Condensed Financial Information (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Schedule Of Condensed Balance Sheet Of Parent Company Only

Condensed Balance Sheets 

	Year Ended December 31,
	2019		2018
Assets
Cash and cash equivalents	$	38,303	$	45,281
Investment in common stock of subsidiaries	332,352		274,158
Premises and equipment, net	6,515		6,158
Accrued income and other assets	2,156		1,554
Total assets	$	379,326	$	327,151
Liabilities and shareholders’ equity
Subordinated debt, net of unamortized discounts and debt issuance costs of $2,472 in 2019 and $1,125 in 2018	$	69,528	$	33,875
Note payable to the Bank	3,000		3,300
Accrued expenses and other liabilities	1,885		1,241
Total liabilities	74,413		38,416
Shareholders’ equity	304,913		288,735
Total liabilities and shareholders’ equity	$	379,326	$	327,151

Schedule Of Condensed Income Statement Of Parent Company Only

	Year Ended December 31,
	2019		2018
Assets
Cash and cash equivalents	$	38,303	$	45,281
Investment in common stock of subsidiaries	332,352		274,158
Premises and equipment, net	6,515		6,158
Accrued income and other assets	2,156		1,554
Total assets	$	379,326	$	327,151
Liabilities and shareholders’ equity
Subordinated debt, net of unamortized discounts and debt issuance costs of $2,472 in 2019 and $1,125 in 2018	$	69,528	$	33,875
Note payable to the Bank	3,000		3,300
Accrued expenses and other liabilities	1,885		1,241
Total liabilities	74,413		38,416
Shareholders’ equity	304,913		288,735
Total liabilities and shareholders’ equity	$	379,326	$	327,151

Condensed Statements of Income 

Comprehensive Income (Loss)

Condensed Statements of Comprehensive Income 

	Year Ended December 31,
	2019			2018			2017
Net income	$	25,239		$	21,900		$	15,226
Other comprehensive income (loss)
Net unrealized holding gains (losses) on securities available-for-sale recorded within other comprehensive income before income tax	12,072			(10,466		)	6,280
Reclassification adjustment for losses realized	458			—			8
Net unrealized holding losses on cash flow hedging derivatives recorded within other comprehensive income before income tax	(9,071		)	(4,358		)	—
Other comprehensive income (loss) before tax	3,459			(14,824		)	6,288
Income tax provision (benefit)	1,109			(4,365		)	2,039
Other comprehensive income (loss) - net of tax	2,350			(10,459		)	4,249
Comprehensive income	$	27,589		$	11,441		$	19,475

Schedule Of Condensed Cash Flow Statement Of Parent Company Only

Condensed Statements of Cash Flows 

	Year Ended December 31,
	2019			2018			2017
Operating activities
Net income	$	25,239		$	21,900		$	15,226
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries	(30,367		)	(25,466		)	(17,989		)
Depreciation and amortization	647			568			572
Share-based compensation expense	288			243			175
Net change in other assets	(508		)	1,769			(1,453		)
Net change in other liabilities	(87		)	79			(326		)
Net cash used in operating activities	(4,788		)	(907		)	(3,795		)
Investing activities
Capital contribution to the Bank	(25,000		)	(35,000		)	(42,000		)
Purchase of premises and equipment	(13		)	—			(148		)
Net cash used in investing activities	(25,013		)	(35,000		)	(42,148		)
Financing activities
Cash dividends paid	(2,418		)	(2,230		)	(1,675		)
Net proceeds from issuance of subordinated debt	35,418			—			—
Repayment of subordinated debt	—			(3,000		)	—
Principal payment on loan from the Bank	(300		)	(300		)	(400		)
Net proceeds from common stock issuance	—			54,334			51,636
Repurchase of common stock	(9,784		)	(216		)	—
Other, net	(93		)	(210		)	(173		)
Net cash provided by financing activities	22,823			48,378			49,388
Net (decrease) increase in cash and cash equivalents	(6,978		)	12,471			3,445
Cash and cash equivalents at beginning of year	45,281			32,810			29,365
Cash and cash equivalents at end of year	$	38,303		$	45,281		$	32,810