PARENT COMPANY STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2014

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

(000's omitted)	2014		2013
Assets:
Cash and cash equivalents	$	106,957	$	83,783
Investment securities		3,622		3,601
Investment in and advances to subsidiaries		984,561		895,211
Other assets		9,608		8,847
Total assets	$	1,104,748	$	991,442

Liabilities and shareholders' equity:
Accrued interest and other liabilities	$	14,722	$	13,533
Borrowings		102,122		102,097
Shareholders' equity		987,904		875,812
Total liabilities and shareholders' equity	$	1,104,748	$	991,442

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

(000's omitted)	2014		2013			2012
Revenues:
Dividends from subsidiaries	$	61,100	$	66,000		$	0
Interest and dividends on investments		88		91			98
Other income		0		9			198
Total revenues		61,188		66,100			296
Expenses:
Interest on borrowings		2,477		2,520			2,716
Other expenses		37		61			155
Total expenses		2,514		2,581			2,871

(Loss) Income before tax benefit and equity in undistributed net income of subsidiaries		58,674		63,519			(2,575	)
Income tax benefit		581		862			1,274
(Loss) Income before equity in undistributed net income of subsidiaries		59,255		64,381			(1,301	)
Equity in undistributed net income of subsidiaries		32,098		14,448			78,369
Net income	$	91,353	$	78,829		$	77,068
Comprehensive (loss)/income	$	148,619	$	(2,051	)	$	102,237

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

(000's omitted)	2014			2013			2012
Operating activities:
Net income	$	91,353		$	78,829		$	77,068
Adjustments to reconcile net income to net cash provided by operating activities
(Gain)/loss on sale of investments		0			(9	)		0
Equity in undistributed net income of subsidiaries		(32,098	)		(14,448	)		(78,369	)
Net change in other assets and other liabilities		(479	)		(221	)		(746	)
Net cash provided by (used in) operating activities		58,776			64,151			(2,047	)
Investing activities:
Purchase of investment securities		0			0			(3	)
Proceeds from sale of investment securities		3			114			30
Capital contributions to subsidiaries		0			0			(20,081	)
Net cash provided by (used in) investing activities		3			114			(20,054	)
Financing activities:
Issuance of common stock		13,982			19,200			67,813
Purchase of treasury stock		(4,368	)		0			0
Sale of treasury stock		959			0			0
Cash dividends paid		(46,178	)		(43,482	)		(40,765	)
Net cash provided by (used in) financing activities		(35,605	)		(24,282	)		27,048
Change in cash and cash equivalents		23,174			39,983			4,947
Cash and cash equivalents at beginning of year		83,783			43,800			38,853
Cash and cash equivalents at end of year	$	106,957		$	83,783		$	43,800

Supplemental disclosures of cash flow information:
Cash paid for interest	$	2,473		$	2,521		$	2,738
Supplemental disclosures of noncash financing activities
Dividends declared and unpaid	$	12,254		$	11,332		$	10,699