XML 130 R114.htm IDEA: XBRL DOCUMENT v3.20.4
PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 52,505 $ 43,745 $ 21,225
Adjustments to reconcile net income to net cash used in operating activities:      
Restricted stock expense 2,352 1,661 1,154
Net cash provided by operating activities 51,185 44,700 31,500
Cash flows from investing activities:      
Net cash used in investing activities (259,128) (62,682) (8,808)
Cash flows from financing activities:      
Dividends paid on common stock (8,589) (5,190) (2,557)
Common stock repurchased (8,067) (5,229) 0
Net proceeds from issuance of stock 0 0 (237)
Net cash provided by financing activities 601,633 27,739 44,493
Parent Company [Member]      
Cash flows from operating activities:      
Net income 52,505 43,745 21,225
Adjustments to reconcile net income to net cash used in operating activities:      
Equity in undistributed income of Subsidiary (41,490) (713) (13,006)
Restricted stock expense 2,352 1,661 1,154
Other, net 329 1,185 1,364
Net cash provided by operating activities 13,696 45,878 10,737
Cash flows from investing activities:      
Investment in subsidiary bank   0 (27,000)
Net outlays for acquisitions 1,726 (32,363) (47,041)
Net cash used in investing activities 1,726 (32,363) (74,041)
Cash flows from financing activities:      
Dividends paid on common stock (8,589) (5,190) (2,557)
Repurchase of restricted stock for payment of taxes (494) (63) (23)
Common stock repurchased (8,067) (5,229) 0
Net proceeds from issuance of stock   0 (237)
Proceeds (repayment) of borrowed funds (707) (173) (16,000)
Issuance of subordinated debt 63,725 0 64,766
Net cash provided by financing activities 45,868 (10,655) 45,949
Net increase (decrease) in cash and cash equivalents 61,290 2,860 (17,355)
Cash and cash equivalents at beginning of year 5,941 3,081 20,436
Cash and cash equivalents at end of year $ 67,231 $ 5,941 $ 3,081