XML 56 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Company Only Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Financial Condition
Condensed Statements of Financial Condition
 
December 31,
 
2018
 
2017
Assets
 
 
 
Cash in subsidiary
$
11,227

 
$
6,393

Investment in subsidiary
173,253

 
188,873

Deferred tax asset
1,999

 
2,076

Other assets
3,317

 
3,307

 
$
189,796

 
$
200,649

Liabilities and Stockholders' Equity
 
 
 
Accrued expenses and other liabilities
$
2,646

 
$
3,015

Total stockholders’ equity
187,150

 
197,634

 
$
189,796

 
$
200,649

Condensed Statements of Operations
Condensed Statements of Operations
 
For the years ended
December 31,
 
2018
 
2017
Interest income
$

 
$
110

Dividends from subsidiary
36,044

 
10,629

Other expense
1,573

 
1,693

Income before income tax and undistributed subsidiary income
34,471

 
9,046

Income tax expense (benefit)
(398
)
 
290

Income before equity in undistributed subsidiary income
34,869

 
8,756

Equity in undistributed subsidiary income (excess distributions)
(15,527
)
 
248

Net income
$
19,342

 
$
9,004

Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
For the years ended
December 31,
 
2018
 
2017
Cash flows from operating activities
 
 
 
Net income
$
19,342

 
$
9,004

Adjustments:
 
 
 
Equity in undistributed subsidiary excess distributions
15,527

 
(248
)
Change in other assets
67

 
(2,712
)
Change in accrued expenses and other liabilities
(369
)
 
3,015

Net cash from operating activities
34,567

 
9,059

Cash flows from financing activities
 
 
 
Net exercise of stock options

 
(1,237
)
Repurchase and retirement of common stock
(23,284
)
 
(10,819
)
Cash dividends paid on common stock
(6,449
)
 
(5,153
)
Net cash used in financing activities
(29,733
)
 
(17,209
)
Net change in cash in subsidiary
4,834

 
(8,150
)
Beginning cash in subsidiary
6,393

 
14,543

Ending cash in subsidiary
$
11,227

 
$
6,393