Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Parent Company Condensed Financial Information [Abstract]

Parent Company Statements of Financial Condition

	At December 31,
(Dollars in thousands)	2016		2015
Statements of Financial Condition
Assets:
Cash and cash equivalents	$	12,105	$	30,469
Investment in subsidiary banks		315,181		305,064
Investments in other subsidiaries		2,084		8,444
Other assets		5,499		6,393
Total	$	334,869	$	350,370
Liabilities:
Subordinated debentures		46,393		51,548
Other liabilities		1,847		2,724
Shareholders' Equity:
Common stock and related accounts		286,629		296,098
Total	$	334,869	$	350,370

Parent Company Statements of Operations

	For the Year Ended December 31,
(Dollars in thousands)	2016		2015		2014
Statements of Operations
Income:
Cash dividends from subsidiaries	$	10,052	$	20,046	$	18,045
Noninterest income		25		45		34
Investment income		-		20		1,337
Other operating income		15		25		3
Security gains		-		163		-
Total income		10,092		20,299		19,419
Expense:
Interest on subordinated debentures		1,740		1,566		1,505
Noninterest expense		2,191		1,756		1,317
Total expense		3,931		3,322		2,822
Total income before taxes and equity in
undistributed income of subsidiaries		6,161		16,977		16,597
Taxes on income		(1,377)		(1,167)		(582)
Income before equity in undistributed
income of subsidiaries		7,538		18,144		17,179
Equity in undistributed income (loss) of subsidiaries		10,166		(737)		3,851
Net income	$	17,704	$	17,407	$	21,030

Parent Company Statements of Cash Flows

	For the Year Ended December 31,
(Dollars in thousands)	2016		2015		2014
Statements of Cash Flows
Operating activities:
Net income	$	17,704	$	17,407	$	21,030
Equity in undistributed (income) loss of subsidiaries		(10,166)		737		(3,851)
Other, net		6,823		2,295		2,937
Net cash provided by operating activities		14,361		20,439		20,116
Investing activities:
Available for sale securities:
Purchases		-		-		(1,121)
Sales / Maturities		-		750		2,540
Outlays for business acquisitions		-		(4,697)		-
Other, net		-		(155)		-
Net cash provided by (used in) investing activities		-		(4,102)		1,419
Financing activities:
Net proceeds from issuance of common stock		1,239		682		1,386
Purchases of treasury stock		(22,721)		(8,624)		(10,302)
Common stock dividend		(6,088)		(4,607)		(3,132)
Other, net		(5,155)		5,155		-
Net cash used in financing activities		(32,725)		(7,394)		(12,048)
Net increase (decrease) in cash and cash equivalents		(18,364)		8,943		9,487
Cash and cash equivalents,
Beginning of year		30,469		21,526		12,039
End of year	$	12,105	$	30,469	$	21,526