v3.25.4
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION
The following tables present parent company only condensed financial information.
Condensed Parent Company Only Balance Sheets:
(Dollars in thousands)December 31,
2025		December 31,
2024
ASSETS
Cash and cash equivalents$10,750 $13,412 
Securities - held to maturity1,550 1,876 
Investment in bank subsidiary1,038,101 987,466 
Investment in non-bank subsidiaries281 191 
Other assets5,412 2,869 
Total assets$1,056,094 $1,005,814 
LIABILITIES AND EQUITY
Subordinated notes$69,879 $69,662 
Junior subordinated debentures42,991 42,352 
Intercompany payables167 513 
Accrued expenses and other liabilities1,286 2,368 
Total liabilities114,323 114,895 
Stockholders' equity941,771 890,919 
Total liabilities and equity$1,056,094 $1,005,814 
Condensed Parent Company Only Statements of Income:
Years Ended December 31,
(Dollars in thousands)202520242023
Interest income$180 $178 $175 
Interest expense(6,751)(9,347)(9,702)
Credit loss (expense) benefit(277)(301)(746)
Other income119 139 134 
Salaries and employee benefits expense(763)(716)(639)
Other expense(3,186)(3,259)(3,378)
Income (loss) before income tax and income from subsidiaries(10,678)(13,306)(14,156)
Income tax (expense) benefit2,653 2,409 2,944 
Dividends from subsidiaries and equity in undistributed subsidiary income33,384 26,987 52,293 
Net income25,359 16,090 41,081 
Dividends on preferred stock(3,206)(3,206)(3,206)
Net income available to common stockholders$22,153 $12,884 $37,875 
Comprehensive income attributable to Parent$26,735 $15,901 $45,055 
Condensed Parent Company Only Statements of Cash Flows:
Years Ended December 31,
(Dollars in thousands)202520242023
Cash flows from operating activities:
Net income$25,359 $16,090 $41,081 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed subsidiary income(23,384)(3,987)(10,293)
Net accretion of securities(180)(178)(175)
Amortization of junior subordinated debentures639 612 582 
Amortization of subordinated notes issuance costs217 484 878 
Stock based compensation794 746 719 
Credit loss expense (benefit)277 301 746 
Change in other assets(2,543)61 1,638 
Change in accrued expenses and other liabilities(1,428)(2,324)(1,127)
Net cash provided by (used in) operating activities(249)11,805 34,049 
Cash flows from investing activities:
Investment in subsidiaries(14)1 (33)
Proceeds from maturities, calls, and pay downs of securities held to maturity229 978 529 
Net cash provided by (used in) investing activities215 979 496 
Cash flows from financing activities:
Repayment of subordinated notes— (39,500)— 
Dividends on preferred stock(3,206)(3,206)(3,206)
Purchase of treasury stock(2,227)(3,292)(81,623)
Stock option exercises320 413 144 
Proceeds from employee stock purchase plan common stock issuance2,485 2,184 1,831 
Net cash provided by (used in) financing activities(2,628)(43,401)(82,854)
Net increase (decrease) in cash and cash equivalents(2,662)(30,617)(48,309)
Cash and cash equivalents at beginning of period13,412 44,029 92,338 
Cash and cash equivalents at end of period$10,750 $13,412 $44,029