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Parent Company Statements (Tables) | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets |
Balance Sheets
December 31, 2015 and 2014
(In thousands) |  | 2015 |  | 2014
Assets: |  |  |  |
Cash |  | $ | 102,416 |  |  | $ | 98,671 |
Investment in subsidiaries |  | 613,383 |  |  | 599,855 |
Debentures receivable from PNB |  | 25,000 |  |  | 25,000 |
Other investments |  | 2,341 |  |  | 2,344 |
Other assets |  | 23,443 |  |  | 23,260 |
Total assets |  | $ | 766,583 |  |  | $ | 749,130 |
Liabilities: |  |  |  |
Subordinated notes |  | 45,000 |  |  | 45,000 |
Other liabilities |  | 8,228 |  |  | 7,589 |
Total liabilities |  | 53,228 |  |  | 52,589 |
Total shareholders’ equity |  | 713,355 |  |  | 696,541 |
Total liabilities and shareholders’ equity |  | $ | 766,583 |  |  | $ | 749,130 |
Statements of Income |
Statements of Income
for the years ended December 31, 2015, 2014 and 2013
(In thousands) |  | 2015 |  | 2014 |  | 2013
Income: |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 60,000 |  |  | $ | 60,000 |  |  | $ | 15,000 |
Interest and dividends |  | 2,561 |  |  | 3,708 |  |  | 8,659 |
Other |  | 560 |  |  | 262 |  |  | 531 |
Total income |  | 63,121 |  |  | 63,970 |  |  | 24,190 |
Expense: |  |  |  |  |  |
Other, net |  | 12,341 |  |  | 13,807 |  |  | 13,413 |
Total expense |  | 12,341 |  |  | 13,807 |  |  | 13,413 |
Income before federal taxes and equity in undistributed income of subsidiaries |  | 50,780 |  |  | 50,163 |  |  | 10,777 |
Federal income tax benefit |  | 4,671 |  |  | 4,787 |  |  | 2,826 |
Income before equity in undistributed income of subsidiaries |  | 55,451 |  |  | 54,950 |  |  | 13,603 |
Equity in undistributed income of subsidiaries |  | 25,561 |  |  | 29,007 |  |  | 63,266 |
Net income |  | $ | 81,012 |  |  | $ | 83,957 |  |  | $ | 76,869 |
Other comprehensive (loss) income (1) |  | (2,035 | ) |  | 21,811 |  |  | (17,901 | )
Comprehensive income |  | 78,977 |  |  | 105,768 |  |  | 58,968 |
Statements of Cash Flows |
Statements of Cash Flows
for the years ended December 31, 2015, 2014 and 2013
(In thousands) |  | 2015 |  | 2014 |  | 2013
Operating activities: |  |  |  |  |  |
Net income |  | $ | 81,012 |  |  | $ | 83,957 |  |  | $ | 76,869 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Undistributed income of subsidiaries |  | (25,561 | ) |  | (29,007 | ) |  | (63,266 | )
Compensation expense for issuance of treasury stock to directors |  | 963 |  |  | 801 |  |  | 850 |
Share-based compensation expense |  | 865 |  |  | 458 |  |  | — |
Decrease in other assets |  | (182 | ) |  | (1,292 | ) |  | (2,215 | )
Increase (decrease) in other liabilities |  | 485 |  |  | 298 |  |  | (2,187 | )
Net cash provided by operating activities |  | 57,582 |  |  | 55,215 |  |  | 10,051 |
Investing activities: |  |  |  |  |  |
Capital contribution in subsidiary |  | — |  |  | — |  |  | (45,000 | )
Repayment of investments in and advances to subsidiaries |  | 10,000 |  |  | 32,000 |  |  | 101,960 |
Net cash provided by investing activities |  | 10,000 |  |  | 32,000 |  |  | 56,960 |
Financing activities: |  |  |  |  |  |
Cash dividends paid |  | (57,776 | ) |  | (57,876 | ) |  | (57,949 | )
Repayment of subordinated notes |  | — |  |  | (35,250 | ) |  | — |
Repurchase of treasury shares |  | (6,058 | ) |  | (2,355 | ) |  | (843 | )
Cash payment for fractional shares |  | (3 | ) |  | (5 | ) |  | (3 | )
Net cash used in financing activities |  | (63,837 | ) |  | (95,486 | ) |  | (58,795 | )
Increase (decrease) in cash |  | 3,745 |  |  | (8,271 | ) |  | 8,216 |
Cash at beginning of year |  | 98,671 |  |  | 106,942 |  |  | 98,726 |
Cash at end of year |  | $ | 102,416 |  |  | $ | 98,671 |  |  | $ | 106,942 |

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