Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Parent Company Condensed Financial Information [Abstract]

Parent Company Statements of Financial Condition

	At December 31,
(Dollars in thousands)	2014		2013
Statements of Financial Condition
Assets:
Cash and cash equivalents	$	21,526	$	12,039
Investment in subsidiary banks		280,754		273,849
Investments in other subsidiaries		8,294		8,284
Investment securities, available for sale		759		3,161
Other assets		8,061		10,909
Total	$	319,394	$	308,242
Liabilities:
Subordinated debentures		46,393		46,393
Other liabilities		2,215		2,662
Shareholders' Equity:
Common stock and related accounts		270,786		259,187
Total	$	319,394	$	308,242

Parent Company Statements of Operations

	For the Year Ended December 31,
(Dollars in thousands)	2014		2013		2012
Statements of Operations
Income:
Cash dividends from subsidiaries	$	18,045	$	19,625	$	70,175
Noninterest income		34		333		595
Investment income		1,337		243		340
Other operating income		3		-		-
Total income		19,419		20,201		71,110
Expense:
Interest on subordinated debentures		1,505		4,168		5,463
Noninterest expense		1,317		1,808		3,187
Total expense		2,822		5,976		8,650
Total income before taxes and equity in
undistributed income of subsidiaries		16,597		14,225		62,460
Taxes on income		(582)		(2,027)		(2,900)
Income before equity in undistributed
income of subsidiaries		17,179		16,252		65,360
Equity in undistributed income (loss) of subsidiaries		3,851		1,183		(49,173)
Net income	$	21,030	$	17,435	$	16,187

Parent Company Statements of Cash Flows

	For the Year Ended December 31,
(Dollars in thousands)	2014		2013		2012
Statements of Cash Flows
Operating activities:
Net income	$	21,030	$	17,435	$	16,187
Equity in undistributed (income) loss of subsidiaries		(3,851)		(1,183)		49,173
Other, net		2,937		(2,341)		(5,437)
Net cash provided by operating activities		20,116		13,911		59,923
Investing activities:
Available for sale securities:
Purchases		(1,121)		-		(247)
Sales / Maturities		2,540		32		-
Investment in/capital contribution to other subsidiaries		-		15,000		-
Net cash provided by (used in) investing activities		1,419		15,032		(247)
Financing activities:
Net proceeds from issuance of common stock		1,386		2,708		925
Redemption of subordinated debentures		-		(35,570)		-
Purchases of treasury stock		(10,302)		-		-
Common stock dividend		(3,132)		-		-
Preferred stock dividend		-		-		(74,330)
Other, net		-		(2,287)		(76)
Net cash used in financing activities		(12,048)		(35,149)		(73,481)
Net increase (decrease) in cash and cash equivalents		9,487		(6,206)		(13,805)
Cash and cash equivalents,
Beginning of year		12,039		18,245		32,050
End of year	$	21,526	$	12,039	$	18,245