 2,036 |
Net income |  |  | 39,209 |  |  |  | 36,105 |  |  |  | 25,528 |
Other comprehensive income (loss) |  |  | 1,577 |  |  |  | (895 | ) |  |  | (104 | )
Total comprehensive income |  | $ | 40,786 |  |  | $ | 35,210 |  |  | $ | 25,424 |
Condensed Statements of Cash Flows
(Dollars in Thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 39,209 |  |  | $ | 36,105 |  |  | $ | 25,528 |
Net amortization of other |  |  | 508 |  |  |  | 268 |  |  |  | 235 |
Provision for deferred income taxes |  |  | 513 |  |  |  | (1,905 | ) |  |  | 1,807 |
Undistributed income of subsidiaries |  |  | (45,398 | ) |  |  | (39,726 | ) |  |  | (27,763 | )
Change in other assets and liabilities |  |  | (1,981 | ) |  |  | 3,492 |  |  |  | (3,923 | )
|  |  | (7,149 | ) |  |  | (1,766 | ) |  |  | (4,116 | )
Cash flows from investment activities: |  |  |  |  |  |  |  |  |  |  |  |
Net cash acquired (outlay) in connection with acquisition |  |  | — |  |  |  | (41,358 | ) |  |  | — |
Investment in subsidiaries |  |  | — |  |  |  | (15,000 | ) |  |  | (25,000 | )
|  |  | — |  |  |  | (56,358 | ) |  |  | (25,000 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of subordinated debentures, net of issuance costs |  |  | — |  |  |  | 54,018 |  |  |  | — |
Issuance of common stock, net of issuance costs |  |  | — |  |  |  | — |  |  |  | 60,210 |
Dividends paid |  |  | (8,033 | ) |  |  | (5,753 | ) |  |  | (5,118 | )
Common stock repurchased, net of repurchased costs |  |  | (3,190 | ) |  |  |  |  |  |  |  |
Stock options exercised |  |  | 2,817 |  |  |  | 9,630 |  |  |  | 2,296 |
|  |  | (8,406 | ) |  |  | 57,895 |  |  |  | 57,388 |
Increase in cash and cash equivalents |  |  | (15,555 | ) |  |  | (229 | ) |  |  | 28,272 |
Cash and cash equivalents beginning of year |  |  | 45,540 |  |  |  | 45,769 |  |  |  | 17,497 |
Cash and cash equivalents end of year |  | $ | 29,985 |  |  | $ | 45,540 |  |  | $ | 45,769 |

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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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