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Note 22 - Parent Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 22 - PARENT ONLY CONDENSED FINANCIAL INFORMATION The parent company only condensed balance sheet as of December 31, 2023 and 2022, and the related condensed statements of income and condensed statements of cash flows for the years ended December 31, 2023, 2022 and 2021 are presented below: Condensed Balance Sheet
(dollars in thousands) |  | 2023 |  |  | 2022 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 47,125 |  |  | $ | 43,718 |
Investment in Bank |  |  | 589,998 |  |  |  | 621,580 |
Investment in RAM |  |  | 3,244 |  |  |  | 3,049 |
Other assets |  |  | 6,333 |  |  |  | 6,161 |
Total assets |  | $ | 646,700 |  |  | $ | 674,508 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Long term debt |  |  | 119,147 |  |  |  | 173,585 |
Subordinated debentures |  |  | 14,938 |  |  |  | 14,720 |
Other liabilities |  |  | 1,355 |  |  |  | 1,640 |
Total liabilities |  |  | 135,440 |  |  |  | 189,945 |
Shareholders' equity: |  |  |  |  |  |  |  |
Common stock |  |  | 271,925 |  |  |  | 276,912 |
Additional paid-in capital |  |  | 3,623 |  |  |  | 3,361 |
Retained earnings |  |  | 255,152 |  |  |  | 225,883 |
Non-controlling interest |  |  | 72 |  |  |  | 72 |
Accumulated other comprehensive loss |  |  | (19,512 | ) |  |  | (21,665 | )
Total shareholders' equity |  |  | 511,260 |  |  |  | 484,563 |
Total liabilities and shareholders' equity |  | $ | 646,700 |  |  | $ | 674,508 |
Condensed Statements of Income
(dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Dividend from subsidiaries |  | $ | 85,000 |  |  | $ | — |  |  | $ | 25,000 |
Interest (reversal)/income |  |  | (41 | ) |  |  | 52 |  |  |  | — |
Interest expense |  |  | 9,951 |  |  |  | 9,645 |  |  |  | 8,999 |
Noninterest expense |  |  | 1,897 |  |  |  | 2,056 |  |  |  | 1,452 |
Income/(loss) before equity in undistributed income of subsidiaries |  |  | 73,111 |  |  |  | (11,649 | ) |  |  | 14,549 |
(Distributed income in excess of earnings)/undistributed income of: |  |  |  |  |  |  |  |  |  |  |  |
Bank |  |  | (34,477 | ) |  |  | 72,340 |  |  |  | 39,109 |
RAM |  |  | 195 |  |  |  | 57 |  |  |  | 59 |
Income before income taxes |  |  | 38,829 |  |  |  | 60,748 |  |  |  | 53,717 |
Income tax benefit |  |  | 3,636 |  |  |  | 3,579 |  |  |  | 3,189 |
Net income |  |  | 42,465 |  |  |  | 64,327 |  |  |  | 56,906 |
Other comprehensive income/(loss) |  |  | 2,153 |  |  |  | (20,009 | ) |  |  | (2,785 | )
Total comprehensive income |  | $ | 44,618 |  |  | $ | 44,318 |  |  | $ | 54,121 |
Condensed Statements of Cash Flows
(dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 42,465 |  |  | $ | 64,327 |  |  | $ | 56,906 |
Net amortization of other |  |  | 780 |  |  |  | 796 |  |  |  | 724 |
Provision for deferred income taxes |  |  | (72 | ) |  |  | (57 | ) |  |  | (337 | )
Distributed income in excess of earnings/(undistributed income) of subsidiaries |  |  | 34,282 |  |  |  | (72,397 | ) |  |  | (39,168 | )
Change in other assets and liabilities |  |  | 113 |  |  |  | 216 |  |  |  | 1,645 |
Net cash provided by/(used in) operating activities |  |  | 77,568 |  |  |  | (7,115 | ) |  |  | 19,770 |
Cash flows from investment activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of other equity securities, net |  |  | (490 | ) |  |  | (1,663 | ) |  |  | (380 | )
Net cash used in investing activities |  |  | (490 | ) |  |  | (1,663 | ) |  |  | (380 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of subordinated debentures, net of issuance costs |  |  | — |  |  |  | — |  |  |  | 118,111 |
Redemptions of subordinated debentures |  |  | (55,000 | ) |  |  | — |  |  |  | (50,000 | )
Dividends paid |  |  | (12,163 | ) |  |  | (10,736 | ) |  |  | (9,947 | )
Common stock repurchased, net of repurchased costs |  |  | (6,803 | ) |  |  | (19,822 | ) |  |  | (10,540 | )
Stock options exercised |  |  | 295 |  |  |  | 5,476 |  |  |  | 3,475 |
Net cash (used in)/provided by financing activities |  |  | (73,671 | ) |  |  | (25,082 | ) |  |  | 51,099 |
Increase/(decrease) in cash and cash equivalents |  |  | 3,407 |  |  |  | (33,860 | ) |  |  | 70,489 |
Cash and cash equivalents beginning of year |  |  | 43,718 |  |  |  | 77,578 |  |  |  | 7,089 |
Cash and cash equivalents end of year |  | $ | 47,125 |  |  | $ | 43,718 |  |  | $ | 77,578 |

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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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