PARENT COMPANY CONDENSED FINANCIAL STATEMENTS:

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016, 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, 2017, are as follows: 

	December 31,
(Dollar amounts in thousands)	2017		2016
ASSETS
Cash deposits in affiliated banks	$	3,198	$	2,765
Investments in subsidiaries	414,839		416,024
Land and headquarters building, net	5,193		5,388
Other	—		—
Total Assets	$	423,230	$	424,177
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Dividends payable	$	6,234	$	6,104
Other liabilities	3,427		3,678
TOTAL LIABILITIES	9,661		9,782
Shareholders' Equity	413,569		414,395
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	423,230	$	424,177

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
	Years Ended December 31,
(Dollar amounts in thousands)	2017			2016			2015
Dividends from subsidiaries	$	30,814		$	31,781		$	19,397
Other income	720			722			795
Other operating expenses	(2,647		)	(2,581		)	(2,314		)
Income before income taxes and equity in undistributed earnings of subsidiaries	28,887			29,922			17,878
Income tax benefit	889			821			815
Income before equity in undistributed earnings of subsidiaries	29,776			30,743			18,693
Equity in undistributed earnings of subsidiaries	(645		)	7,670			11,503
Net income	$	29,131		$	38,413		$	30,196
Comprehensive income	$	28,591		$	33,650		$	35,324

CONDENSED STATEMENTS OF CASH FLOWS
	Years Ended December 31,
(Dollar amounts in thousands)	2017			2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	29,131		$	38,413		$	30,196
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	195			200			203
Equity in undistributed earnings	645			(7,670		)	(11,503		)
Contribution of shares to ESOP	1,062			1,361			1,294
Restricted stock compensation	706			684			684
Increase (decrease) in other liabilities	(247		)	(262		)	(1,524		)
(Increase) decrease in other assets	—			12			188
NET CASH FROM OPERATING ACTIVITIES	31,492			32,738			19,538
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of furniture and fixtures	—			—			(65		)
NET CASH FROM INVESTING ACTIVITIES	—			—			(65		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock	(503		)	(19,396		)	(8,698		)
Dividends paid	(30,556		)	(12,359		)	(12,632		)
NET CASH FROM FINANCING ACTIVITES	(31,059		)	(31,755		)	(21,330		)
NET (DECREASE) INCREASE IN CASH	433			983			(1,857		)
CASH, BEGINNING OF YEAR	2,765			1,782			3,639
CASH, END OF YEAR	$	3,198		$	2,765		$	1,782
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest	$	—		$	—		$	—
Income taxes	$	11,158		$	18,739		$	12,869