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Parent Company Financial Information
 12 Months Ended
Dec. 31, 2019
Parent Company Financial Information [Abstract]  
Parent Company Financial Information
22.          Parent Company Financial Information

Condensed Balance Sheets


  
December 31,
  
(In thousands)
  
2019
    
2018
  
Assets
            
Cash and cash equivalents
  
$
9,387
    
$
5,876
  
Equity securities, at estimated fair value
    
22,441
      
18,221
  
Investment in subsidiaries, on equity basis
    
1,209,752
      
1,117,350
  
Other assets
    
30,855
      
34,237
  
Total assets
  
$
1,272,435
    
$
1,175,684
  
Liabilities and Stockholders’ Equity
                
Total liabilities
  
$
152,038
    
$
157,775
  
Stockholders’ equity
    
1,120,397
      
1,017,909
  
Total liabilities and stockholders’ equity
  
$
1,272,435
    
$
1,175,684
  

Condensed Statements of Income


  
Years ended December 31,
  
(In thousands)
  
2019
    
2018
    
2017
  
Dividends from subsidiaries
  
$
50,200
    
$
43,000
    
$
38,300
  
Management fee from subsidiaries
    
7,981
      
7,907
      
99,319
  
Net securities gains
    
165
      
399
      
2,237
  
Interest, dividends and other income
    
876
      
905
      
928
  
Total revenue
  
$
59,222
    
$
52,211
    
$
140,784
  
Operating expenses
    
14,262
      
14,226
      
100,667
  
Income before income tax benefit and equity in undistributed income of subsidiaries
  
$
44,960
    
$
37,985
    
$
40,117
  
Income tax (benefit) expense
    
(1,588
)
    
(1,608
)
    
2,233
  
Dividends in excess of income (equity in undistributed income) of subsidiaries
    
74,473
      
72,973
      
44,267
  
Net income
  
$
121,021
    
$
112,566
    
$
82,151
  

Condensed Statements of Cash Flow

  
Years ended December 31,
  
(In thousands)
  
2019
    
2018
    
2017
  
Operating activities
                  
Net income
  
$
121,021
    
$
112,566
    
$
82,151
  
Adjustments to reconcile net income to net cash provided by operating activities
                        
Depreciation and amortization of premises and equipment
    
2,298
      
2,814
      
2,974
  
Excess tax benefit on stock-based compensation
    
(409
)
    
(543
)
    
(1,769
)
Stock-based compensation expense
    
4,210
      
3,936
      
3,644
  
Net securities gains
    
(165
)
    
(399
)
    
(2,238
)
Re-evaluation of deferred tax amounts from Tax Act
    
-
      
-
      
3,339
  
Equity in undistributed income of subsidiaries
    
(124,673
)
    
(115,972
)
    
(82,567
)
Cash dividend from subsidiaries
    
50,200
      
43,000
      
38,300
  
Bank owned life insurance income
    
(398
)
    
(424
)
    
(328
)
Net change in other assets and other liabilities
    
(1,573
)
    
(6,124
)
    
(2,454
)
Net cash provided by operating activities
  
$
50,511
    
$
38,854
    
$
41,052
  
Investing activities
                        
Proceeds on sales of equity securities
  
$
-
    
$
3,318
    
$
-
  
Purchases of equity securities
    
(93
)
    
(2
)
    
-
  
Proceeds on sales and maturities of AFS securities
    
-
      
-
      
4,710
  
Purchases of AFS securities
    
-
      
-
      
(9
)
Proceeds from settlement of bank owned life insurance
    
-
      
-
      
308
  
Net purchases of premises and equipment
    
-
      
-
      
(2,264
)
Net cash (used in) provided by investing activities
  
$
(93
)
  
$
3,316
    
$
2,745
  
Financing activities
                        
Proceeds from the issuance of shares to employee and other stock plans
  
$
725
    
$
1,296
    
$
3,309
  
Cash paid by employer for tax-withholding on stock issuance
    
(1,622
)
    
(1,893
)
    
(3,582
)
Cash dividends
    
(46,010
)
    
(43,269
)
    
(40,104
)
Net cash (used in) financing activities
  
$
(46,907
)
  
$
(43,866
)
  
$
(40,377
)
Net increase (decrease) in cash and cash equivalents
  
$
3,511
    
$
(1,696
)
  
$
3,420
  
Cash and cash equivalents at beginning of year
    
5,876
      
7,572
      
4,152
  
Cash and cash equivalents at end of year
  
$
9,387
    
$
5,876
    
$
7,572
  

A statement of changes in stockholders’ equity has not been presented since it is the same as the consolidated statement of changes in stockholders’ equity previously presented.