Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2016

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,
	2016		2015
Assets
Cash	$	1,436	$	1,557
Trading securities		529		434
Investment in bank subsidiary		257,476		197,226
Investment in non-bank subsidiaries		23,324		24,345
Deferred tax asset		1,066		482
Other assets		2,666		2,106
Total assets	$	286,497	$	226,150
Liabilities
Borrowings from subsidiary	$	1,400	$	1,350
Subordinated debentures		70,620		20,620
Other liabilities		2,693		2,267
Total liabilities		74,713		24,237
Total shareholders’ equity		211,784		201,913
Total liabilities and shareholders’ equity	$	286,497	$	226,150

CONDENSED STATEMENTS OF INCOME	Year Ended December 31,
Income:		2016			2015			2014
Dividends from:
Bank subsidiary	$	8,700		$	10,404		$	10,675
Non-bank subsidiaries		1,200			323			0
Other		230			157			170
Total income		10,130			10,884			10,845
Expenses		(2,611	)		(1,708	)		(1,520	)
Income before income taxes and equity in undistributed net income of subsidiaries:		7,519			9,176			9,325
Income tax benefit		813			547			473
Equity in undistributed net income of bank subsidiary		13,184			11,889			12,327
Equity in undistributed net income (loss) of non-bank subsidiaries		(976	)		585			949
Net income	$	20,540		$	22,197		$	23,074

CONDENSED STATEMENTS OF CASH FLOWS	Year Ended December 31,
	2016			2015			2014
Net income
Adjustments to reconcile net income to net cash provided by	$	20,540		$	22,197		$	23,074
operating activities:
Equity in undistributed net income of bank subsidiary		(13,184	)		(11,889	)		(12,327	)
Equity in undistributed net income (distributions in excess of net income) of non-bank subsidiaries		976			(585	)		(949	)
Net unrealized (gains) losses on trading securities		(58	)		(11	)		1
Decrease (increase) in other assets		(1,277	)		9			(13	)
Increase in other liabilities		1,645			663			601
Net cash provided by operating activities		8,642			10,384			10,387
Cash flows from investing activities
Investment in bank subsidiaries		(49,223	)		0			0
Net cash used in investing activities		(49,223	)		0			0
Cash flows from financing activities:
Dividends paid		(9,546	)		(9,515	)		(9,521	)
Proceeds from issuance of long term debt		50,000			0			0
Purchase of treasury stock		(44	)		(868	)		(1,675	)
Net proceeds from sale of treasury stock and option exercises		0			0			587
Net advance from subsidiary		50			0			0
Net cash used in financing activities		40,460			(10,383	)		(10,609	)
Net increase (decrease) in cash		(121	)		1			(222	)
Cash beginning of year		1,557			1,556			1,778
Cash end of year	$	1,436		$	1,557		$	1,556