Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2016

Parent Company Only Financial Information [Abstract]

Condensed Financial Information of Parent Company Only Disclosure

Parent Company Only Financial Information

Condensed Balance Sheets	December 31,
(Dollars in thousands)	2016		2015
Assets:
Cash and due from other banks	$	50	$	50
Interest-bearing deposits in subsidiary bank	7,988		4,437
Due from subsidiary bank	3,255		3,875
Available-for-sale investment securities, at fair value (amortized cost of $1,255 at December 31, 2016 and December 31, 2015)	8,109		5,813
Investments in subsidiaries:
Bank	395,468		385,258
Non-bank	28,730		29,155
Other assets	1,649		1,070
Total assets	$	445,249	$	429,658
Liabilities:
Accrued expenses and other liabilities	$	2,589	$	3,030
Dividends payable	165		103
Mandatorily redeemable capital securities of subsidiary trust	7,234		6,736
Total liabilities	9,988		9,869
Total stockholders' equity	435,261		419,789
Total liabilities and stockholders' equity	$	445,249	$	429,658

Condensed Statements of Income	Year Ended December 31,
(Dollars in thousands)	2016			2015			2014
Income:
Dividends from subsidiary bank	$	20,500		$	17,500		$	21,000
Dividends from non-bank subsidiary	1,250			2,000			500
Interest and other income	209			206			205
Total income	21,959			19,706			21,705
Expenses:
Trust preferred securities expense	397			304			—
Intercompany management fees	1,131			3,171			1,546
Other expense	3,154			5,653			4,578
Total expenses	4,682			9,128			6,124
Income before federal income taxes and equity in (excess dividends from) undistributed earnings of subsidiaries	17,277			10,578			15,581
Applicable income tax benefit	(1,718		)	(3,139		)	(2,102		)
Equity in (excess dividends from) undistributed earnings of subsidiaries	12,162			(2,776		)	(999		)
Net income	$	31,157		$	10,941		$	16,684

Statements of Cash Flows	Year Ended December 31,
(Dollars in thousands)	2016			2015			2014
Operating activities
Net income	$	31,157		$	10,941		$	16,684
Adjustment to reconcile net income to cash provided by operations:
Depreciation, amortization and accretion, net	190			165			—
(Equity in) excess dividends from undistributed earnings of subsidiaries	(12,162		)	2,776			999
Other, net	355			(1,903		)	1,825
Net cash provided by operating activities	19,540			11,979			19,508
Investing activities
Investment in subsidiaries	(22,769		)	(104,584		)	(65,822		)
Decrease (increase) in receivable from subsidiary	23,389			(2,860		)	(187		)
Business combinations, net of cash received	—			83,391			54,386
Net cash provided by (used in) investing activities	620			(24,053		)	(11,623		)
Financing activities
Payments on long-term borrowings	—			(14,400		)	(4,800		)
Purchase of treasury stock	(5,480		)	(741		)	(520		)
Proceeds from issuance of common stock	18			—			40,242
Cash dividends paid	(11,173		)	(10,065		)	(6,767		)
Excess tax benefit for share-based payments	26			51			85
Net cash (used in) provided by financing activities	(16,609		)	(25,155		)	28,240
Net increase (decrease) in cash and cash equivalents	3,551			(37,229		)	36,125
Cash and cash equivalents at the beginning of year	4,487			41,716			5,591
Cash and cash equivalents at the end of year	$	8,038		$	4,487		$	41,716
Supplemental cash flow information:
Interest paid	$	433		$	594		$	672