Condensed Financial Statements Of Parent Company (Tables) - Parent Company [Member]

12 Months Ended

Dec. 31, 2018

Balance Sheets

Balance Sheets
	December 31,
Dollars in thousands	2018			2017
Assets
Cash	$	4,326		$	2,299
Investment in subsidiaries	236,422			219,980
Other investments	77			77
Premises and equipment	126			94
Other assets	1,365			1,318
Total assets	$	242,316		$	223,768
Liabilities and Shareholders' Equity
Subordinated debentures owed to unconsolidated subsidiary trusts	$	19,589		$	19,589
Other liabilities	2,897			2,674
Total liabilities	22,486			22,263
Preferred stock, $1.00 par value, authorized 250,000 shares	—			—
Common stock and related surplus, $2.50 par value, authorized
20,000,000 shares; issued: 12,399,887 shares 2018, 12,465,296 shares 2017; outstanding: 12,312,933 shares 2018, 12,358,562 shares 2017	80,431			81,098
Unallocated common stock held by Employee Stock Ownership Plan - 2018 - 86,954 shares, 2017 - 106,734 shares	(939		)	(1,152		)
Retained earnings	141,354			119,827
Accumulated other comprehensive (loss) income	(1,016		)	1,732
Total shareholders' equity	219,830			201,505
Total liabilities and shareholders' equity	$	242,316		$	223,768

Statements of Income

Statements of Income
	For the Year Ended December 31,
Dollars in thousands	2018			2017			2016
Income
Dividends from subsidiaries	$	10,600		$	6,500		$	5,070
Other dividends and interest income	28			24			21
Realized securities losses	—			—			(14		)
Management and service fees from subsidiaries	1,555			1,964			1,554
Total income	12,183			8,488			6,631
Expense
Interest expense	899			714			663
Operating expenses	2,565			2,462			2,820
Total expenses	3,464			3,176			3,483
Income before income taxes and equity in
undistributed income of subsidiaries	8,719			5,312			3,148
Income tax (benefit)	(374		)	(129		)	(715		)
Income before equity in undistributed income of subsidiaries	9,093			5,441			3,863
Equity in undistributed income of subsidiaries	18,979			6,474			13,434
Net income	$	28,072		$	11,915		$	17,297

Statements of Cash Flows

Statements of Cash Flows
	For the Year Ended December 31,
Dollars in thousands	2018			2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	28,072		$	11,915		$	17,297
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries	(18,979		)	(6,474		)	(13,434		)
Deferred tax (benefit) expense	(8		)	346			(214		)
Depreciation	41			39			36
Realized securities losses	—			—			14
Share-based compensation expense	181			174			96
Earnings on bank owned life insurance	7			(1		)	5
(Increase) decrease in other assets	(375		)	535			(277		)
Increase in other liabilities	1,036			512			1,104
Net cash provided by operating activities	9,975			7,046			4,627
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds sales of available for sale securities	—			—			86
Purchases of premises and equipment	(86		)	(92		)	(56		)
Proceeds from sale of premises and equipment	13			60			—
Net cash (used in) provided by investing activities	(73		)	(32		)	30
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid on common stock	(6,545		)	(5,238		)	(4,272		)
Exercise of stock options	122			303			447
Repayment of long-term borrowings	—			(902		)	(1,805		)
Purchase and retirement of common stock	(1,689		)	—			—
Net proceeds from issuance of common stock	237			10			101
Net cash used in financing activities	(7,875		)	(5,827		)	(5,529		)
Increase (decrease) in cash	2,027			1,187			(872		)
Cash:
Beginning	2,299			1,112			1,984
Ending	$	4,326		$	2,299		$	1,112
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for:
Interest	$	875		$	704		$	654