XML 160 R146.htm IDEA: XBRL DOCUMENT v3.21.1
PARENT COMPANY ONLY - Statements of Cash Flow (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flow from operating activities:      
Net income $ 13,726 $ 17,318 $ 14,493
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of furniture, fixtures and equipment 1,864 1,207 935
Income tax benefit 4,503 6,373 5,996
Stock-based compensation expense 1,456 1,154 1,180
Increase in interest receivable and other assets (1,155) (12,041) (848)
Increase (decrease) in interest payable and other liabilities (3,615) 15,407 625
Net cash provided by operating activities 9,997 6,956 6,237
Cash flows from investing activities:      
Net cash provided by (used in) investing activities (73,657) 927 (11,251)
Cash flows from financing activities:      
Repayment of junior subordinated debentures (1,575)    
Proceeds from Issuance of subordinated debt, net 63,372    
Increase in other borrowings 6,000    
Repayment of other borrowings (6,000)   (6,000)
Repurchase of common stock (18,257) (10,957)  
Proceeds from initial public offering, net     66,761
Net cash provided by financing activities 67,607 (36,082) 78,742
Increase (decrease) in cash and cash equivalents 3,947 (28,199) 73,728
Cash and cash equivalents at beginning of period 295,382 323,581 249,853
Cash and cash equivalents at end of period 299,329 295,382 323,581
Reportable Legal Entities [Member] | Parent Company [Member]      
Cash flow from operating activities:      
Net income 13,726 17,318 14,493
Adjustments to reconcile net income to net cash provided by operating activities:      
Income from subsidiary (15,429) (17,732) (14,655)
Dividend from subsidiary 18,740 20,200  
Depreciation of furniture, fixtures and equipment   1 3
Income tax benefit (700) (184) (68)
Accretion on junior subordinated debentures 80 81 36
Stock-based compensation expense 7 26 45
Increase in interest receivable and other assets 2,825 888 (88)
Increase (decrease) in interest payable and other liabilities 996 (24) (217)
Net cash provided by operating activities 20,245 20,574 (451)
Cash flows from investing activities:      
Capital contribution to subsidiary (2,654) (34,543) (644)
Net cash paid in acquisition (13,886) (57,998) (23,523)
Net cash provided by (used in) investing activities (16,540) (92,541) (24,167)
Cash flows from financing activities:      
Repayment of junior subordinated debentures (1,575)    
Proceeds from Issuance of subordinated debt, net 63,372    
Increase in other borrowings 6,000    
Repayment of other borrowings (6,000)   (6,000)
Restricted stock issued 1,449 1,128 1,135
Issuance of shares   44,598  
Repurchase of common stock (18,257) (10,957)  
Proceeds from initial public offering, net     66,761
Net cash provided by financing activities 44,989 34,769 61,896
Increase (decrease) in cash and cash equivalents 48,694 (37,198) 37,278
Cash and cash equivalents at beginning of period 756 37,954 676
Cash and cash equivalents at end of period $ 49,450 $ 756 $ 37,954