Condensed Financial Information of Parent Company (Tables)

12 Months Ended

Dec. 31, 2013

	Condensed Balance Sheets
	December 31,
(In thousands)	2013		2012
Assets
Cash and due from banks	$	24,519	$	22,709
Short-term investments		63,063		38,705
Securities available-for-sale, at fair value		317,767		316,771
Loans, net		125,316		156,935
Investments in subsidiary		76,500		67,385
Premises and equipment, net		12,276		10,436
Other assets		120,438		106,247
Total assets	$	739,879	$	719,188
Liabilities and Shareholders' Equity
Liabilities:
Accounts and drafts payable		543,953		522,761
Other liabilities		5,521		22,214
Total liabilities		549,474		544,975
Total shareholders' equity		190,405		174,213
Total liabilities and shareholders' equity	$	739,879	$	719,188

	Condensed Statement of Income
	For the Years Ended December 31,
(In thousands)	2013		2012			2011
Income from subsidiary:
Interest	$	12	$	24		$	18
Management fees		2,119		1,955			1,794
Income from subsidiary		2,131		1,979			1,812
Information services revenue		70,503		66,417			60,688
Net interest income after provision		15,069		17,563			19,933
Gain on sales of investment securities		3,677		3,145			43
Other income		527		535			701
Total income		91,907		89,639			83,177
Expenses:
Salaries and employee benefits		59,004		55,981			50,296
Other expenses		15,027		14,492			14,462
Total expenses		74,031		70,473			64,758
Income before income tax and equity in undistributed income
of subsidiary		17,876		19,166			18,419
Income tax expense		2,381		2,914			3,156
Income before undistributed income of subsidiary		15,495		16,252			15,263
Equity in undistributed income of subsidiary		7,530		7,523			7,746
Intercompany elimination		472		(472	)		-
Net income	$	23,497	$	23,303		$	23,009

	Condensed Statements of Cash Flows
	For the Years Ended December 31,
(In thousands)	2013			2012			2011
Cash flows from operating activities:
Net income	$	23,497		$	23,303		$	23,009
Adjustments to reconcile net income to net cash provided
by (used in) operating activities:
Equity in undistributed income of subsidiary		(7,530	)		(7,523	)		(7,746	)
Net change in other assets		(8,420	)		(3,338	)		(19,669	)
Net change in other liabilities		(2,729	)		5,603			1,655
Amortization of stock-based awards		1,177			1,201			1,390
Other, net		(4,180	)		(2,673	)		(7,497	)
Net cash provided by (used in) operating activities		1,815			16,573			(8,858	)
Cash flows from investing activities:
Net increase in securities		(15,385	)		(7,697	)		(37,329	)
Net decrease in loans		31,619			16,319			19,068
Purchases of premises and equipment, net		(4,050	)		(3,555	)		(2,107	)
Net cash provided by (used in) investing activities		12,184			5,067			(20,368	)
Cash flows from financing activities:
Net increase (decrease) in accounts and drafts payable		21,192			(72,440	)		79,094
Cash dividends paid		(8,510	)		(7,361	)		(6,279	)
Other financing activities		(513	)		(2,454	)		(1,177	)
Net cash provided by (used in) financing activities		12,169			(82,255	)		71,638
Net increase (decrease) in cash and cash equivalents		26,168			(60,615	)		42,412
Cash and cash equivalents at beginning of year		61,414			122,029			79,617
Cash and cash equivalents at end of year	$	87,582		$	61,414		$	122,029