PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of condensed statements of financial condition of the parent company

(Dollars in Thousands, Except Per Share Data)	2019		2018
ASSETS
Cash and Due From Subsidiary Bank	$	28,924	$	19,053
Investment in Subsidiary Bank		359,577		344,714
Other Assets		5,884		5,440
Total Assets	$	394,385	$	369,207
LIABILITIES
Long-Term Borrowings	$	1,500	$	2,100
Subordinated Notes Payable		52,887		52,887
Other Liabilities		12,982		11,633
Total Liabilities		67,369		66,620
SHAREOWNERS’ EQUITY
Common Stock, $.01 par value; 90,000,000 shares authorized; 16,771,544 and 16,747,571 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively		168		167
Additional Paid-In Capital		32,092		31,058
Retained Earnings		322,937		300,177
Accumulated Other Comprehensive Loss, Net of Tax		(28,181)		(28,815)
Total Shareowners’ Equity		327,016		302,587
Total Liabilities and Shareowners’ Equity	$	394,385	$	369,207

Schedule of operating results of the parent company

(Dollars in Thousands)	2019		2018		2017
OPERATING INCOME
Income Received from Subsidiary Bank:
Administrative Fees	$	6,517	$	5,700	$	4,813
Dividends		19,000		15,000		12,000
Other Income		203		171		124
Total Operating Income		25,720		20,871		16,937
OPERATING EXPENSE
Salaries and Associate Benefits		3,928		3,679		3,783
Interest on Subordinated Notes Payable		2,381		2,286		1,761
Professional Fees		1,196		1,210		1,072
Advertising		157		106		130
Legal Fees		391		166		140
Other		1,711		2,170		1,338
Total Operating Expense		9,764		9,617		8,224
Earnings Before Income Taxes and Equity in Undistributed
Earnings of Subsidiary Bank		15,956		11,254		8,713
Income Tax (Benefit) Expense		(632)		(901)		166
Earnings Before Equity in Undistributed Earnings of Subsidiary Bank		16,588		12,155		8,547
Equity in Undistributed Earnings of Subsidiary Bank		14,219		14,069		2,316
Net Income	$	30,807	$	26,224	$	10,863

Schedule of cash flows for the parent company

(Dollars in Thousands)	2019		2018		2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	30,807	$	26,224	$	10,863
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:
Equity in Undistributed Earnings of Subsidiary Bank		(14,219)		(14,069)		(2,316)
Stock Compensation		1,569		1,421		1,502
(Increase) Decrease in Other Assets		(445)		(327)		450
Increase in Other Liabilities		1,557		1,579		960
Net Cash Provided By Operating Activities		19,269		14,828		11,459
CASH FROM FINANCING ACTIVITIES:
Repayment of Long-Term Borrowings		(600)		(600)		(300)
Dividends Paid		(8,047)		(5,457)		(4,071)
Issuance of Common Stock Under Compensation Plans		1,054		797		809
Payments to Repurchase Common Stock		(1,805)		(8,030)		-
Net Cash Used In Financing Activities		(9,398)		(13,290)		(3,562)
Net Increase in Cash		9,871		1,538		7,897
Cash at Beginning of Year		19,053		17,515		9,618
Cash at End of Year	$	28,924	$	19,053	$	17,515