Condensed Financial Information (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets

	December 31 2021		December 31 2020
Assets
Total cash and cash equivalents	$	53,907	$	127,044
Investment in subsidiaries	796,054		685,966
Other assets	9,510		3,902
Total assets	$	859,471	$	816,912
Liabilities
Subordinated notes	$	58,750	$	58,603
Junior subordinated debentures issued to capital trusts	56,785		56,548
Other liabilities	20,727		9,545
Stockholders’ Equity	723,209		692,216
Total liabilities and stockholders’ equity	$	859,471	$	816,912

Condensed Statements of Income

Condensed Statements of Income

	Years Ended December 31
	2021		2020		2019
Operating Income (Expense)
Dividend income from subsidiaries	$	22,500	$	61,400	$	46,150
Other income	25		106		—
Interest expense	(5,767)		(4,483)		(3,209)
Employee benefit expense	(1,890)		(1,997)		(1,687)
Other expense	(591)		(517)		(416)
Income Before Undistributed Income of Subsidiaries	14,277		54,509		40,838
Undistributed Income of Subsidiaries	71,439		13,131		25,053
Income Before Tax	85,716		67,640		65,891
Income Tax Benefit	1,375		859		647
Net Income Available to Common Shareholders	$	87,091	$	68,499	$	66,538

Condensed Statements of Comprehensive Income

Condensed Statements of Comprehensive Income

	Years Ended December 31
	2021		2020		2019
Net Income	$	87,091	$	68,499	$	66,538
Other Comprehensive Income (Loss)
Change in fair value of derivative instruments, net of taxes	3,610		(3,004)		(2,117)
Unrealized appreciation for the period on held to maturity securities, net of taxes	4,687		(46)		(92)
Unrealized appreciation (depreciation) on available for sale securities, net of taxes	(28,082)		27,865		16,726
Less: reclassification adjustment for realized (gains) losses included in net income, net of taxes	(722)		(3,395)		59
	(20,507)		21,420		14,576
Comprehensive Income	$	66,584	$	89,919	$	81,114

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Years Ended December 31
	2021		2020		2019
Operating Activities
Net income	$	87,091	$	68,499	$	66,538
Items not requiring (providing) cash
Equity in undistributed net income of subsidiaries	(71,439)		(13,131)		(25,053)
Change in:
Share based compensation	68		132		215
Amortization of unearned compensation	1,751		1,206		705
Other assets	730		(20)		(5,449)
Other liabilities	946		(14)		1,629
Net cash provided by operating activities	19,147		56,672		38,585
Investing Activities
Repurchase of outstanding stock	(7,607)		(19,636)		(1,595)
Capital contribution to subsidiary	(60,000)		—		—
Acquisition of Salin	—		—		2,350
Net cash (used in) provided by investing activities	(67,607)		(19,636)		755
Financing Activities
Net change in borrowings	384		16		98
Dividends paid on common shares	(24,768)		(21,183)		(20,835)
Proceeds from issuance of stock	(1,355)		1,390		1,705
Stock option exercises	1,062		—		—
Net proceeds from issuance of subordinated notes	—		58,824		—
Net cash used in financing activities	(24,677)		39,047		(19,032)
Net Change in Cash and Cash Equivalents	(73,137)		76,083		20,308
Cash and Cash Equivalents at Beginning of Year	127,044		50,961		30,653
Cash and Cash Equivalents at End of Year	$	53,907	$	127,044	$	50,961