Condensed Financial Information of Parent Company (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Following are the condensed balance sheets of the Company (parent company only) and the related condensed statements of income and cash flows.

	Condensed Balance Sheets
	December 31,
(In thousands)	2017		2016
Assets
Cash and due from banks	$	56,462	$	45,464
Short-term investments		48,324		107,898
Securities available-for-sale, at fair value		470,523		390,552
Loans, net		12,239		47,184
Investments in subsidiaries		113,681		101,824
Premises and equipment, net		20,927		20,375
Other assets		199,865		161,317
Total assets	$	922,021	$	874,614
Liabilities and Shareholders’ Equity
Liabilities:
Accounts and drafts payable	$	661,342	$	640,945
Other liabilities		35,533		25,415
Total liabilities		696,875		666,360
Total shareholders’ equity		225,146		208,254
Total liabilities and shareholders’ equity	$	922,021	$	874,614

Schedule of Condensed Statements of Income

	Condensed Statements of Income
	For the Years Ended December 31,
(In thousands)	2017		2016		2015
Income from subsidiaries:
Interest	$	—	$	2	$	12
Management fees		2,172		2,105		2,201
Income from subsidiaries		2,172		2,107		2,213
Information services revenue		93,133		83,543		78,488
Net interest income after provision		13,217		13,389		13,948
Gain on sales of investment securities		—		387		2,910
Other income		483		504		613
Total income		109,005		99,930		98,172
Expenses:
Salaries and employee benefits		70,409		65,968		63,475
Other expenses		20,333		18,133		16,580
Total expenses		90,742		84,101		80,055
Income before income tax and equity in undistributed income of subsidiaries		18,263		15,829		18,117
Income tax expense		4,394		1,540		2,950
Income before undistributed income of subsidiaries		13,869		14,289		15,167
Equity in undistributed income of subsidiaries		11,145		10,059		7,889
Net income	$	25,014	$	24,348	$	23,056

Schedule of Condensed Statements of Cash Flows

	Condensed Statements of Cash Flows
	For the Years Ended December 31,
(In thousands)	2017			2016			2015
Cash flows from operating activities:
Net income	$	25,014		$	24,348		$	23,056
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed income of subsidiaries		(11,145	)		(10,059	)		(7,889	)
Net change in other assets		(41,013	)		(7,085	)		16,100
Net change in other liabilities		10,118			6,683			(2,779	)
Amortization of stock-based awards		1,743			1,677			1,504
Other, net		9,219			7,558			10,389
Net cash (used in) provided by operating activities		(6,064	)		23,122			40,381
Cash flows from investing activities:
Net increase in securities		(80,621	)		(33,025	)		(23,472	)
Net decrease in loans		34,944			40,431			28,343
Purchases of premises and equipment, net		(4,020	)		(4,557	)		(5,708	)
Net cash (used in) provided by investing activities		(49,697	)		2,849			(837	)
Cash flows from financing activities:
Net increase (decrease) in accounts and drafts payable		20,397			64,026			(78,439	)
Cash dividends paid		(10,675	)		(9,979	)		(9,697	)
Purchase of common shares for treasury		(2,270	)		(9,215	)		(10,951	)
Other financing activities		(267	)		1,705			66
Net cash provided by (used in) financing activities		7,185			46,537			(99,021	)
Net increase (decrease) in cash and cash equivalents		(48,576	)		72,508			(59,477	)
Cash and cash equivalents at beginning of year		153,362			80,854			140,331
Cash and cash equivalents at end of year	$	104,786		$	153,362		$	80,854