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Parent Corporation Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed financial statements of the Parent Corporation only are as follows:

Condensed Statements of Condition

		At December 31,
		2016			2015
		(dollars in thousands)
ASSETS
Cash and cash equivalents		$	7,008		$	14,857
Investment in subsidiaries			580,048			515,934
Securities available-for-sale			730			533
Other assets			426			2,405
Total assets		$	588,212		$	533,729
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities		$	2,646		$	1,895
Subordinated debentures			54,534			54,490
Stockholders’ equity			531,032			477,344
Total liabilities and stockholders’ equity		$	588,212		$	533,729

Condensed Income Statement [Table Text Block]

Condensed Statements of Income

		For Years Ended December 31,
		2016			2015			2014
		(dollars in thousands)
Income:
Dividend income from subsidiaries		$	12,400		$	10,537		$	9,276
Other income			8			7			6
Management fees			-			-			100
Total Income			12,408			10,544			9,382
Expenses			(3,252)			(1,705)			(707)
Income before equity in undistributed earnings of subsidiaries			9,156			8,839			8,675
Equity in undistributed earnings of subsidiaries			21,926			32,472			9,890
Net Income		$	31,082		$	41,311		$	18,565

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows

		For Years Ended December 31
		2016			2015			2014
		(dollars in thousands)
Cash flows from operating activities:
Net income		$	31,082		$	41,311		$	18,565
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary			(21,926)			(32,472)			(9,890)
Increase in other assets			2,023			(820)			(1,979)
Increase (decrease) in other liabilities			544			(1,840)			(1,010)
Net cash provided by operating activities			11,723			7,267			6,191
Cash flows from investing activities:
Capital infusion to subsidiary			(38,439)			(35,000)			-
Net cash used in investing activities			(38,439)			(35,000)			-
Cash flows from financing activities:

Proceeds from subordinated debt			-			50,000			-
Cash dividends on common stock			(9,067)			(8,996)			(6,940)
Cash dividends on preferred stock			(22)			(112)			(140)
Secondary offering and issuance of common stock			38,439			-			-
Redemption of preferred stock			(11,250)			-			-
Proceeds from exercise of stock options			767			1,424			878
Net cash used in financing activities			18,867			42,316			(6,202)
Decrease in cash and cash equivalents			(7,849)			14,583			(11)
Cash and cash equivalents at beginning of year			14,857			274			285
Cash and cash equivalents at the end of year		$	7,008		$	14,857		$	274