XML 50 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6

Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Parent Company Financial Statements [Abstract]

Summary of balance sheet of parent company

BALANCE SHEETS

		December 31,
		2012				2011
		(Dollars in thousands)
ASSETS
Cash		$	19,635			$	4,774
Securities			266				199
Investments in subsidiaries			523,312				511,698
Goodwill			450				450
Dividends receivable			1,465				5,138
Other assets			1,995				1,654
Total assets		$	547,123			$	523,913
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities		$	752			$	4,789
Junior subordinated debentures			26,804				36,083
Stockholders’ equity			519,567				483,041
Total liabilities and stockholders’ equity		$	547,123			$	523,913

Summary of income statement of parent company

STATEMENTS OF INCOME

		Year Ended December 31,
		2012				2011				2010
		(Dollars in thousands)
OPERATING INCOME
Dividends from subsidiaries		$	20,784			$	19,011			$	17,762
Interest on interest-bearing deposits			57				20				153
Other			—				88				(190	)
Total operating income			20,841				19,119				17,725
OPERATING EXPENSE
Interest			2,134				2,501				2,016
Other			942				740				299
Total operating expense			3,076				3,241				2,315
Income before taxes and equity in undistributed earnings of subsidiaries			17,765				15,878				15,410
Allocated income tax benefit			1,371				886				689
Income before equity in undistributed earnings of subsidiaries			19,136				16,764				16,099
Equity in undistributed earnings of subsidiaries			34,281				31,856				27,428
Amortization of stock-based compensation arrangements of subsidiaries			(1,517	)			(2,999	)			(1,218	)
Net income		$	51,900			$	45,621			$	42,309

Summary of cash flow of parent company

STATEMENTS OF CASH FLOW

		Year Ended December 31,
		2012				2011				2010
		(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$	51,900			$	45,621			$	42,309
Adjustments to reconcile to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries			(34,281	)			(31,856	)			(27,428	)
Amortization of stock-based compensation arrangements			1,517				2,999				1,218
Other, net			2,944				12,402				(1,790	)
Net cash provided by operating activities			22,080				29,166				14,309
INVESTING ACTIVITIES
Net cash provided by (used for) acquisitions			19,866				11,748				(26,934	)
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			19,866				12,014				(26,734	)
FINANCING ACTIVITIES
Issuance of common stock			3,540				1,398				2,173
Common stock acquired			(256	)			(10,799	)			(605	)
Cash dividends paid			(21,090	)			(15,593	)			(14,733	)
Redeemption of Junior Subordinated Debentures			(9,279	)			—				—
(Paydown)/issuance of long-term borrowings			—				(14,500	)			14,500
Net cash (used for) provided by financing activities			(27,085	)			(39,494	)			1,335
Net increase (decrease) in cash			14,861				1,686				(11,090	)
Cash and due from banks at the beginning of the period			4,774				3,088				14,178
Cash and due from banks at the end of the period		$	19,635			$	4,774			$	3,088
SUPPLEMENTAL DISCLOSURE
Cash paid during the period for interest		$	2,128			$	2,818			$	2,039
Cash received during the period for income taxes, net		$	1,884			$	1,195			$	1,089

X

- Details

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

X

- Definition

Tabular disclosure of a condensed balance sheet. Disclosure may include, but is 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 a condensed cash flow statement. Disclosure may include, but is 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 a condensed income statement. Disclosure may include, but is 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