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Parent Company Statements (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets |
Balance Sheets
December 31, 2016 and 2015
(In thousands) |  | 2016 |  | 2015
Assets: |  |  |  |
Cash |  | $ | 112,067 |  |  | $ | 102,416 |
Investment in subsidiaries |  | 626,569 |  |  | 613,383 |
Debentures receivable from PNB |  | 25,000 |  |  | 25,000 |
Other investments |  | 2,962 |  |  | 2,341 |
Other assets |  | 26,651 |  |  | 23,443 |
Total assets |  | $ | 793,249 |  |  | $ | 766,583 |
Liabilities: |  |  |  |
Subordinated notes |  | 45,000 |  |  | 45,000 |
Other liabilities |  | 6,009 |  |  | 8,228 |
Total liabilities |  | 51,009 |  |  | 53,228 |
Total shareholders’ equity |  | 742,240 |  |  | 713,355 |
Total liabilities and shareholders’ equity |  | $ | 793,249 |  |  | $ | 766,583 |
Statements of Income |
Statements of Income
for the years ended December 31, 2016, 2015 and 2014
(In thousands) |  | 2016 |  | 2015 |  | 2014
Income: |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 60,000 |  |  | $ | 60,000 |  |  | $ | 60,000 |
Interest and dividends |  | 2,164 |  |  | 2,561 |  |  | 3,708 |
Other |  | 1,081 |  |  | 560 |  |  | 262 |
Total income |  | 63,245 |  |  | 63,121 |  |  | 63,970 |
Expense: |  |  |  |  |  |
Other, net |  | 12,159 |  |  | 12,341 |  |  | 13,807 |
Total expense |  | 12,159 |  |  | 12,341 |  |  | 13,807 |
Income before federal taxes and equity in undistributed income of subsidiaries |  | 51,086 |  |  | 50,780 |  |  | 50,163 |
Federal income tax benefit |  | 4,357 |  |  | 4,671 |  |  | 4,787 |
Income before equity in undistributed income of subsidiaries |  | 55,443 |  |  | 55,451 |  |  | 54,950 |
Equity in undistributed income of subsidiaries |  | 30,692 |  |  | 25,561 |  |  | 29,007 |
Net income |  | $ | 86,135 |  |  | $ | 81,012 |  |  | $ | 83,957 |
Other comprehensive (loss) income (1) |  | (2,102 | ) |  | (2,035 | ) |  | 21,811 |
Comprehensive income |  | 84,033 |  |  | 78,977 |  |  | 105,768 |
Statements of Cash Flows |
Statements of Cash Flows
for the years ended December 31, 2016, 2015 and 2014
(In thousands) |  | 2016 |  | 2015 |  | 2014
Operating activities: |  |  |  |  |  |
Net income |  | $ | 86,135 |  |  | $ | 81,012 |  |  | $ | 83,957 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Undistributed income of subsidiaries |  | (30,692 | ) |  | (25,561 | ) |  | (29,007 | )
Compensation expense for issuance of treasury stock to directors |  | 950 |  |  | 963 |  |  | 801 |
Share-based compensation expense |  | 1,864 |  |  | 865 |  |  | 458 |
Increase in other assets |  | (3,425 | ) |  | (182 | ) |  | (1,292 | )
(Decrease) increase in other liabilities |  | (2,524 | ) |  | 485 |  |  | 298 |
Net cash provided by operating activities |  | 52,308 |  |  | 57,582 |  |  | 55,215 |
Investing activities: |  |  |  |  |  |
Repayment of investments in and advances to subsidiaries |  | 15,000 |  |  | 10,000 |  |  | 32,000 |
Net cash provided by investing activities |  | 15,000 |  |  | 10,000 |  |  | 32,000 |
Financing activities: |  |  |  |  |  |
Cash dividends paid |  | (57,653 | ) |  | (57,776 | ) |  | (57,876 | )
Repayment of subordinated notes |  | — |  |  | — |  |  | (35,250 | )
Repurchase of treasury shares |  | — |  |  | (6,058 | ) |  | (2,355 | )
Cash payment for fractional shares |  | (4 | ) |  | (3 | ) |  | (5 | )
Net cash used in financing activities |  | (57,657 | ) |  | (63,837 | ) |  | (95,486 | )
Increase (decrease) in cash |  | 9,651 |  |  | 3,745 |  |  | (8,271 | )
Cash at beginning of year |  | 102,416 |  |  | 98,671 |  |  | 106,942 |
Cash at end of year |  | $ | 112,067 |  |  | $ | 102,416 |  |  | $ | 98,671 |

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