XML 64 R51.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 22 - Parent Company Only Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
Condensed Statements of Financial Condition |  | December 31, 2017 |  | December 31, 2016
|  | (Dollars in thousands)
Assets: |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 10,198 |  |  | $ | 13,972 |
Securities available for sale: |  |  |  |  |  |  |  |
Other securities ($1,110 and $1,019 at fair value pursuant to the fair value option at December 31, 2017 and 2016, respectively) |  |  | 1,110 |  |  |  | 1,317 |
Interest receivable |  |  | - |  |  |  | 4 |
Investment in Bank |  |  | 634,056 |  |  |  | 612,374 |
Goodwill |  |  | 2,185 |  |  |  | 2,185 |
Other assets |  |  | 3,645 |  |  |  | 3,704 |
Total assets |  | $ | 651,194 |  |  | $ | 633,556 |
Liabilities: |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 73,699 |  |  | $ | 73,414 |
Junior subordinated debentures, at fair value |  |  | 36,986 |  |  |  | 33,959 |
Other liabilities |  |  | 7,901 |  |  |  | 12,330 |
Total liabilities |  |  | 118,586 |  |  |  | 119,703 |
Stockholders' Equity: |  |  |  |  |  |  |  |
Preferred stock |  |  | - |  |  |  | - |
Common stock |  |  | 315 |  |  |  | 315 |
Additional paid-in capital |  |  | 217,906 |  |  |  | 214,462 |
Treasury stock, at average cost (2,942,329 shares and 2,897,691 at December 31, 2017 and 2016, respectively) |  |  | (57,675 | ) |  |  | (53,754 | )
Retained earnings |  |  | 381,048 |  |  |  | 361,192 |
Accumulated other comprehensive loss, net of taxes |  |  | (8,986 | ) |  |  | (8,362 | )
Total equity |  |  | 532,608 |  |  |  | 513,853 |
Total liabilities and equity |  | $ | 651,194 |  |  | $ | 633,556 |
Condensed Income Statement [Table Text Block] |
|  | For the years ended December 31,
Condensed Statements of Income |  | 2017 |  | 2016 |  | 2015
|  | (In thousands)
Dividends from the Bank |  | $ | 21,500 |  |  | $ | 24,000 |  |  | $ | 26,000 |
Interest income |  |  | 505 |  |  |  | 247 |  |  |  | 242 |
Interest expense |  |  | (5,860 | ) |  |  | (1,324 | ) |  |  | (1,075 | )
Net loss from fair value adjustments |  |  | (2,903 | ) |  |  | (4,761 | ) |  |  | (231 | )
Other operating expenses |  |  | (1,354 | ) |  |  | (1,611 | ) |  |  | (1,298 | )
Income before taxes and equity in undistrib uted earnings of subsidiary |  |  | 11,888 |  |  |  | 16,551 |  |  |  | 23,638 |
Income tax benefit |  |  | 6,926 |  |  |  | 3,198 |  |  |  | 687 |
Income before equity in undistributed earnings of subsidiary |  |  | 18,814 |  |  |  | 19,749 |  |  |  | 24,325 |
Equity in undistributed earnings of the Bank |  |  | 22,307 |  |  |  | 45,167 |  |  |  | 21,884 |
Net income |  |  | 41,121 |  |  |  | 64,916 |  |  |  | 46,209 |
Other comprehensive loss, net of tax |  |  | (624 | ) |  |  | (2,800 | ) |  |  | (2,655 | )
Comprehensive income |  | $ | 40,497 |  |  | $ | 62,116 |  |  | $ | 43,554 |
Condensed Cash Flow Statement [Table Text Block] |
|  | For the years ended December 31,
Condensed Statements of Cash Flows |  | 2017 |  | 2016 |  | 2015
|  | (In thousands)
Operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 41,121 |  |  | $ | 64,916 |  |  | $ | 46,209 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of the Bank |  |  | (22,307 | ) |  |  | (45,167 | ) |  |  | (21,884 | )
Deferred income tax (benefit) provision |  |  | (3,990 | ) |  |  | (2,316 | ) |  |  | 575 |
Fair value adjustments for financial assets and financial liabilities |  |  | 2,903 |  |  |  | 4,761 |  |  |  | 231 |
Stock-based compensation expense |  |  | 5,990 |  |  |  | 5,120 |  |  |  | 4,676 |
Net change in operating assets and liabilities |  |  | 2,453 |  |  |  | 3,318 |  |  |  | 2,174 |
Net cash provided by operating activities |  |  | 26,170 |  |  |  | 30,632 |  |  |  | 31,981 |
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Investment in Bank |  |  | - |  |  |  | (66,497 | ) |  |  | - |
Proceeds from sales and calls of securities available for sale |  |  | 300 |  |  |  | - |  |  |  | - |
Net cash provided (used in) investing activities |  |  | 300 |  |  |  | (66,497 | ) |  |  | - |
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of subordinated debt, net |  |  | - |  |  |  | 73,402 |  |  |  | - |
Purchase of treasury stock |  |  | (9,290 | ) |  |  | (9,858 | ) |  |  | (15,605 | )
Cash dividends paid |  |  | (20,954 | ) |  |  | (19,689 | ) |  |  | (18,616 | )
Stock options exercised |  |  | - |  |  |  | 328 |  |  |  | 145 |
Net cash (used in) provided by financing activities |  |  | (30,244 | ) |  |  | 44,183 |  |  |  | (34,076 | )
Net (decrease) increase in cash and cash equivalents |  |  | (3,774 | ) |  |  | 8,318 |  |  |  | (2,095 | )
Cash and cash equivalents, beginning of year |  |  | 13,972 |  |  |  | 5,654 |  |  |  | 7,749 |
Cash and cash equivalents, end of year |  | $ | 10,198 |  |  | $ | 13,972 |  |  | $ | 5,654 |

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration