Condensed Financial Information - Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed financial statements of the Corporation, parent company only, follow:



(Dollars in thousands)	At December 31,
Balance Sheets	2014		2013
Assets:
Cash and due from banks	$	3,120	$	2,999
Investments in securities	1,336		2,347
Investments in subsidiaries, at equity in net assets:
Bank	283,166		271,147
Non-banks	—		—
Other assets	21,115		17,658
Total assets	$	308,737	$	294,151
Liabilities:
Dividends payable	$	3,243	$	3,257
Other liabilities	20,940		10,388
Total liabilities	24,183		13,645
Shareholders' equity:	284,554		280,506
Total liabilities and shareholders' equity	$	308,737	$	294,151

Schedule of Condensed Income Statement



(Dollars in thousands)	For the Years Ended December 31,
Statements of Income	2014		2013			2012
Dividends from bank	$	12,482	$	18,482		$	20,482
Dividends from non-bank	—		—			1,200
Other-than-temporary impairment on equity securities	—		—			(13		)
Net gain on sales of securities	306		644			70
Loss on termination of interest rate swap	—		(1,866		)	—
Other income	18,334		18,306			17,463
Total operating income	31,122		35,566			39,202
Operating expenses	16,924		19,203			18,323
Income before income tax expense (benefit) and equity in undistributed income (loss) of subsidiaries	14,198		16,363			20,879
Income tax expense (benefit)	880		(903		)	(143		)
Income before equity in undistributed income (loss) of subsidiaries	13,318		17,266			21,022
Equity in undistributed income (loss) of subsidiaries:
Bank	8,913		3,929			(140		)
Non-banks	—		(6		)	(10		)
Net income	$	22,231	$	21,189		$	20,872

Schedule of Condensed Cash Flow Statement



(Dollars in thousands)	For the Years Ended December 31,
Statements of Cash Flows	2014			2013			2012
Cash flows from operating activities:
Net income	$	22,231		$	21,189		$	20,872
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net (income) loss of subsidiaries	(8,913		)	(3,923		)	150
Other-than-temporary impairment on equity securities	—			—			13
Net gain on sales of securities	(306		)	(644		)	(70		)
Loss on termination of interest rate swap	—			1,866			—
Bank owned life insurance income	(238		)	(1,070		)	(255		)
Depreciation of premises and equipment	364			344			358
Stock based compensation	1,141			978			1,267
Contributions to pension and other postretirement benefit plans	(254		)	(2,243		)	(8,215		)
Decrease in other assets	714			671			6,270
(Decrease) increase in other liabilities	(639		)	(2,426		)	2,451
Net cash provided by operating activities	14,100			14,742			22,841
Cash flow from investing activities:
Proceeds from sales of securities	1,131			1,244			2,666
Liquidation of subsidiary, net of cash acquired	—			15,011			1,096
Proceeds from bank owned life insurance	—			772			178
Other, net	(281		)	(713		)	1,280
Net cash provided by investing activities	850			16,314			5,220
Cash flows from financing activities:
Repayment of long-term debt	—			(375		)	(1,500		)
Payment for repurchase of trust preferred securities	—			(20,619		)	—
Purchases of treasury stock	(4,605		)	(12,012		)	(2,319		)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit plans	2,462			2,422			2,515
Proceeds from exercise of stock options	310			—			—
Cash dividends paid	(12,996		)	(10,029		)	(16,755		)
Net cash used in financing activities	(14,829		)	(40,613		)	(18,059		)
Net increase (decrease) in cash and due from financial institutions	121			(9,557		)	10,002
Cash and due from financial institutions at beginning of year	2,999			12,556			2,554
Cash and due from financial institutions at end of year	$	3,120		$	2,999		$	12,556
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest	$	2		$	754		$	1,194
Income tax, net of refunds received	5,300			5,017			1,180