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PARENT COMPANY STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
PARENT COMPANY STATEMENTS [Abstract] |
Condensed Balance Sheets of Parent Company | The condensed balance sheets of the parent company at December 31 are as follows:
(000's omitted) |  | 2016 |  |  | 2015 |
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 151,127 |  |  | $ | 97,317 |
Investment securities |  |  | 3,628 |  |  |  | 3,576 |
Investment in and advances to: |  |  |  |  |  |  |  |
Bank subsidiary |  |  | 1,116,554 |  |  |  | 1,117,419 |
Non-bank subsidiaries |  |  | 35,566 |  |  |  | 30,643 |
Other assets |  |  | 10,345 |  |  |  | 9,996 |
Total assets |  | $ | 1,317,220 |  |  | $ | 1,258,951 |
Liabilities and shareholders' equity: |  |  |  |  |  |  |  |
Accrued interest and other liabilities |  | $ | 16,950 |  |  | $ | 16,158 |
Borrowings |  |  | 102,170 |  |  |  | 102,146 |
Shareholders' equity |  |  | 1,198,100 |  |  |  | 1,140,647 |
Total liabilities and shareholders' equity |  | $ | 1,317,220 |  |  | $ | 1,258,951 |
Condensed Statements of Income of Parent Company | The condensed statements of income of the parent company for the years ended December 31 is as follows:
(000's omitted) |  | 2016 |  |  | 2015 |  |  | 2014 |
Revenues: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries: |  |  |  |  |  |  |  |  |
Bank subsidiary |  | $ | 89,000 |  |  | $ | 70,000 |  |  | $ | 57,200 |
Non-bank subsidiaries |  |  | 1,750 |  |  |  | 6,000 |  |  |  | 3,900 |
Interest and dividends on investments |  |  | 102 |  |  |  | 94 |  |  |  | 88 |
Total revenues |  |  | 90,852 |  |  |  | 76,094 |  |  |  | 61,188 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest on borrowings |  |  | 2,949 |  |  |  | 2,537 |  |  |  | 2,477 |
Acquisition expenses |  |  | 429 |  |  |  | 0 |  |  |  | 0 |
Other expenses |  |  | 11 |  |  |  | 19 |  |  |  | 37 |
Total expenses |  |  | 3,389 |  |  |  | 2,556 |  |  |  | 2,514 |
Income before tax benefit and equity in undistributed net income of subsidiaries |  |  | 87,463 |  |  |  | 73,538 |  |  |  | 58,674 |
Income tax benefit/(expense) |  |  | 866 |  |  |  | (572 | ) |  |  | 581 |
Income before equity in undistributed net income of subsidiaries |  |  | 88,329 |  |  |  | 72,966 |  |  |  | 59,255 |
Equity in undistributed net income of subsidiaries |  |  | 15,483 |  |  |  | 18,264 |  |  |  | 32,098 |
Net income |  | $ | 103,812 |  |  | $ | 91,230 |  |  | $ | 91,353 |
Other comprehensive (loss)/income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income/(loss) related to pension and other post retirement obligations |  |  | 3,322 |  |  |  | (4,567 | ) |  |  | (9,571 | )
Other comprehensive (loss)/income related to unrealized (losses)/gains on available-for-sale securities |  |  | (14,714 | ) |  |  | (6,918 | ) |  |  | 66,837 |
Other comprehensive (loss)/income |  |  | (11,392 | ) |  |  | (11,485 | ) |  |  | 57,266 |
Comprehensive income |  | $ | 92,420 |  |  | $ | 79,745 |  |  | $ | 148,619
Statements of Cash Flows of Parent Company | The statements of cash flows of the parent company for the years ended December 31 is as follows:
(000's omitted) |  | 2016 |  |  | 2015 |  |  | 2014 |
Operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 103,812 |  |  | $ | 91,230 |  |  | $ | 91,353 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (15,483 | ) |  |  | (18,264 | ) |  |  | (32,098 | )
Net change in other assets and other liabilities |  |  | (215 | ) |  |  | (27 | ) |  |  | (479 | )
Net cash provided by operating activities |  |  | 88,114 |  |  |  | 72,939 |  |  |  | 58,776 |
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of investment securities |  |  | 0 |  |  |  | 0 |  |  |  | 3 |
Cash received for acquisitions, net of cash acquired of $0, $81,772, and $0, respectively |  |  | 0 |  |  |  | 25,505 |  |  |  | 0 |
Capital contributions to subsidiaries |  |  | 0 |  |  |  | (80,231 | ) |  |  | 0 |
Net cash (used in) provided by investing activities |  |  | 0 |  |  |  | (54,726 | ) |  |  | 3 |
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 15,326 |  |  |  | 13,975 |  |  |  | 13,410 |
Purchase of treasury stock |  |  | (3,470 | ) |  |  | (9,126 | ) |  |  | (4,368 | )
Sale of treasury stock |  |  | 8,888 |  |  |  | 16,571 |  |  |  | 1,531 |
Cash dividends paid |  |  | (55,048 | ) |  |  | (49,273 | ) |  |  | (46,178 | )
Net cash used in financing activities |  |  | (34,304 | ) |  |  | (27,853 | ) |  |  | (35,605 | )
Change in cash and cash equivalents |  |  | 53,810 |  |  |  | (9,640 | ) |  |  | 23,174 |
Cash and cash equivalents at beginning of year |  |  | 97,317 |  |  |  | 106,957 |  |  |  | 83,783 |
Cash and cash equivalents at end of year |  | $ | 151,127 |  |  | $ | 97,317 |  |  | $ | 106,957 |
Supplemental disclosures of cash flow information: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | 2,909 |  |  | $ | 2,523 |  |  | $ | 2,473 |
Supplemental disclosures of noncash financing activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared and unpaid |  | $ | 14,268 |  |  | $ | 13,605 |  |  | $ | 12,254 |
Capital contributions to subsidiaries |  |  | 0 |  |  |  | 76,461 |  |  |  | 0 |
Common stock issued for acquisition |  |  | 0 |  |  |  | 102,202 |  |  |  | 0 |

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