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Note 22 - Parent Company Only Financial Information | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Condensed Financial Statements [Text Block] | 22. Parent Company Only Financial Information Earnings of the Bank are recognized by the Holding Company using the equity method of accounting. Accordingly, earnings of the Bank are recorded as increases in the Holding Company’s investment, any dividends would reduce the Holding Company’s investment in the Bank, and any changes in the Bank’s unrealized gain or loss on securities available for sale, net of taxes, would increase or decrease, respectively, the Holding Company’s investment in the Bank. The condensed financial statements for the Holding Company are presented below:
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 |
|  | 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 |
|  | 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 |

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