XML 19 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Condensed Parent Company Financial Statements | 12 Months Ended
--- | ---
Dec. 31, 2011
Condensed Parent Company Financial Statements [Abstract] |
Condensed Parent Company Financial Statements | (17) CONDENSED PARENT COMPANY FINANCIAL STATEMENTS BALANCE SHEETS
|  | December 31, |
|  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
ASSETS |  |  |  |  |  |  |  |
Cash |  | $ | 4,774 |  |  | $ | 3,088 |
Securities |  |  | 199 |  |  |  | 217 |
Premises and equipment, net |  |  | — |  |  |  | 240 |
Investments in subsidiaries |  |  | 511,698 |  |  |  | 493,487 |
Intangible assets |  |  | 450 |  |  |  | 498 |
Dividends receivable |  |  | 5,138 |  |  |  | 4,800 |
Other assets |  |  | 1,654 |  |  |  | 4,827 |
Total assets |  | $ | 523,913 |  |  | $ | 507,157 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Other liabilities |  | $ | 4,789 |  |  | $ | 5,197 |
Long-term borrowings |  |  | — |  |  |  | 14,500 |
Junior subordinated debentures |  |  | 36,083 |  |  |  | 28,866 |
Stockholders' equity |  |  | 483,041 |  |  |  | 458,594 |
Total liabilities and stockholders' equity |  | $ | 523,913 |  |  | $ | 507,157 |
STATEMENTS OF INCOME
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (Dollars in thousands) |
OPERATING INCOME |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 19,011 |  |  | $ | 17,762 |  |  | $ | 16,609 |
Interest on interest-bearing deposits |  |  | 20 |  |  |  | 153 |  |  |  | 228 |
Other |  |  | 88 |  |  |  | (190 | ) |  |  | — |
Total operating income |  |  | 19,119 |  |  |  | 17,725 |  |  |  | 16,837 |
OPERATING EXPENSE |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  | 2,501 |  |  |  | 2,016 |  |  |  | 1,966 |
Other |  |  | 740 |  |  |  | 299 |  |  |  | 236 |
Total operating expense |  |  | 3,241 |  |  |  | 2,315 |  |  |  | 2,202 |
Income before taxes and equity in undistributed earnings of subsidiaries |  |  | 15,878 |  |  |  | 15,410 |  |  |  | 14,635 |
Allocated income tax benefit |  |  | 886 |  |  |  | 689 |  |  |  | 733 |
Income before equity in undistributed earnings of subsidiaries |  |  | 16,764 |  |  |  | 16,099 |  |  |  | 15,368 |
Equity in undistributed earnings of subsidiaries |  |  | 28,857 |  |  |  | 26,210 |  |  |  | 17,241 |
Net income |  | $ | 45,621 |  |  | $ | 42,309 |  |  | $ | 32,609 |
STATEMENTS OF CASH FLOW
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (Dollars in thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 45,621 |  |  | $ | 42,309 |  |  | $ | 32,609 |
Adjustments to reconcile to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (31,856 | ) |  |  | (27,428 | ) |  |  | (18,280 | )
Amortization of stock based compensation arrangements |  |  | 3,075 |  |  |  | 1,218 |  |  |  | 1,038 |
Other, net |  |  | 12,326 |  |  |  | (1,790 | ) |  |  | 450 |
Net cash provided by operating activities |  |  | 29,166 |  |  |  | 14,309 |  |  |  | 15,817 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net cash used for acquisitions |  |  | 11,748 |  |  |  | (26,934 | ) |  |  | (5,452 | )
Purchases of securities |  |  | (2 | ) |  |  | — |  |  |  | — |
Sales and maturities of held for investment and available for sale securities |  |  | 28 |  |  |  | 200 |  |  |  | — |
Other, net |  |  | 240 |  |  |  | — |  |  |  | — |
Net cash provided by (used for) investing activities |  |  | 12,014 |  |  |  | (26,734 | ) |  |  | (5,452 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 1,398 |  |  |  | 2,173 |  |  |  | 740 |
Acquisition of common stock |  |  | (10,799 | ) |  |  | (605 | ) |  |  | — |
Cash dividends paid |  |  | (15,593 | ) |  |  | (14,733 | ) |  |  | (13,774 | )
(Paydown)/issuance of long-term borrowings |  |  | (14,500 | ) |  |  | 14,500 |  |  |  | — |
Net cash (used for) provided by financing activities |  |  | (39,494 | ) |  |  | 1,335 |  |  |  | (13,034 | )
Net increase (decrease) in cash |  |  | 1,686 |  |  |  | (11,090 | ) |  |  | (2,669 | )
Cash at the beginning of the period |  |  | 3,088 |  |  |  | 14,178 |  |  |  | 16,847 |
Cash at the end of the period |  | $ | 4,774 |  |  | $ | 3,088 |  |  | $ | 14,178 |
SUPPLEMENTAL DISCLOSURE |  |  |  |  |  |  |  |  |  |  |  |
Cash paid during the period for interest |  | $ | 2,818 |  |  | $ | 2,039 |  |  | $ | 1,966 |
Cash received during the period for income taxes, net |  | $ | 1,195 |  |  | $ | 1,089 |  |  | $ | 1,366 |

X
- Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration