Parent Company Statements (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed parent company financial statements, which include transactions with subsidiaries, follow:

	December 31
Statements of Financial Condition	2014		2013
	(In Thousands)
Assets
Cash and cash equivalents	$	9,067	$	8,228
Investment in banking subsidiary		291,485		285,813
Investment in non-bank subsidiaries		14,424		13,518
Other assets		1,174		1,774
Total assets	$	316,150	$	309,333
Liabilities and stockholders’ equity:
Subordinated debentures	$	36,083	$	36,083
Accrued liabilities		562		1,103
Stockholders’ equity		279,505		272,147
Total liabilities and stockholders’ equity	$	316,150	$	309,333

Condensed Income Statement [Table Text Block]

	Years Ended December 31
Statements of Income	2014		2013		2012
	(In Thousands)
Dividends from subsidiaries	$	22,200	$	4,500	$	37,300
Interest on investments		-		18		12
Interest expense		(587)		(601)		(971)
Other income		2		1		-
Noninterest expense		(861)		(853)		(1,013)
Income before income taxes and equity in earnings of subsidiaries		20,754		3,065		35,328
Income tax credit		(485)		(415)		(669)
Income before equity in earnings of subsidiaries		21,239		3,480		35,997
Undistributed equity in (distributions in excess of) earnings of subsidiaries		3,053		18,755		(17,333)
Net income	$	24,292	$	22,235	$	18,664
Comprehensive income	$	27,861	$	18,506	$	18,941

Condensed Cash Flow Statement [Table Text Block]

	Years Ended December 31
Statements of Cash Flows	2014		2013		2012
	(In Thousands)
Operating activities:
Net income	$	24,292	$	22,235	$	18,664
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Distribution in excess of (undistributed equity in) earnings of subsidiaries		(3,053)		(18,755)		17,333
Change in other assets and liabilities		59		176		97
Net cash provided by (used in) operating activities		21,298		3,656		36,094
Investing activities:
Investment in non-bank subsidiary		-		-		(250)
Sale of available-for-sale securities		-		1,002		1,000
Net cash provided by investing activities		-		1,002		750
Financing activities:
Repurchase of common stock		(15,519)		(1,821)		-
Cash dividends paid		(5,937)		(3,907)		(3,086)
Stock Options Exercised		921		350		4
Treasury stock sales		76		64		14
Preferred Stock payoff		-		-		(36,358)
Net cash used in financing activities		(20,459)		(5,314)		(39,426)
Net increase (decrease) in cash and cash equivalents		839		(656)		(2,582)
Cash and cash equivalents at beginning of year		8,228		8,884		11,466
Cash and cash equivalents at end of year	$	9,067	$	8,228	$	8,884