PARENT COMPANY STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2012

The condensed balance sheets of the parent company at December 31 are as follows:

(000's omitted)	2012		2011
Assets:
Cash and cash equivalents	$	43,800	$	38,853
Investment securities		3,587		3,572
Investment in and advances to subsidiaries		961,718		838,130
Other assets		8,613		8,145
Total assets	$	1,017,718	$	888,700

Liabilities and shareholders' equity:
Accrued interest and other liabilities	$	12,867	$	12,069
Borrowings		102,073		102,048
Shareholders' equity		902,778		774,583
Total liabilities and shareholders' equity	$	1,017,718	$	888,700

The condensed statements of income of the parent company for the years ended December 31 is as follows:

(000's omitted)	2012			2011		2010
Revenues:
Dividends from subsidiaries	$	0		$	52,251	$	3,500
Interest and dividends on investments		98			87		345
Other income		198			0		2
Total revenues		296			52,338		3,847

Expenses:
Interest on borrowings		2,716			5,815		5,960
Other expenses		155			273		14
Total expenses		2,871			6,088		5,974

(Loss) Income before tax benefit and equity in undistributed net income of subsidiaries		(2,575	)		46,250		(2,127	)
Income tax benefit		1,274			2,237		2,131
(Loss) Income before equity in undistributed net income of subsidiaries		(1,301	)		48,487		4
Equity in undistributed net income of subsidiaries		78,369			24,655		63,316
Net income	$	77,068		$	73,142	$	63,320

The statements of cash flows of the parent company for the years ended December 31 is as follows:

(000's omitted)	2012			2011			2010
Operating activities:
Net income		77,068			73,142			63,320
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed net income of subsidiaries		(78,369	)		(24,655	)		(63,316	)
Net change in other assets and other liabilities		(746	)		(504	)		(2,397	)
Net cash provided by (used in) operating activities		(2,047	)		47,983			(2,393	)
Investing activities:
Purchase of investment securities		(3	)		0			(10	)
Proceeds from sale of investment securities		30			2			0
Repayments from subsidiaries, net		0			51			1,712
Capital contributions to subsidiaries		(20,081	)		(102,462	)		0
Net cash (used in) provided by investing activities		(20,054	)		(102,409	)		1,702
Financing activities:
Issuance of common stock		67,813			91,714			9,957
Cash dividends paid		(40,765	)		(34,404	)		(30,394	)
Net cash provided by (used in) financing activities		27,048			57,310			(20,437	)
Change in cash and cash equivalents		4,947			2,884			(21,128	)
Cash and cash equivalents at beginning of year		38,853			35,969			57,097
Cash and cash equivalents at end of year		43,800			38,853			35,969

Supplemental disclosures of cash flow information:
Cash paid for interest		2,738			5,959			5,960
Supplemental disclosures of noncash financing activities
Dividends declared and unpaid		10,699			9,609			7,976