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Parent Company Financial Information (Tables)
12 Months Ended
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