Parent Company Statements (Tables)

12 Months Ended

Dec. 31, 2017

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	2017		2016
	(In Thousands)
Assets
Cash and cash equivalents	$	8,860	$	23,017
Investment in banking subsidiary		377,546		290,053
Investment in non-bank subsidiaries		22,319		15,456
Other assets		1,157		1,155
Total assets	$	409,882	$	329,681
Liabilities and stockholders’ equity:
Subordinated debentures	$	36,083	$	36,083
Accrued liabilities		513		580
Stockholders’ equity		373,286		293,018
Total liabilities and stockholders’ equity	$	409,882	$	329,681

Condensed Income Statement [Table Text Block]

	Years Ended December 31
Statements of Income	2017		2016		2015
	(In Thousands)
Dividends from subsidiaries	$	15,800	$	24,200	$	30,900
Interest on investments		-		-		1
Interest expense		(1,090)		(753)		(613)
Other income		1		-		1
Noninterest expense		(697)		(644)		(588)
Income before income taxes and equity in earnings of subsidiaries		14,014		22,803		29,701
Income tax credit		(605)		(466)		(397)
Income before equity in earnings of subsidiaries		14,619		23,269		30,098
(Distributions in excess of) undistributed equity in earnings of subsidiaries		17,649		5,574		(3,675)
Net income	$	32,268	$	28,843	$	26,423
Comprehensive income	$	32,270	$	25,436	$	25,931

Condensed Cash Flow Statement [Table Text Block]

	Years Ended December 31
Statements of Cash Flows	2017		2016		2015
	(In Thousands)
Operating activities:
Net income	$	32,268	$	28,843	$	26,423
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Distribution in excess of (undistributed equity in) earnings of subsidiaries		(17,649)		(5,574)		3,675
Change in other assets and liabilities		(358)		235		(205)
Net cash provided by (used in) operating activities		14,261		23,504		29,893
Investing activities:
Cash paid for Commercial Bancshares		(12,340)		-		-
Capital contribution to subsidiary		(6.491)		-		-
Net cash used in investing activities		(18,831)		-		-
Financing activities:
Repurchase of common stock		-		(6,293)		(8,436)
Cash dividends paid		(9,859)		(7,890)		(7,159)
Stock Options Exercised		199		714		1,469
Direct stock sales		73		63		64
Repayment of stock warrants		-		-		(11,979)
Net cash used in financing activities		(9,587)		(13,406)		(26,041)
Net increase (decrease) in cash and cash equivalents		(14,157)		10,098		3,852
Cash and cash equivalents at beginning of year		23,017		12,919		9,067
Cash and cash equivalents at end of year	$	8,860	$	23,017	$	12,919