Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Financial Information

21.  Parent Company Only Financial Information (Dollars in thousands)

CONDENSED BALANCE SHEETS	December 31,
	2014		2013
Assets
Cash	$	1,556	$	1,778
Trading securities		275		276
Investment in bank subsidiary		184,671		161,983
Investment in non-bank subsidiaries		23,720		22,738
Deferred tax asset		529		636
Other assets		2,301		2,240
Total assets	$	213,052	$	189,651
Liabilities
Borrowings from subsidiary	$	1,350	$	1,350
Subordinated debentures		20,620		20,620
Other liabilities		2,534		2,770
Total liabilities		24,504		24,740
Total shareholders’ equity		188,548		164,911
Total liabilities and shareholders’ equity	$	213,052	$	189,651

CONDENSED STATEMENTS OF INCOME	Year Ended December 31,
	2014			2013			2012
Income:
Dividends from:
Bank subsidiary	$	10,675		$	1,875		$	7,990
Non-bank subsidiaries		0			6,674			0
Other		170			208			208
Total income		10,845			8,757			8,198
Expenses		(1,520	)		(1,461	)		(1,457	)
Income before income taxes and equity in undistributed net income of subsidiaries:		9,325			7,296			6,741
Income tax benefit		473			438			438
Equity in undistributed net income of bank subsidiary		12,327			14,080			8,682
Equity in undistributed net income (loss) of non-bank subsidiaries		949			(5,135	)		1,275
Net income	$	23,074		$	16,679		$	17,136

CONDENSED STATEMENTS OF CASH FLOWS	Year Ended December 31,
	2014			2013			2012
Net income
Adjustments to reconcile net income to net cash provided by	$	23,074		$	16,679		$	17,136
operating activities:
Equity in undistributed net income of bank subsidiary		(12,327	)		(14,080	)		(8,682	)
Equity in undistributed (net income) loss of non-bank subsidiaries		(949	)		5,135			(1,275	)
Net unrealized (gains) losses on trading securities		1			(47	)		(54	)
Decrease (increase) in other assets		(13	)		112			47
Increase in other liabilities		601			384			385
Net cash provided by operating activities		10,387			8,183			7,557
Cash flows from investing activities		0			0			0
Cash flows from financing activities:
Dividends paid		(9,521	)		(8,573	)		(8,214	)
Purchase of treasury stock		(1,675	)		0			0
Net proceeds from sale of treasury stock and option exercises		587			739			950
Net advance to subsidiary		0			(600	)		(200	)
Net cash used in financing activities		(10,609	)		(8,434	)		(7,464	)
Net increase (decrease) in cash		(222	)		(251	)		93
Cash beginning of year		1,778			2,029			1,936
Cash end of year	$	1,556		$	1,778		$	2,029