PARENT COMPANY STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2013

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

(000's omitted)	2013		2012
Assets:
Cash and cash equivalents	$	83,783	$	43,800
Investment securities		3,601		3,587
Investment in and advances to subsidiaries		895,211		961,718
Other assets		8,847		8,613
Total assets	$	991,442	$	1,017,718

Liabilities and shareholders' equity:
Accrued interest and other liabilities	$	13,533	$	12,867
Borrowings		102,097		102,073
Shareholders' equity		875,812		902,778
Total liabilities and shareholders' equity	$	991,442	$	1,017,718

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

(000's omitted)	2013			2012			2011
Revenues:
Dividends from subsidiaries	$	66,000		$	0		$	52,251
Interest and dividends on investments		91			98			87
Other income		9			198			0
Total revenues		66,100			296			52,338
Expenses:
Interest on borrowings		2,520			2,716			5,815
Other expenses		61			155			273
Total expenses		2,581			2,871			6,088

(Loss) Income before tax benefit and equity in undistributed net income of subsidiaries		63,519			(2,575	)		46,250
Income tax benefit		862			1,274			2,237
(Loss) Income before equity in undistributed net income of subsidiaries		64,381			(1,301	)		48,487
Equity in undistributed net income of subsidiaries		14,448			78,369			24,655
Net income	$	78,829		$	77,068		$	73,142
Comprehensive (loss)/income	$	(2,051	)	$	102,237		$	111,647

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

(000's omitted)	2013			2012			2011
Operating activities:
Net income	$	78,829		$	77,068		$	73,142
Adjustments to reconcile net income to net cash provided by operating activities
(Gain)/loss on sale of investments		(9	)		0			0
Equity in undistributed net income of subsidiaries		(14,448	)		(78,369	)		(24,655	)
Net change in other assets and other liabilities		(221	)		(746	)		(504	)
Net cash provided by (used in) operating activities		64,151			(2,047	)		47,983
Investing activities:
Purchase of investment securities		0			(3	)		0
Proceeds from sale of investment securities		114			30			2
Repayments from subsidiaries, net		0			0			51
Capital contributions to subsidiaries		0			(20,081	)		(102,462	)
Net cash provided by (used in) investing activities		114			(20,054	)		(102,409	)
Financing activities:
Issuance of common stock		19,200			67,813			91,714
Cash dividends paid		(43,482	)		(40,765	)		(34,404	)
Net cash provided by (used in) financing activities		(24,282	)		27,048			57,310
Change in cash and cash equivalents		39,983			4,947			2,884
Cash and cash equivalents at beginning of year		43,800			38,853			35,969
Cash and cash equivalents at end of year	$	83,783		$	43,800		$	38,853

Supplemental disclosures of cash flow information:
Cash paid for interest	$	2,521		$	2,738		$	5,959
Supplemental disclosures of noncash financing activities
Dividends declared and unpaid	$	11,332		$	10,699		$	9,609