Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2012

Condensed Financial Information - Parent Company Only [Abstract]

Condensed Financial Information - Parent Company Only

Note 21. Condensed Financial Information—Parent Company Only

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

	At December 31,
(Dollars in thousands)	2012		2011
Balance Sheets
Assets:
Cash and due from banks	$	12,556	$	2,554
Investments in securities		2,842		5,208
Investments in subsidiaries, at equity in net assets:
Bank		277,107		276,405
Non-banks		15,020		16,126
Other assets		19,659		27,126
Total assets	$	327,184	$	327,419
Liabilities:
Dividends payable	$	—	$	3,344
Other borrowings		—		332
Subordinated capital notes		375		1,875
Junior subordinated debt owed to unconsolidated subsidiary trust		20,619		20,619
Other liabilities		21,913		28,270
Total liabilities		42,907		54,440
Shareholders’ equity		284,277		272,979
Total liabilities and shareholders’ equity	$	327,184	$	327,419

	For the Years ended December 31,
(Dollars in thousands)	2012			2011			2010
Statements of Income
Dividends from bank	$	20,482		$	12,482		$	12,482
Dividends from non-banks		1,200			1,190			1,190
Other-than-temporary impairment on equity securities		(13	)		(16	)		(62	)
Net gain on sales of securities		70			58			105
Other income		17,463			14,986			15,976
Total operating income		39,202			28,700			29,691
Operating expenses		18,323			16,946			15,715
Income before income (benefit) tax and equity in undistributed (loss) income of subsidiaries		20,879			11,754			13,976
Income (benefit) tax		(143	)		(547	)		73
Income before equity in undistributed (loss) income of subsidiaries		21,022			12,301			13,903
Equity in undistributed (loss) income of subsidiaries:
Bank		(140	)		6,576			1,777
Non-banks		(10	)		5			76
Net income	$	20,872		$	18,882		$	15,756

	For the Years Ended December 31,
(Dollars in thousands)	2012			2011			2010
Statements of Cash Flows
Cash flows from operating activities:
Net income	$	20,872		$	18,882		$	15,756
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		150			(6,581	)		(1,853	)
Other-than-temporary impairment on equity securities		13			16			62
Net gain on sales of securities		(70	)		(58	)		(105	)
Depreciation of premises and equipment		358			341			185
Stock based compensation		1,267			888			1,045
Contributions to pension and other postretirement benefit plans		(8,215	)		(2,325	)		(2,139	)
Decrease (increase) in other assets		6,193			(1,728	)		(2,736	)
Increase in other liabilities		2,451			2,613			1,018
Net cash provided by operating activities		23,019			12,048			11,233
Cash flows from investing activities:
Proceeds from sales of securities		2,666			7,127			7,265
Purchases of investment securities		—			(2,525	)		(7,000	)
Liquidation of subsidiary, net of cash acquired		1,096			—			2,384
Other, net		1,280			(196	)		147
Net cash provided by investing activities		5,042			4,406			2,796
Cash flows from financing activities:
Net change in purchased funds and other short-term borrowings		—			(40	)		(754	)
Repayment of long-term debt		(1,500	)		(1,500	)		(1,500	)
Purchases of treasury stock		(2,319	)		(1,928	)		(153	)
Stock issued under dividend reinvestment and employee stock purchase plans		2,515			2,287			2,189
Cash dividends paid		(16,755	)		(13,367	)		(13,249	)
Net cash used in financing activities		(18,059	)		(14,548	)		(13,467	)
Net increase in cash and due from financial institutions		10,002			1,906			562
Cash and due from financial institutions at beginning of year		2,554			648			86
Cash and due from financial institutions at end of year	$	12,556		$	2,554		$	648
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest	$	1,194		$	1,211		$	1,250
Income tax, net of refunds received		1,786			4,626			2,501