XML 49 R31.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Parent Company Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2014
Parent Company Financial Information [Abstract] |
Parent Company Financial Information | (22) Parent Company Financial Information Condensed Balance Sheets
|  | December 31, |
(In thousands) |  | 2014 |  |  | 2013 |
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,586 |  |  | $ | 3,741 |
Securities available for sale, at estimated fair value |  |  | 11,649 |  |  |  | 11,008 |
Trading securities |  |  | 6,761 |  |  |  | 4,742 |
Investment in subsidiaries, on equity basis |  |  | 947,880 |  |  |  | 896,479 |
Other assets |  |  | 61,829 |  |  |  | 49,530 |
Total assets |  | $ | 1,031,705 |  |  | $ | 965,500 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |
Total liabilities |  | $ | 167,524 |  |  | $ | 148,931 |
Stockholders’ equity |  |  | 864,181 |  |  |  | 816,569 |
Total liabilities and stockholders’ equity |  | $ | 1,031,705 |  |  | $ | 965,500 |
Condensed Income Statements
|  | Years ended December 31, |
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Dividends from subsidiaries |  | $ | 35,400 |  |  | $ | 13,500 |  |  | $ | 79,175 |
Management fee from subsidiaries |  |  | 87,116 |  |  |  | 84,778 |  |  |  | 78,665 |
Securities gains |  |  | 49 |  |  |  | 1,273 |  |  |  | 442 |
Interest, dividend and other income |  |  | 800 |  |  |  | 636 |  |  |  | 720 |
Total revenue |  |  | 123,365 |  |  |  | 100,187 |  |  |  | 159,002 |
Operating expense |  |  | 89,834 |  |  |  | 83,679 |  |  |  | 79,015 |
Income before income tax benefit and equity in undistributed income of subsidiaries |  |  | 33,531 |  |  |  | 16,508 |  |  |  | 79,987 |
Income tax benefit (expense) |  |  | 631 |  |  |  | (1,046 | ) |  |  | (284 | )
Dividends in excess of income (equity in undistributed income) of subsidiaries |  |  | 40,912 |  |  |  | 46,285 |  |  |  | (25,145 | )
Net income |  | $ | 75,074 |  |  | $ | 61,747 |  |  | $ | 54,558 |
Statements of Cash Flow
|  | Years ended December 31, |
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Operating activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 75,074 |  |  | $ | 61,747 |  |  | $ | 54,558 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 3,521 |  |  |  | 4,305 |  |  |  | 4,364 |
Gain on sales of available-for-sale securities |  |  | 49 |  |  |  | 1,273 |  |  |  | 442 |
Equity in undistributed income of subsidiaries |  |  | (75,824 | ) |  |  | (59,785 | ) |  |  | (54,030 | )
Cash dividend from subsidiaries |  |  | 35,400 |  |  |  | 13,500 |  |  |  | 79,175 |
Net change in other liabilities |  |  | 18,594 |  |  |  | (18,077 | ) |  |  | (3,181 | )
Net change in other assets |  |  | (25,151 | ) |  |  | 14,928 |  |  |  | 2,030 |
Net cash provided by operating activities |  |  | 31,663 |  |  |  | 17,891 |  |  |  | 83,358 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Purchases of available-for-sale securities |  |  | (597 | ) |  |  | - |  |  |  | (4,163 | )
Sales and maturities of available-for-sale securities |  |  | 140 |  |  |  | 1,948 |  |  |  | 1,445 |
Net cash provided by (used in) acquisitions |  |  | - |  |  |  | 2,232 |  |  |  | (14,612 | )
Purchases of premises and equipment |  |  | (640 | ) |  |  | (782 | ) |  |  | (1,240 | )
Net cash (used in) provided by investing activities |  |  | (1,097 | ) |  |  | 3,398 |  |  |  | (18,570 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the issuance of shares to employee benefit plans and other stock plans |  |  | 5,943 |  |  |  | 5,512 |  |  |  | 1,387 |
Payments on long-term debt |  |  | - |  |  |  | - |  |  |  | (3,340 | )
Purchases of treasury shares |  |  | (72 | ) |  |  | (12,459 | ) |  |  | (15,490 | )
Cash dividends and payments for fractional shares |  |  | (36,905 | ) |  |  | (33,518 | ) |  |  | (26,712 | )
Excess tax benefit from exercise of stock options |  |  | 313 |  |  |  | (178 | ) |  |  | 8 |
Net cash used in financing activities |  |  | (30,721 | ) |  |  | (40,643 | ) |  |  | (44,147 | )
Net (decrease) increase in cash and cash equivalents |  |  | (155 | ) |  |  | (19,354 | ) |  |  | 20,641 |
Cash and cash equivalents at beginning of year |  |  | 3,741 |  |  |  | 23,095 |  |  |  | 2,454 |
Cash and cash equivalents at end of year |  | $ | 3,586 |  |  | $ | 3,741 |  |  | $ | 23,095 |
A statement of changes in stockholders’ equity has not been presented since it is the same as the consolidated statement of changes in stockholders’ equity previously presented.

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

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration