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PARENT COMPANY STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2017
PARENT COMPANY STATEMENTS [Abstract] |
Condensed Statements of Condition of Parent Company | The condensed statements of condition of the parent company at December 31 are as follows:
(000's omitted) |  | 2017 |  |  | 2016 |
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 84,460 |  |  | $ | 151,127 |
Investment securities |  |  | 4,322 |  |  |  | 3,628 |
Investment in and advances to: |  |  |  |  |  |  |  |
Bank subsidiary |  |  | 1,511,780 |  |  |  | 1,116,554 |
Non-bank subsidiaries |  |  | 169,341 |  |  |  | 35,566 |
Other assets |  |  | 9,150 |  |  |  | 10,345 |
Total assets |  | $ | 1,779,053 |  |  | $ | 1,317,220 |
Liabilities and shareholders' equity: |  |  |  |  |  |  |  |
Accrued interest and other liabilities |  | $ | 20,924 |  |  | $ | 16,950 |
Borrowings |  |  | 122,814 |  |  |  | 102,170 |
Shareholders' equity |  |  | 1,635,315 |  |  |  | 1,198,100 |
Total liabilities and shareholders' equity |  | $ | 1,779,053 |  |  | $ | 1,317,220 |
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) |  | 2017 |  |  | 2016 |  |  | 2015 |
Revenues: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries: |  |  |  |  |  |  |  |  |
Bank subsidiary |  | $ | 91,000 |  |  | $ | 89,000 |  |  | $ | 70,000 |
Non-bank subsidiaries |  |  | 35,500 |  |  |  | 1,750 |  |  |  | 6,000 |
Interest and dividends on investments |  |  | 133 |  |  |  | 102 |  |  |  | 94 |
Total revenues |  |  | 126,633 |  |  |  | 90,852 |  |  |  | 76,094 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest on borrowings |  |  | 3,904 |  |  |  | 2,949 |  |  |  | 2,537 |
Acquisition expenses |  |  | 91 |  |  |  | 429 |  |  |  | 0 |
Other expenses |  |  | 26 |  |  |  | 11 |  |  |  | 19 |
Total expenses |  |  | 4,021 |  |  |  | 3,389 |  |  |  | 2,556 |
Income before tax benefit and equity in undistributed net income of subsidiaries |  |  | 122,612 |  |  |  | 87,463 |  |  |  | 73,538 |
Income tax benefit/(expense) |  |  | 1,930 |  |  |  | 866 |  |  |  | (572 | )
Income before equity in undistributed net income of subsidiaries |  |  | 124,542 |  |  |  | 88,329 |  |  |  | 72,966 |
Equity in undistributed net income of subsidiaries |  |  | 26,175 |  |  |  | 15,483 |  |  |  | 18,264 |
Net income |  | $ | 150,717 |  |  | $ | 103,812 |  |  | $ | 91,230 |
Other comprehensive (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Changes in other comprehensive income/(loss) related to pension and other post retirement obligations |  |  | 168 |  |  |  | 3,322 |  |  |  | (4,567 | )
Changes in other comprehensive loss related to unrealized losses on available-for-sale securities |  |  | (11,065 | ) |  |  | (14,714 | ) |  |  | (6,918 | )
Other comprehensive loss |  |  | (10,897 | ) |  |  | (11,392 | ) |  |  | (11,485 | )
Comprehensive income |  | $ | 139,820 |  |  | $ | 92,420 |  |  | $ | 79,745 |
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) |  | 2017 |  |  | 2016 |  |  | 2015 |
Operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 150,717 |  |  | $ | 103,812 |  |  | $ | 91,230 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (26,175 | ) |  |  | (15,483 | ) |  |  | (18,264 | )
Net change in other assets and other liabilities |  |  | 1,870 |  |  |  | (215 | ) |  |  | (27 | )
Net cash provided by operating activities |  |  | 126,412 |  |  |  | 88,114 |  |  |  | 72,939 |
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of investment securities |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Cash (paid)/received for acquisitions, net of cash acquired of $150,534, $0, and $81,772, respectively |  |  | (139,471 | ) |  |  | 0 |  |  |  | 25,505 |
Capital contributions to subsidiaries |  |  | (11,063 | ) |  |  | 0 |  |  |  | (80,231 | )
Net cash used in investing activities |  |  | (150,534 | ) |  |  | 0 |  |  |  | (54,726 | )
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 9,700 |  |  |  | 15,326 |  |  |  | 13,975 |
Purchase of treasury stock |  |  | (3,306 | ) |  |  | (3,470 | ) |  |  | (9,126 | )
Sale of treasury stock |  |  | 10,060 |  |  |  | 8,888 |  |  |  | 16,571 |
Increase in deferred compensation arrangements |  |  | 3,306 |  |  |  | 0 |  |  |  | 0 |
Cash dividends paid |  |  | (62,305 | ) |  |  | (55,048 | ) |  |  | (49,273 | )
Net cash used in financing activities |  |  | (42,545 | ) |  |  | (34,304 | ) |  |  | (27,853 | )
Change in cash and cash equivalents |  |  | (66,667 | ) |  |  | 53,810 |  |  |  | (9,640 | )
Cash and cash equivalents at beginning of year |  |  | 151,127 |  |  |  | 97,317 |  |  |  | 106,957 |
Cash and cash equivalents at end of year |  | $ | 84,460 |  |  | $ | 151,127 |  |  | $ | 97,317 |
Supplemental disclosures of cash flow information: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | 3,826 |  |  | $ | 2,909 |  |  | $ | 2,523 |
Supplemental disclosures of noncash financing activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared and unpaid |  | $ | 17,460 |  |  | $ | 14,268 |  |  | $ | 13,605 |
Capital contributions to subsidiaries |  |  | 513,769 |  |  |  | 0 |  |  |  | 76,461 |
Common stock issued for acquisition |  |  | 343,132 |  |  |  | 0 |  |  |  | 102,202 |

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