Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Statements of Condition

STATEMENTS OF CONDITION

	December 31,
	2013		2012
ASSETS
Cash	$	21,788	$	19,510
Trading assets	2,488		2,300
Premises and equipment	4,797		4,846
Investment in subsidiaries:
Bank subsidiary	246,213		253,512
Other subsidiary	8,733		11,108
Amounts receivable from subsidiaries	2,062		2,643
Investments in CCTA and UBCT	1,331		1,331
Other assets	7,278		9,765
Total assets	$	294,690	$	305,015
LIABILITIES AND SHAREHOLDERS’ EQUITY
Amounts due to subsidiaries	$	5	$	88
Junior subordinated debentures	43,922		43,819
Accrued interest and other liabilities	19,667		27,293
Shareholders’ equity	231,096		233,815
Total liabilities and shareholders’ equity	$	294,690	$	305,015

Condensed Statements of Income

STATEMENTS OF INCOME

	Years Ended December 31,
	2013		2012		2011
Operating Income
Dividend income from subsidiaries	$	13,500	$	13,400	$	15,400
Fees from subsidiaries	20,930		20,070		18,048
Other income	270		170		13
Total operating income	34,700		33,640		33,461
Operating Expenses
Salaries and employee benefits	13,354		13,007		11,417
Furniture, equipment and data processing	4,570		3,971		3,296
Interest on borrowings	2,532		2,546		2,614
Depreciation and amortization	1,197		1,196		1,194
Stock-based compensation expense	596		538		1,025
Net occupancy	523		492		473
Other operating expenses	1,454		1,056		822
Total operating expenses	24,226		22,806		20,841
Income before equity in undistributed earnings of subsidiaries and income taxes	10,474		10,834		12,620
Equity in undistributed earnings of subsidiaries	11,233		11,647		12,441
Income before income taxes	21,707		22,481		25,061
Income tax benefit	1,076		947		1,116
Net Income	$	22,783	$	23,428	$	26,177

Condensed Statements of Cash Flows

STATEMENTS OF CASH FLOWS

	Years Ended December 31,
	2013			2012			2011
Operating Activities
Net income	$	22,783		$	23,428		$	26,177
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(11,233		)	(11,647		)	(12,441		)
Depreciation and amortization	1,197			1,196			1,194
Stock-based compensation expense	596			538			1,025
Decrease (increase) in amount receivable from subsidiaries	498			(983		)	(22		)
Increase in other assets	(845		)	(1,334		)	(35		)
Increase in accrued expenses	459			636			3,522
Net cash provided by operating activities	13,455			11,834			19,420
Investing Activities
Purchase of premises and equipment	(896		)	(1,009		)	(1,286		)
Net cash used by investing activities	(896		)	(1,009		)	(1,286		)
Financing Activities
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings and tax benefit	300			(212		)	(134		)
Common stock repurchase	(2,460		)	(2,097		)	(389		)
Cash dividends paid on common stock	(8,121		)	(7,667		)	(11,524		)
Net cash used by financing activities	(10,281		)	(9,976		)	(12,047		)
Net increase in cash	2,278			849			6,087
Cash at beginning of year	19,510			18,661			12,574
Cash at end of year	$	21,788		$	19,510		$	18,661
Supplemental information
Common stock repurchased not yet settled	$	320		$	—		$	—