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PARENT COMPANY CONDENSED FINANCIAL STATEMENTS:
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
PARENT COMPANY CONDENSED FINANCIAL STATEMENTS
PARENT COMPANY CONDENSED FINANCIAL STATEMENTS:
 
The parent company’s condensed balance sheets as of December 31, 2015 and 2014, and the related condensed statements of income and comprehensive income and cash flows for each of the three years in the period ended December 31, 2015, are as follows: 
 
 
December 31,
(Dollar amounts in thousands)
 
2015
 
2014
ASSETS
 
 

 
 

Cash deposits in affiliated banks
 
$
1,782

 
$
3,639

Investments in subsidiaries
 
413,117

 
396,486

Land and headquarters building, net
 
5,588

 
5,791

Other
 
12

 
103

Total Assets
 
$
420,499

 
$
406,019

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 

 
 

Liabilities
 
 

 
 

Dividends payable
 
$
6,243

 
$
6,341

Other liabilities
 
3,940

 
5,464

TOTAL LIABILITIES
 
10,183

 
11,805

Shareholders' Equity
 
410,316

 
394,214

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
 
$
420,499

 
$
406,019


CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
 
 
 
 
 
 
Years Ended December 31,
(Dollar amounts in thousands)
 
2015
 
2014
 
2013
Dividends from subsidiaries
 
$
19,397

 
$
26,530

 
$
7,130

Other income
 
795

 
724

 
1,144

Other operating expenses
 
(2,314
)
 
(2,747
)
 
(3,113
)
Income before income taxes and equity in undistributed earnings of subsidiaries
 
17,878

 
24,507

 
5,161

Income tax benefit
 
815

 
1,156

 
988

Income before equity in undistributed earnings of subsidiaries
 
18,693

 
25,663

 
6,149

Equity in undistributed earnings of subsidiaries
 
11,503

 
8,109

 
25,385

Net income
 
$
30,196

 
$
33,772

 
$
31,534

 
 
 
 
 
 
 
Comprehensive income
 
$
35,324

 
$
33,212

 
$
25,037


 
CONDENSED STATEMENTS OF CASH FLOWS
 
 
 
 
 
 
 
 
Years Ended December 31,
(Dollar amounts in thousands)
 
2015
 
2014
 
2013
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 

 
 

 
 

Net Income
 
$
30,196

 
$
33,772

 
$
31,534

Adjustments to reconcile net income to net cash provided by operating activities:
 
 

 
 

 
 

Depreciation and amortization
 
203

 
196

 
173

Equity in undistributed earnings
 
(11,503
)
 
(8,109
)
 
(25,385
)
Contribution of shares to ESOP
 
1,294

 
1,253

 
1,218

Securities (gains) losses
 

 

 
(420
)
Restricted stock compensation
 
684

 
1,072

 
611

Increase (decrease) in other liabilities
 
(1,524
)
 
(473
)
 
(512
)
(Increase) decrease in other assets
 
188

 
155

 
485

NET CASH FROM OPERATING ACTIVITIES
 
19,538

 
27,866

 
7,704

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 

 
 

 
 

Sales of securities available-for-sale
 

 

 
740

Purchase of furniture and fixtures
 
(65
)
 
(1,299
)
 
(5
)
NET CASH FROM INVESTING ACTIVITIES
 
(65
)
 
(1,299
)
 
735

CASH FLOWS FROM FINANCING ACTIVITIES:
 
 

 
 

 
 

Purchase of treasury stock
 
(8,698
)
 
(14,633
)
 

Dividends paid
 
(12,632
)
 
(12,949
)
 
(12,766
)
NET CASH FROM FINANCING ACTIVITES
 
(21,330
)
 
(27,582
)
 
(12,766
)
NET (DECREASE) INCREASE IN CASH
 
(1,857
)
 
(1,015
)
 
(4,327
)
CASH, BEGINNING OF YEAR
 
3,639

 
4,654

 
8,981

CASH, END OF YEAR
 
$
1,782

 
$
3,639

 
$
4,654

Supplemental disclosures of cash flow information:
 
 

 
 

 
 

Cash paid during the year for:
 
 

 
 

 
 

Interest
 
$

 
$

 
$

Income taxes
 
$
12,869

 
$
9,354

 
$
13,822