Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets

CONDENSED BALANCE SHEETS	December 31,
	2020		2019
Assets
Cash	$	10,729	$	750
Trading securities	2,692		683
Investment in bank subsidiary	456,531		349,307
Investment in non-bank subsidiaries	15,681		24,606
Deferreds and current receivable	1,788		1,576
Other assets	1,264		1,479
Total assets	$	488,685	$	378,401
Liabilities
Borrowings from subsidiary	$	0	$	850
Subordinated debentures	70,620		70,620
Other liabilities	1,928		1,965
Total liabilities	72,548		73,435
Stockholders' equity	416,137		304,966
Total liabilities and stockholders' equity	$	488,685	$	378,401

Condensed Statements of Income

CONDENSED STATEMENTS OF INCOME	Year Ended December 31,
Income:	2020		2019		2018
Dividends from:
Bank subsidiary	$	16,702	$	12,696	$	12,029
Non-bank subsidiaries	10,350		0		3,000
Other	216		208		212
Total income	27,268		12,904		15,241
Expenses	(6,838)		(5,518)		(5,184)
Income before income taxes and equity in undistributed net income of subsidiaries:	20,430		7,386		10,057
Change in net unrealized holdings gains (losses) on equity securities not held for trading	(31)		24		0
Income tax benefit	1,306		1,177		1,116
Equity in undistributed net income of bank subsidiary	18,197		27,580		24,031
Equity in undistributed (distributions in excess) of net income of non-bank subsidiaries	(7,159)		3,914		(1,485)
Net income	32,743		40,081		33,719
Dividends on preferred stock	(1,147)		0		0
Net income available to common stockholders	$	31,596	$	40,081	$	33,719
Comprehensive income attributable to the parent	$	32,519	$	39,856	$	33,687

Condensed Statements of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS	Year Ended December 31,
	2020		2019		2018
Net income
Adjustments to reconcile net income to net cash provided by	$	32,743	$	40,081	$	33,719
operating activities:
Equity in undistributed net income of bank subsidiary	(18,197)		(27,580)		(24,031)
(Equity in undistributed) distributions in excess of net income of non–bank subsidiaries	7,159		(3,914)		1,485
Net unrealized gains on trading securities	31		(24)		0
Decrease (increase) in other assets	21		177		872
Increase in other liabilities	1,091		1,267		1,089
Net cash provided by operating activities	22,848		10,007		13,134
Cash flows from investing activities
Purchase of trading securities	(2,000)		(36)		(44)
Investment in non-bank subsidiaries	0		0		(400)
Outlays for business acquisition	(16,126)		0		0
Investment in bank subsidiaries	(41,500)		0		0
Net cash used in investing activities	(59,626)		(36)		(444)
Cash flows from financing activities:
Dividends paid on common stock	(10,981)		(10,358)		(10,237)
Dividends paid on preferred stock	(1,147)		0		0
Purchase of treasury stock	(1,307)		(1,291)		(2,454)
Net proceeds from the issuance of preferred stock	57,785		0		0
Net proceeds from issuance of common stock	3,257		1,423		0
Net advance (to) from subsidiary	(850)		650		(1,200)
Net cash provided by (used in) financing activities	46,757		(9,576)		(13,891)
Net increase (decrease) in cash	9,979		395		(1,201)
Cash beginning of year	750		355		1,556
Cash end of year	$	10,729	$	750	$	355