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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Parent Company Financial Information [Abstract] |
Parent company financial information | Condensed Balance Sheets
|  | December 31, |
(In thousands) |  | 2017 |  |  | 2016 |
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 7,572 |  |  | $ | 4,152 |
AFS securities, at estimated fair value |  |  | 10,065 |  |  |  | 15,273 |
Trading securities |  |  | 11,245 |  |  |  | 8,968 |
Investment in subsidiaries, on equity basis |  |  | 1,048,908 |  |  |  | 1,006,444 |
Other assets |  |  | 40,461 |  |  |  | 44,178 |
Total assets |  | $ | 1,118,251 |  |  | $ | 1,079,015 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |
Total liabilities |  | $ | 160,074 |  |  | $ | 165,699 |
Stockholders’ equity |  |  | 958,177 |  |  |  | 913,316 |
Total liabilities and stockholders’ equity |  | $ | 1,118,251 |  |  | $ | 1,079,015 |
Condensed Statements of Income
|  | Years ended December 31, |
(In thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Dividends from subsidiaries |  | $ | 38,300 |  |  | $ | 10,200 |  |  | $ | 78,200 |
Management fee from subsidiaries |  |  | 99,319 |  |  |  | 95,244 |  |  |  | 92,629 |
Net securities gains |  |  | 2,237 |  |  |  | 652 |  |  |  | 3,034 |
Interest, dividends and other income |  |  | 928 |  |  |  | 976 |  |  |  | 693 |
Total revenue |  | $ | 140,784 |  |  | $ | 107,072 |  |  | $ | 174,556 |
Operating expenses |  |  | 100,667 |  |  |  | 97,977 |  |  |  | 94,332 |
Income before income tax benefit and equity in undistributed income of subsidiaries |  |  | 40,117 |  |  |  | 9,095 |  |  |  | 80,224 |
Income tax expense (benefit) |  |  | 2,233 |  |  |  | (321 | ) |  |  | 515 |
Dividends in excess of income (equity in undistributed income) of subsidiaries |  |  | 44,267 |  |  |  | 68,993 |  |  |  | (3,284 | )
Net income |  | $ | 82,151 |  |  | $ | 78,409 |  |  | $ | 76,425 |
Condensed Statements of Cash Flow
|  | Years ended December 31, |
(In thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Operating activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 82,151 |  |  | $ | 78,409 |  |  | $ | 76,425 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization of premises and equipment |  |  | 2,974 |  |  |  | 2,805 |  |  |  | 2,522 |
Excess tax benefit on stock-based compensation |  |  | 1,769 |  |  |  | 1,055 |  |  |  | (43 | )
Stock-based compensation expense |  |  | 3,644 |  |  |  | 4,378 |  |  |  | 4,086 |
Net (gain) on sales of AFS securities |  |  | (2,238 | ) |  |  | (652 | ) |  |  | (3,034 | )
Re-evaluation of deferred tax amounts from Tax Act |  |  | 3,339 |  |  |  | - |  |  |  | - |
Equity in undistributed income of subsidiaries |  |  | (82,567 | ) |  |  | (79,193 | ) |  |  | (74,916 | )
Cash dividend from subsidiaries |  |  | 38,300 |  |  |  | 10,200 |  |  |  | 78,200 |
Bank owned life insurance income |  |  | (328 | ) |  |  | (356 | ) |  |  | (292 | )
Net change in other liabilities |  |  | (5,624 | ) |  |  | (8,596 | ) |  |  | 6,770 |
Net change in other assets |  |  | (368 | ) |  |  | 22,728 |  |  |  | (6,652 | )
Net cash provided by operating activities |  | $ | 41,052 |  |  | $ | 30,778 |  |  | $ | 83,066 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds on sales and maturities of AFS securities |  | $ | 4,710 |  |  | $ | 1,783 |  |  | $ | 5,297 |
Purchases of AFS securities |  |  | (9 | ) |  |  | (580 | ) |  |  | (3,083 | )
Proceeds from settlement of bank owned life insurance |  |  | 308 |  |  |  | - |  |  |  | - |
Net purchases of premises and equipment |  |  | (2,264 | ) |  |  | (3,083 | ) |  |  | (2,930 | )
Net cash provided by (used in) investing activities |  | $ | 2,745 |  |  | $ | (1,880 | ) |  | $ | (716 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the issuance of shares to employee benefit plans and other stock plans |  | $ | 3,309 |  |  | $ | 6,032 |  |  | $ | 8,856 |
Cash paid by employer for tax-withholding on stock issuance |  |  | (3,582 | ) |  |  | (3,387 | ) |  |  | (1,164 | )
Purchases of treasury shares |  |  | - |  |  |  | (17,193 | ) |  |  | (26,797 | )
Cash dividends and payments for fractional shares |  |  | (40,104 | ) |  |  | (38,880 | ) |  |  | (38,149 | )
Net cash (used in) financing activities |  | $ | (40,377 | ) |  | $ | (53,428 | ) |  | $ | (57,254 | )
Net increase (decrease) in cash and cash equivalents |  | $ | 3,420 |  |  | $ | (24,530 | ) |  | $ | 25,096 |
Cash and cash equivalents at beginning of year |  |  | 4,152 |  |  |  | 28,682 |  |  |  | 3,586 |
Cash and cash equivalents at end of year |  | $ | 7,572 |  |  | $ | 4,152 |  |  | $ | 28,682 |
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.

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