v3.25.4
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Parent Company Only Balance Sheets
Condensed Parent Company Only Balance Sheets
(dollars in thousands)December 31, 2025December 31, 2024
ASSETS
Cash and cash equivalents$11,850 $16,179 
Investment in subsidiaries:
Bank654,269 618,914 
Non-bank1,614 1,614 
Other assets1,879 1,929 
Total assets$669,612 $638,636 
LIABILITIES
Subordinated notes$— $39,553 
Junior subordinated debentures52,909 52,849 
Other liabilities1,205 1,629 
Total liabilities54,114 94,031 
STOCKHOLDERS' EQUITY615,498 544,605 
Total liabilities and stockholders' equity$669,612 $638,636 
Schedule of Condensed Parent Company Only Statements of Income
Condensed Parent Company Only Statements of Income
Year ended December 31,
(dollars in thousands)202520242023
INCOME
Dividends received from bank subsidiary$72,500 $34,000 $64,000 
Undistributed earnings from bank subsidiary11,846 44,684 9,199 
Other income146 183 870 
Total income84,492 78,867 74,069 
EXPENSES
Interest expense4,975 5,729 5,409 
Other expense5,364 4,106 5,517 
Total expenses10,339 9,835 10,926 
INCOME BEFORE INCOME TAX BENEFIT74,153 69,032 63,143 
TAX BENEFIT(2,855)(2,748)(2,699)
NET INCOME$77,008 $71,780 $65,842 
Schedule of Condensed Parent Company Only Statements of Cash Flows
Consolidated Parent Company Only Statements of Cash Flow
Year ended December 31,
(dollars in thousands)202520242023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income$77,008 $71,780 $65,842 
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed earnings of consolidated subsidiaries(11,846)(44,684)(9,199)
Stock-based compensation1,943 1,752 1,953 
Loss on extinguishment of subordinated debt391 — — 
Amortization of discount and issuance costs on subordinated notes and debentures116 139 139 
Net gain on sale of foreclosed assets— — (563)
Changes in other assets and liabilities, net(136)(1,105)360 
Net cash provided by operating activities67,476 27,882 58,532 
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of equity securities— 20 — 
Proceeds from sale of foreclosed assets— — 2,888 
Net cash paid for acquisition of Town and Country— — (37,523)
Net cash provided by (used in) investing activities— 20 (34,635)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of subordinated notes(40,000)— — 
Taxes paid related to the vesting of restricted stock units(691)(331)(181)
Repurchase of common stock(4,505)(4,423)(8,907)
Cash dividends and dividend equivalents paid(26,609)(24,183)(21,873)
Net cash used in financing activities(71,805)(28,937)(30,961)
NET DECREASE IN CASH AND EQUIVALENTS(4,329)(1,035)(7,064)
CASH AND CASH EQUIVALENTS
Beginning of year16,179 17,214 24,278 
End of year$11,850 $16,179 $17,214