XML 66 R51.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Parent Company Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Parent Company Financial Information [Abstract] |
Parent company financial information | Condensed Balance Sheets
|  | December 31, |
(In thousands) |  | 2015 |  |  | 2014 |
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 28,682 |  |  | $ | 3,586 |
Securities available for sale, at estimated fair value |  |  | 12,711 |  |  |  | 11,649 |
Trading securities |  |  | 8,042 |  |  |  | 6,761 |
Investment in subsidiaries, on equity basis |  |  | 941,731 |  |  |  | 947,880 |
Other assets |  |  | 65,133 |  |  |  | 61,829 |
Total assets |  | $ | 1,056,299 |  |  | $ | 1,031,705 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |
Total liabilities |  | $ | 174,295 |  |  | $ | 167,524 |
Stockholders' equity |  |  | 882,004 |  |  |  | 864,181 |
Total liabilities and stockholders' equity |  | $ | 1,056,299 |  |  | $ | 1,031,705 |
Condensed Income Statements
|  | Years ended December 31, |
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Dividends from subsidiaries |  | $ | 78,200 |  |  | $ | 35,400 |  |  | $ | 13,500 |
Management fee from subsidiaries |  |  | 92,629 |  |  |  | 87,116 |  |  |  | 84,778 |
Securities gains |  |  | 3,034 |  |  |  | 49 |  |  |  | 1,273 |
Interest, dividend and other income |  |  | 693 |  |  |  | 800 |  |  |  | 636 |
Total revenue |  |  | 174,556 |  |  |  | 123,365 |  |  |  | 100,187 |
Operating expense |  |  | 94,332 |  |  |  | 89,834 |  |  |  | 83,679 |
Income before income tax benefit and equity in undistributed income of subsidiaries |  |  | 80,224 |  |  |  | 33,531 |  |  |  | 16,508 |
Income tax benefit (expense) |  |  | (515 | ) |  |  | 631 |  |  |  | (1,046 | )
Dividends in excess of income (equity in undistributed income) of subsidiaries |  |  | (3,284 | ) |  |  | 40,912 |  |  |  | 46,285 |
Net income |  | $ | 76,425 |  |  | $ | 75,074 |  |  | $ | 61,747 |
Statements of Cash Flow
|  | Years ended December 31, |
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Operating activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 76,425 |  |  | $ | 75,074 |  |  | $ | 61,747 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 4,086 |  |  |  | 3,521 |  |  |  | 4,305 |
Gains (losses) on sales of available-for-sale securities |  |  | (3,034 | ) |  |  | 49 |  |  |  | 1,273 |
Equity in undistributed income of subsidiaries |  |  | 2,967 |  |  |  | (75,824 | ) |  |  | (59,785 | )
Cash dividend from subsidiaries |  |  | - |  |  |  | 35,400 |  |  |  | 13,500 |
Net change in other liabilities |  |  | 6,770 |  |  |  | 18,594 |  |  |  | (18,077 | )
Net change in other assets |  |  | (6,627 | ) |  |  | (25,151 | ) |  |  | 14,928 |
Net cash provided by operating activities |  |  | 80,587 |  |  |  | 31,663 |  |  |  | 17,891 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Purchases of available-for-sale securities |  |  | (3,083 | ) |  |  | (597 | ) |  |  | - |
Sales and maturities of available-for-sale securities |  |  | 5,297 |  |  |  | 140 |  |  |  | 1,948 |
Net cash provided by acquisitions |  |  | - |  |  |  | - |  |  |  | 2,232 |
Purchases of premises and equipment |  |  | (408 | ) |  |  | (640 | ) |  |  | (782 | )
Net cash provided by (used in) investing activities |  |  | 1,806 |  |  |  | (1,097 | ) |  |  | 3,398 |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the issuance of shares to employee benefit plans and other stock plans |  |  | 7,692 |  |  |  | 5,943 |  |  |  | 5,512 |
Purchases of treasury shares |  |  | (26,797 | ) |  |  | (72 | ) |  |  | (12,459 | )
Cash dividends and payments for fractional shares |  |  | (38,149 | ) |  |  | (36,905 | ) |  |  | (33,518 | )
Excess tax benefit from exercise of stock options |  |  | (43 | ) |  |  | 313 |  |  |  | (178 | )
Net cash used in financing activities |  |  | (57,297 | ) |  |  | (30,721 | ) |  |  | (40,643 | )
Net increase (decrease) in cash and cash equivalents |  |  | 25,096 |  |  |  | (155 | ) |  |  | (19,354 | )
Cash and cash equivalents at beginning of year |  |  | 3,586 |  |  |  | 3,741 |  |  |  | 23,095 |
Cash and cash equivalents at end of year |  | $ | 28,682 |  |  | $ | 3,586 |  |  | $ | 3,741 |

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedFinancialStatementsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration