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Holding Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure Abstract |
CondensedConsolidatingBalanceSheetTableTextBlock |
|  | December 31,
|  | 2016 |  | 2015
|  | (In thousands)
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 22,573 |  | $ | 20,240
Investment securities available-for-sale, at fair value |  |  | - |  |  | 6,017
Investment in bank subsidiary, equity method |  |  | 920,085 |  |  | 890,449
Investment in nonbank subsidiaries, equity method |  |  | 18,427 |  |  | 19,137
Due from bank subsidiary,net |  |  | 92 |  |  | 119
Deferred tax asset, net |  |  | 2,643 |  |  | 3,047
Other assets |  |  | 2,085 |  |  | 2,042
Total assets |  | $ | 965,905 |  | $ | 941,051
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Dividend payable |  |  | 6,501 |  |  | 6,098
Due to affiliates |  |  | 237 |  |  | 9
Accrued expenses and other liabilities |  |  | 2,673 |  |  | 1,784
Subordinated capital notes |  |  | 36,083 |  |  | 36,083
Total liabilities |  |  | 45,494 |  |  | 43,974
Stockholders’ equity |  |  | 920,411 |  |  | 897,077
Total liabilities and stockholders’ equity |  | $ | 965,905 |  | $ | 941,051
CondensedConsolidatingStatementOfOperationsTableTextBlock |
| Year Ended December 31,
| 2016 |  | 2015 |  |  | 2014
| (In thousands)
Income: |  |  |  |  |  |  |  |
Interest income | $ | 174 |  | $ | 321 |  | $ | 404
Gain on sale of securities |  | 211 |  |  | - |  |  | -
Investment trading activities, net and other |  | 4,066 |  |  | 4,007 |  |  | 4,308
Total income |  | 4,451 |  |  | 4,328 |  |  | 4,712
Expenses: |  |  |  |  |  |  |  |
Interest expense |  | 1,370 |  |  | 1,222 |  |  | 1,201
Operating expenses |  | 7,179 |  |  | 6,866 |  |  | 6,607
Total expenses |  | 8,549 |  |  | 8,088 |  |  | 7,808
Income (loss) before income taxes |  | (4,098) |  |  | (3,760) |  |  | (3,096)
Income tax (expense) benefit |  | (518) |  |  | 3,088 |  |  | -
Income (loss) before changes in undistributed earnings of subsidiaries |  | (4,616) |  |  | (672) |  |  | (3,096)
Equity in undistributed earnings from: |  |  |  |  |  |  |  |
Bank subsidiary |  | 58,580 |  |  | (3,804) |  |  | 84,787
Nonbank subsidiaries |  | 5,222 |  |  | 1,972 |  |  | 3,490
Net income (loss) | $ | 59,186 |  | $ | (2,504) |  | $ | 85,181
CondensedConsolidatingOtherComprenhensiveIncomeTableTextBlock |
| Year ended December 31,
| 2016 |  | 2015 |  | 2014
| (In thousands)
Net income (loss) | $ | 59,186 |  | $ | (2,504) |  | $ | 85,181
Other comprehensive (loss) income before tax: |  |  |  |  |  |  |  |
Unrealized gain (loss) on securities available-for-sale |  | (204) |  |  | (170) |  |  | 209
Other comprehensive income from bank subsidiary |  | (12,238) |  |  | (5,578) |  |  | 16,361
Other comprehensive (loss) income before taxes |  | (12,442) |  |  | (5,748) |  |  | 16,570
Income tax effect |  | 41 |  |  | 34 |  |  | (50)
Other comprehensive (loss) income after taxes |  | (12,401) |  |  | (5,714) |  |  | 16,520
Comprehensive income (loss) | $ | 46,785 |  | $ | (8,218) |  | $ | 101,701
CondensedConsolidatingStatementOfCashFlowsTableTextBlock |
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
| (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income (loss) | $ | 59,186 |  | $ | (2,504) |  | $ | 85,181
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed earnings from banking subsidiary |  | (58,580) |  |  | 3,804 |  |  | (84,787)
Equity in undistributed earnings from nonbanking subsidiaries |  | (5,222) |  |  | (1,972) |  |  | (3,490)
Amortization of investment securities premiums, net of accretion of discounts |  | 12 |  |  | 44 |  |  | 21
Realized gain on sale of securities |  | 211 |  |  | - |  |  | -
Other impairments on securities |  | - |  |  | - |  |  | 62
Stock-based compensation |  | 1,270 |  |  | 1,637 |  |  | 1,036
Deferred income tax, net |  | 444 |  |  | (3,088) |  |  | -
Net decrease in other assets |  | 42 |  |  | 148 |  |  | 554
Net (decrease) in accrued expenses, other liabilities, and dividend payable |  | 800 |  |  | (221) |  |  | (696)
Dividends from banking subsidiary |  | 17,600 |  |  | 45,000 |  |  | 28,000
Dividends from non-banking subsidiary |  | 6,000 |  |  | - |  |  | 5,900
Net cash provided by operating activities |  | 21,763 |  |  | 42,848 |  |  | 31,781
Cash flows from investing activities: |  |  |  |  |  |  |  |
Maturities and redemptions of investment securities available-for-sale |  | 702 |  |  | 2,013 |  |  | 1,318
Proceeds from sales of investment securities available-for-sale |  | 4,888 |  |  | - |  |  | -
Net (increase) decrease in due from bank subsidiary, net |  | 317 |  |  | 317 |  |  | (218)
Proceeds from sales of premises and equipment |  | 324 |  |  | - |  |  | -
Capital contribution to banking subsidiary |  | (894) |  |  | (1,167) |  |  | (892)
Capital contribution to non-banking subsidiary |  | (68) |  |  | (94) |  |  | (76)
Additions to premises and equipment |  | (381) |  |  | (132) |  |  | -
Net cash provided by investing activities |  | 4,888 |  |  | 937 |  |  | 132
Cash flows from financing activities: |  |  |  |  |  |  |  |
Proceeds from (payments to) exercise of stock options and lapsed restricted units, net |  | (315) |  |  | 204 |  |  | 643
Purchase of treasury stock |  | - |  |  | (8,950) |  |  | (16,948)
Dividends paid |  | (24,003) |  |  | (31,623) |  |  | (28,341)
Net cash used in financing activities |  | (24,318) |  |  | (40,369) |  |  | (44,646)
Net change in cash and cash equivalents |  | 2,333 |  |  | 3,416 |  |  | (12,733)
Cash and cash equivalents at beginning of year |  | 20,240 |  |  | 16,824 |  |  | 29,557
Cash and cash equivalents at end of year | $ | 22,573 |  | $ | 20,240 |  | $ | 16,824

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