XML 121 R107.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Financial Information of Parent (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Assets                        
Premises and equipment $ 27,251       $ 21,305       $ 27,251 $ 21,305    
Goodwill 30,646       29,805       30,646 29,805    
Other assets 54,873       47,799       54,873 47,799    
Total assets 2,361,236 $ 2,296,626 $ 2,267,124 $ 2,136,396 2,068,796 $ 2,033,227 $ 1,998,699 $ 1,991,345 2,361,236 2,068,796    
Liabilities and shareholders' equity                        
Other liabilities 30,861 30,340 31,614 28,487 20,867 20,031 19,292 16,264 30,861 20,867    
Total liabilities 2,137,510       1,856,288       2,137,510 1,856,288    
Shareholders' equity                        
Common stock 110       109       110 109    
Additional paid-in capital 65,285       63,964       65,285 63,964    
Retained earnings 158,359       144,839       158,359 144,839    
Total shareholders' equity 223,726 219,440 216,584 215,257 212,508 208,489 204,593 197,787 223,726 212,508 $ 191,542 $ 181,321
Total liabilities and shareholders' equity 2,361,236 2,296,626 2,267,124 2,136,396 2,068,796 2,033,227 1,998,699 1,991,345 2,361,236 2,068,796    
Statements of Income                        
Net securities gains                 1,155 224 137  
Income before income taxes 8,255 8,474 7,825 7,696 7,947 7,468 7,575 7,270 32,250 30,260 27,842  
Applicable tax expense 1,285 1,379 1,256 1,201 1,261 1,180 1,180 1,114 5,121 4,735 4,306  
Equity in earnings of Bank                        
Net income 6,970 7,095 6,569 6,495 6,686 6,288 6,395 6,156 27,129 25,525 23,536  
Cash flows from operating activities                        
Net income 6,970 $ 7,095 $ 6,569 6,495 6,686 $ 6,288 $ 6,395 6,156 27,129 25,525 23,536  
Adjustments to reconcile net income to net cash provided by operating activities:                        
Depreciation                 2,221 1,938 1,792  
Equity compensation expense                 652 565 381  
Gain on sale of investments                 (1,155) (224) (137)  
(Increase) decrease in other assets                 (17,737) (7,690) 1,146  
Decrease in other liabilities                 9,347 2,802 3,848  
Net cash provided by operating activities                 22,698 26,053 33,840  
Cash flows from investing activities                        
Proceeds from maturities, payments, calls of securities available for sale                 141,598 78,825 51,752  
Capital expenditures                 (2,540) (1,573) (1,484)  
Net cash used in investing activities                 (250,071) (116,280) (112,077)  
Cash flows from financing activities                        
Purchase of common stock                 (156) (183) (168)  
Proceeds from sale of common stock                 670 653 619  
Dividends paid                 (13,329) (12,963) (12,052)  
Net cash provided by financing activities                 239,152 85,526 78,164  
Parent Company                        
Assets                        
Cash and cash equivalents 1,287       1,028       1,287 1,028    
Dividends receivable 3,400       3,200       3,400 3,200    
Investment in subsidiary 194,515       183,654       194,515 183,654    
Goodwill 27,559       27,559       27,559 27,559    
Other assets 360       337       360 337    
Total assets 227,121       215,778       227,121 215,778    
Liabilities and shareholders' equity                        
Dividends payable 3,395       3,270       3,395 3,270    
Other liabilities 0       0       0 0    
Total liabilities 3,395       3,270       3,395 3,270    
Shareholders' equity                        
Common stock 110       109       110 109    
Additional paid-in capital 65,285       63,964       65,285 63,964    
Retained earnings 158,331       148,435       158,331 148,435    
Total shareholders' equity 223,726       212,508       223,726 212,508    
Total liabilities and shareholders' equity 227,121       215,778       227,121 215,778    
Statements of Income                        
Net securities gains                 0 0 137  
Other operating income                 8 0 0  
Total income                 8 0 137  
Occupancy expense                 0 1 2  
Other operating expense                 911 826 652  
Total expense                 911 827 654  
Income before income taxes                 (903) (827) (517)  
Applicable tax expense                 (246) (230) (164)  
Loss before Bank earnings                 (657) (597) (353)  
Equity in earnings of Bank                        
Remitted                 13,300 12,600 11,300  
Unremitted                 14,486 13,522 12,589  
Net income                 27,129 25,525 23,536  
Cash flows from operating activities                        
Net income                 27,129 25,525 23,536  
Adjustments to reconcile net income to net cash provided by operating activities:                        
Depreciation                 0 2 0  
Equity compensation expense                 652 565 381  
Gain on sale of investments                 0 0 (137)  
(Increase) decrease in other assets                 (21) (105) 81  
Increase in dividends receivable                 (200) (250) (450)  
Increase in dividends payable                 0 120 551  
Decrease in other liabilities                 0 (4) 0  
Unremitted earnings of Bank                 (14,486) (13,522) (12,589)  
Net cash provided by operating activities                 13,074 12,331 11,373  
Cash flows from investing activities                        
Proceeds from maturities, payments, calls of securities available for sale                 0 0 459  
Capital expenditures                 0 0 1  
Net cash used in investing activities                 0 0 460  
Cash flows from financing activities                        
Purchase of common stock                 (156) (183) (168)  
Proceeds from sale of common stock                 670 653 619  
Dividends paid                 (13,329) (12,963) (12,052)  
Net cash provided by financing activities                 (12,815) (12,493) (11,601)  
Net increase (decrease) in cash and cash equivalents                 259 (162) 232  
Cash and cash equivalents at beginning of year       $ 1,028       $ 1,190 1,028 1,190 958  
Cash and cash equivalents at end of year $ 1,287       $ 1,028       $ 1,287 $ 1,028 $ 1,190