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Condensed Financial Statements of Parent Company (Tables)
12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets Condensed Balance Sheets
 December 31,
(Dollars in thousands)20222021
Assets  
Cash$31,085 $27,463 
Investment in subsidiaries277,173 322,002 
Debt and equity securities4,904 — 
Equity method investments50,976 — 
Other assets11,033 13,715 
     Total assets$375,171 $363,180 
Liabilities and stockholders’ equity  
Other liabilities$31,036 $15,822 
Senior term loan9,765 — 
Subordinated debt73,286 73,030 
     Total liabilities114,087 88,852 
     Total stockholders’ equity261,084 274,328 
     Total liabilities and stockholders’ equity$375,171 $363,180 
Condensed Statements of Income Condensed Statements of Income
 Year ended December 31,
(Dollars in thousands)202220212020
Income, dividends from the Bank$50,985 $19,165 $6,688 
Operating expenses27,774 22,458 16,804 
Income (loss), before income taxes23,211 (3,293)(10,116)
Income tax benefit(3,450)(2,090)(2,082)
Net income (loss)26,661 (1,203)(8,034)
Equity in undistributed income earnings of subsidiaries(11,614)40,324 45,445 
Net income$15,047 $39,121 $37,411 
Preferred dividends$— $35 $461 
Net income available to common shareholders$15,047 $39,086 $36,950 
Condensed Statements of Cash Flows Condensed Statements of Cash Flows
(Dollars in thousands)202220212020
OPERATING ACTIVITIES   
     Net income$15,047 $39,121 $37,411 
     Equity in undistributed earnings of subsidiaries11,614 (40,324)(45,445)
     Stock-based compensation3,217 3,208 2,278 
     Depreciation and amortization269 175 12 
     Other assets(45,406)(6,849)(2,101)
     Other liabilities16,358 11,215 1,755 
     Net cash from operating activities1,099 6,546 (6,090)
INVESTING ACTIVITIES   
     Investment in subsidiaries(240)(15,871)(3,713)
     Net cash from investing activities(240)(15,871)(3,713)
FINANCING ACTIVITIES   
     Proceeds from stock issuance— — 240 
     Issuance of senior term loan, net of issuance costs9,877 — — 
     Issuance of subordinated debt, net of issuance costs— 29,448 40,000 
     Common stock repurchased— — (15,657)
     Preferred stock redemption— (7,334)— 
     Common stock options exercised1,399 4,930 4,464 
     Withholding cash issued in lieu of restricted stock— (249)— 
     Issuance of subsidiary membership units— 500 — 
     Principal payments on senior term loan(125)— — 
     Stock purchase from noncontrolling interest(33)— — 
     Cash dividends paid on common stock(8,355)(6,038)(4,275)
     Cash dividends paid on preferred stock— (35)(461)
     Net cash from financing activities2,763 21,222 24,311 
Net change in cash3,622 11,897 14,508 
Cash at beginning of period27,463 15,566 1,058 
Cash at end of period$31,085 $27,463 $15,566