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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed balance sheets |
($ in thousands) |  | 2020 |  |  | 2019 |
Assets |  |  |  |  |  |
Cash & cash equivalents |  | $ | 2,178 |  |  | $ | 7,457 |
Investment in banking subsidiaries |  |  | 143,244 |  |  |  | 134,244 |
Investment in nonbanking subsidiaries |  |  | 5,617 |  |  |  | 4,883 |
Other assets |  |  | 3,229 |  |  |  | 192 |
Total assets |  | $ | 154,268 |  |  | $ | 146,776 |
Liabilities |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 10,000 |  |  | $ | 10,000 |
Borrowings from nonbanking subsidiaries |  |  | 310 |  |  |  | 310 |
Other liabilities & accrued interest payable |  |  | 1,035 |  |  |  | 372 |
Total liabilities |  |  | 11,345 |  |  |  | 10,682 |
Stockholders’ equity |  |  | 142,923 |  |  |  | 136,094 |
Total liabilities and stockholders’ equity |  | $ | 154,268 |  |  | $ | 146,776 |
Schedule of condensed statements of income and comprehensive income |
($ in thousands) |  | 2020 |  |  | 2019 |
Dividends from subsidiaries: |  |  |  |  |  |
Banking subsidiaries |  | $ | 24,025 |  |  | $ | 6,000 |
Nonbanking subsidiaries |  |  | - |  |  |  | 575 |
Total income |  |  | 24,025 |  |  |  | 6,575 |
Expenses |  |  |  |  |  |  |  |
Interest expense |  |  | 256 |  |  |  | 414 |
Other expense |  |  | 2,950 |  |  |  | 1,773 |
Total expenses |  |  | 3,206 |  |  |  | 2,187 |
Income before income tax |  |  | 20,819 |  |  |  | 4,388 |
Income tax benefit |  |  | (712 | ) |  |  | (508 | )
Income before equity in undistributed income of subsidiaries |  |  | 21,531 |  |  |  | 4,896 |
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |
Banking subsidiaries |  |  | (8,071 | ) |  |  | 6,526 |
Nonbanking subsidiaries |  |  | 1,484 |  |  |  | 551 |
Total |  |  | (6,587 | ) |  |  | 7,077 |
Net income |  |  | 14,944 |  |  |  | 11,973 |
Preferred stock dividends |  |  | - |  |  |  | 950 |
Net income available to common shareholders |  | $ | 14,944 |  |  | $ | 11,023 |
($ in thousands) |  | 2020 |  |  | 2019 |
Net income |  | $ | 14,944 |  |  | $ | 11,973 |
Other comprehensive income: |  |  |  |  |  |  |  |
Available-for-sale investment securities: |  |  |  |  |  |  |  |
Gross unrealized holding gain (loss) arising in the period |  |  | 1,963 |  |  |  | 1,327 |
Related tax (expense) benefit |  |  | (412 | ) |  |  | (279 | )
Less: reclassification adjustment for gain realized in income |  |  | - |  |  |  | 206 |
Related tax expense |  |  | - |  |  |  | (43 | )
Net effect on other comprehensive income |  |  | 1,551 |  |  |  | 1,211 |
Total comprehensive income |  | $ | 16,495 |  |  | $ | 13,184 |
Schedule of condensed statements of cash flows |
($ in thousands) |  | 2020 |  |  | 2019 |
Operating activities |  |  |  |  |  |
Net income |  | $ | 14,944 |  |  | $ | 11,973 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | 6,587 |  |  |  | (7,077 | )
Stock compensation expense |  |  | 382 |  |  |  | 417 |
Other assets |  |  | (2,287 | ) |  |  | 32 |
Other liabilities |  |  | 663 |  |  |  | (884 | )
Net cash provided by operating activities |  |  | 20,289 |  |  |  | 4,461 |
Investing activities |  |  |  |  |  |  |  |
Capital contributed to banking subsidiary |  |  | (15,520 | ) |  |  | - |
Capital contributed to nonbanking subsidiary |  |  | - |  |  |  | (3,100 | )
Net cash used in investing activities |  |  | (15,520 | ) |  |  | (3,100 | )
Financing activities |  |  |  |  |  |  |  |
Dividends on common shares |  |  | (3,070 | ) |  |  | (2,331 | )
Dividends on preferred shares |  |  | - |  |  |  | (950 | )
Proceeds from issuance of common shares |  |  | - |  |  |  | 139 |
Conversion of preferred shares |  |  | - |  |  |  | (1 | )
Proceeds from share-based compensation plans |  |  | 188 |  |  |  | 251 |
Repurchase of common shares |  |  | (7,166 | ) |  |  | (5,050 | )
Net cash used in financing activities |  |  | (10,048 | ) |  |  | (7,942 | )
Net change in cash and cash equivalents |  |  | (5,279 | ) |  |  | (6,581 | )
Cash and cash equivalents at beginning of year |  |  | 7,457 |  |  |  | 14,038 |
Cash and cash equivalents at end of year |  | $ | 2,178 |  |  | $ | 7,457 |

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