PARENT COMPANY FINANCIAL STATEMENTS

12 Months Ended

Dec. 31, 2017

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

PARENT COMPANY FINANCIAL STATEMENTS

21. PARENT COMPANY FINANCIAL STATEMENTS

Condensed Statements of Financial Condition

	December 31,
	2017		2016
	(Dollars in thousands)
Assets
Cash and deposits with banks	$	4,974	$	25,924
Total cash and cash equivalents		4,974		25,924
Investment in subsidiary-Home Savings		276,494		216,475
Investment in subsidiary-HSB Capital LLC		5,095		3,014
Investment in subsidiary-HSB Insurance LLC		2,463		2,168
Investment in subsidiary-HSB Insurance Inc.		1,316		—
Other assets		3,935		2,878
Total assets	$	294,277	$	250,459
Liabilities and Shareholders’ Equity
Accrued expenses and other liabilities	$	12	$	653
Total liabilities		12		653
Total shareholders’ equity		294,265		249,806
Total liabilities and shareholders’ equity	$	294,277	$	250,459

Condensed Statements of Income and Comprehensive Income

	Year ended December 31,
	2017			2016			2015
	(Dollars in thousands)
Income
Interest income	$	—		$	—		$	—
Non-interest income		—			—			—
Total income		—			—			—
Expenses
Interest expenses		1			—			—
Non-interest expenses		1,046			1,658			1,017
Total expenses		1,047			1,658			1,017
Loss before income taxes		(1,047	)		(1,658	)		(1,017	)
Income tax benefit		(353	)		(481	)		(356	)
Income before equity in undistributed net earnings of subsidiaries		(694	)		(1,177	)		(661	)
Earnings distributed by subsidiaries		15,000			23,500			15,000
Undistributed earnings (loss) of subsidiaries		7,479			(3,495	)		1,943
Net income	$	21,785		$	18,828		$	16,282
Comprehensive income	$	24,492		$	17,008		$	17,060

Condensed Statements of Cash Flows

	Year ended December 31,
	2017			2016			2015
	(Dollars in thousands)
Cash Flows from Operating Activities
Net income	$	21,785		$	18,828		$	16,282
Adjustments to reconcile net income to net cash provided by    operating activities:
(Increase) decrease in undistributed earnings of the subsidiaries		(7,479	)		3,495			(1,943	)
Decrease (increase) in deferred tax assets		682			(481	)		(356	)
(Increase) decrease in other assets		(5,666	)		16			4
Increase (decrease) in other liabilities		(642	)		154			86
Net cash from operating activities		8,680			22,012			14,073
Cash Flows from Investing Activities
Net cash disbursed in the acquisition of Ohio Legacy Corp.		(20,379	)		—			—
Equity investment in HSB Insurance, Inc.		(450	)		—			—
Equity investment in HSB Capital, LLC		(2,000	)		(3,000	)		—
Net cash from investing activities		(22,829	)		(3,000	)		—
Cash Flows from Financing Activities
Issuance of common stock, Long-term Incentive Plan		597			—			—
Purchase of treasury stock		(717	)		(9,596	)		(10,333	)
Dividends paid		(6,960	)		(5,172	)		(3,369	)
Proceeds from the exercise of stock options		279			517			28
Net cash from financing activities		(6,801	)		(14,251	)		(13,674	)
Change in cash and cash equivalents		(20,950	)		4,761			399
Cash and cash equivalents, beginning of year		25,924			21,163			20,764
Cash and cash equivalents, end of year	$	4,974		$	25,924		$	21,163