Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Parent Company Only Financial Information [Abstract]

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS	December 31,
	2012		2011
Assets
Cash	$	2,029	$	1,936
Trading securities		229		175
Investment in bank subsidiary		138,195		126,242
Investment in non-bank subsidiaries		27,796		26,579
Deferred tax asset		883		839
Other assets		2,249		2,313
Total assets	$	171,381	$	158,084
Liabilities
Borrowings from subsidiary	$	1,950	$	2,150
Subordinated debentures		20,620		20,620
Other liabilities		3,447		3,425
Total liabilities		26,017		26,195
Total shareholders’ equity		145,364		131,889
Total liabilities and shareholders’ equity	$	171,381	$	158,084

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME	Year Ended December 31,
Income	2012			2011			2010
Dividends from:
Bank subsidiary	$	7,990		$	7,600		$	6,665
Non-bank subsidiaries		-			-			150
Other		208			146			165
Total income		8,198			7,746			6,980
Expenses		(1,457	)		(1,410	)		(1,383	)
Income before income taxes and equity in undistributed net income of subsidiaries		6,741			6,336			5,597
Income tax benefit		438			443			426
Equity in undistributed net income of bank subsidiary		8,682			7,162			4,463
Equity in undistributed net income of non-bank subsidiaries		1,275			1,163			830
Net income		17,136			15,104			11,316
Other Comprehensive Income:
Net change in unrealized gains/losses on available for sale securities, net of reclassification and tax		3,561			14,441			2,554
Change in actuarial gain, net of amortization and tax, for post-employment health care plan, net of tax		(349	)		(485	)		(245	)
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of tax		(49	)		(522	)		(107	)
Total other comprehensive income		3,163			13,434			2,202
Comprehensive income	$	20,299		$	28,538		$	13,518

CONDENSED STATEMENTS OF CASH FLOWS

CONDENSED STATEMENTS OF CASH FLOWS	Year Ended December 31,
	2012			2011			2010
Net income
Adjustments to reconcile net income to net cash provided by	$	17,136		$	15,104		$	11,316
operating activities:
Equity in undistributed net income of bank subsidiary		(8,682	)		(7,162	)		(4,463	)
Equity in undistributed (net income) loss of non-bank subsidiaries		(1,275	)		(1,163	)		(830	)
Net unrealized (gains) losses on securities for which fair value was elected		(54	)		2			(12	)
Decrease (increase) in other assets		47			39			(172	)
Increase in other liabilities		384			334			202
Net cash provided by operating activities		7,556			7,154			6,041
Cash flows from investing activities:
Capital transfer to subsidiaries		-			-			(29,130	)
Purchase of securities		-			(100	)		-
Net cash used in investing activities		-			(100	)		(29,130	)
Cash flows from financing activities:
Dividends paid		(8,214	)		(8,125	)		(6,933	)
Proceeds from sale of treasury stock and option exercises, including tax benefit		951			1,447			1,269
Proceeds from stock offering, net of issuance costs		-			-			32,128
Repayment of long-term borrowing		-			-			(3,500	)
Net advance to (repayment from) subsidiary		(200	)		400			250
Net cash provided by (used in) financing activities		(7,463	)		(6,278	)		23,214
Net increase in cash		93			776			125
Cash beginning of year		1,936			1,160			1,035
Cash end of year	$	2,029		$	1,936		$	1,160