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