Parent Company Statements

12 Months Ended

Dec. 31, 2017

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Statements

(23) Parent Company Statements

CONDENSED BALANCE SHEETS
(Dollars in thousands)	December 31,
	2017		2016
ASSETS
Cash and cash equivalents	$	4,686	$	780
Equity investments		—		545
Investment in subsidiaries		89,581		77,029
Other assets		—		40
Total assets	$	94,267	$	78,394
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt	$	17,338	$	7,414
Other liabilities		1,226		513
Shareholders' equity		75,703		70,467
Total liabilities and shareholders' equity	$	94,267	$	78,394

CONDENSED STATEMENTS OF INCOME AND    COMPREHENSIVE INCOME
(Dollars in thousands)	For Years Ended December 31,
	2017			2016			2015
Income
Dividends from subsidiaries	$	9,657		$	2,871		$	5,662
Other income		19			33			19
Total Income		9,676			2,904			5,681
Expense
Other expenses		(1,899	)		(606	)		(695	)
Total Expense		(1,899	)		(606	)		(695	)
Income before income tax and equity in undistributed (loss) earnings of    subsidiaries		7,777			2,298			4,986
Equity in undistributed (loss) earnings of subsidiaries		(1,136	)		5,311			1,346
Income before income tax		6,641			7,609			6,332
Income tax benefit		448			195			196
Net income		7,089			7,804			6,528
Series B preferred stock dividends and redemption premium		—			—			473
Series C preferred stock dividends		—			—			17
Net income available to common shareholders	$	7,089		$	7,804		$	6,038
Comprehensive income	$	8,209		$	3,139		$	6,827

CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in thousands)	For Years Ended December 31,
	2017			2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	7,089		$	7,804		$	6,528
Equity in undistributed loss (earnings) of subsidiaries		1,136			(5,311	)		(1,346	)
Decrease (increase) in other assets		240			59			(14	)
Increase (decrease) in other liabilities		626			457			(665	)
Net cash provided by operating activities		9,091			3,009			4,503
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash paid for acquisition		—			—			(2,949	)
Proceeds from the sale of investment securities		618			—			—
Investment in subsidiary		(12,600	)		—			—
Net cash used in investing activities		(11,982	)		—			(2,949	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid		(3,264	)		(2,875	)		(2,175	)
Series B preferred stock redemption premium		—			—			(100	)
Series B preferred stock redemption		—			—			(5,000	)
Series C preferred stock redemption		—			—			(1,750	)
Employee Stock Purchase Plan		104			82			66
Director Stock Purchase Plan		42			—			—
Deferred financing fees paid for subordinated debt issuance		(85	)		—			(85	)
Subordinated debt issuance		10,000			—			7,500
Net cash provided by (used in) financing activities		6,797			(2,793	)		(1,544	)
Net increase in cash and cash equivalents		3,906			216			10
Cash and cash equivalents, beginning of year		780			564			554
Cash and cash equivalents, end of year	$	4,686		$	780		$	564