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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2013
Parent Company Financial Statements [Abstract] |
Schedule of Parent Company Financial Statements | Condensed Balance Sheets
(in thousands) December 31 |  | 2013 |  |  | 2012 |
Assets: |  |  |  |  |  |
Cash on deposit |  | $ | 1,272 |  |  | $ | 5,442 |
Investment in and advances to subsidiaries |  |  | 468,240 |  |  |  | 454,949 |
Goodwill |  |  | 4,973 |  |  |  | 4,973 |
Premises and equipment, net |  |  | 235 |  |  |  | 250 |
Other assets |  |  | 617 |  |  |  | 1,277 |
Total assets |  | $ | 475,337 |  |  | $ | 466,891 |
Liabilities and shareholders’ equity: |  |  |  |  |  |  |  |
Long-term debt |  | $ | 61,341 |  |  | $ | 61,341 |
Other liabilities |  |  | 1,504 |  |  |  | 5,206 |
Total liabilities |  |  | 62,845 |  |  |  | 66,547 |
Shareholders’ equity |  |  | 412,492 |  |  |  | 400,344 |
Total liabilities and shareholders’ equity |  | $ | 475,337 |  |  | $ | 466,891 |
Condensed Statements of Income and Comprehensive Income
(in thousands) Year Ended December 31 |  | 2013 |  |  | 2012 |  |  | 2011 |
Income: |  |  |  |  |  |  |  |  |
Dividends from subsidiary banks |  | $ | 13,035 |  |  | $ | 16,572 |  |  | $ | 20,370 |
Other income |  |  | 545 |  |  |  | 238 |  |  |  | 255 |
Total income |  |  | 13,580 |  |  |  | 16,810 |  |  |  | 20,625 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,161 |  |  |  | 2,403 |  |  |  | 3,999 |
Depreciation expense |  |  | 163 |  |  |  | 127 |  |  |  | 72 |
Other expenses |  |  | 2,442 |  |  |  | 1,990 |  |  |  | 1,808 |
Total expenses |  |  | 3,766 |  |  |  | 4,520 |  |  |  | 5,879 |
Income before income taxes and equity in undistributed income of subsidiaries |  |  | 9,814 |  |  |  | 12,290 |  |  |  | 14,746 |
Income tax benefit |  |  | (1,416 | ) |  |  | (1,750 | ) |  |  | (2,277 | )
Income before equity in undistributed income of subsidiaries |  |  | 11,230 |  |  |  | 14,040 |  |  |  | 17,023 |
Equity in undistributed income of subsidiaries |  |  | 33,942 |  |  |  | 30,822 |  |  |  | 21,804 |
Net income |  | $ | 45,172 |  |  | $ | 44,862 |  |  | $ | 38,827 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) on securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains arising during the period |  |  | (31,878 | ) |  |  | 4,973 |  |  |  | 9,868 |
Less: Reclassification adjustments for realized gains included in net income |  |  | 45 |  |  |  | (1,155 | ) |  |  | (218 | )
Tax expense (benefit) |  |  | (11,142 | ) |  |  | 1,336 |  |  |  | 3,378 |
Other comprehensive income (loss), net of tax |  |  | (20,691 | ) |  |  | 2,482 |  |  |  | 6,272 |
Comprehensive income |  | $ | 24,481 |  |  | $ | 47,344 |  |  | $ | 45,099 |
Condensed Statements of Cash Flows
(in thousands) Year Ended December 31 |  | 2013 |  |  | 2012 |  |  | 2011 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 45,172 |  |  | $ | 44,862 |  |  | $ | 38,827 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 163 |  |  |  | 127 |  |  |  | 72 |
Equity in undistributed earnings of subsidiaries |  |  | (33,942 | ) |  |  | (30,822 | ) |  |  | (21,804 | )
Stock-based compensation |  |  | 658 |  |  |  | 512 |  |  |  | 555 |
Excess tax benefit of stock-based compensation |  |  | 572 |  |  |  | 496 |  |  |  | 23 |
Changes in: |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  |  | 660 |  |  |  | (771 | ) |  |  | 395 |
Other liabilities |  |  | 1,505 |  |  |  | 495 |  |  |  | 0 |
Net cash provided by operating activities |  |  | 14,788 |  |  |  | 14,899 |  |  |  | 18,068 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of premises and equipment |  |  | (148 | ) |  |  | (166 | ) |  |  | (198 | )
Repayment of investments in and advances to subsidiaries |  |  | (40 | ) |  |  | (80 | ) |  |  | (96 | )
Net cash used in investing activities |  |  | (188 | ) |  |  | (246 | ) |  |  | (294 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 6,348 |  |  |  | 4,395 |  |  |  | 1,291 |
Excess tax benefit of stock-based compensation |  |  | (572 | ) |  |  | (496 | ) |  |  | (23 | )
Dividends paid |  |  | (24,546 | ) |  |  | (19,215 | ) |  |  | (18,742 | )
Net cash used in financing activities |  |  | (18,770 | ) |  |  | (15,316 | ) |  |  | (17,474 | )
Net increase (decrease) in cash and cash equivalents |  |  | (4,170 | ) |  |  | (663 | ) |  |  | 300 |
Cash and cash equivalents at beginning of year |  |  | 5,442 |  |  |  | 6,105 |  |  |  | 5,805 |
Cash and cash equivalents at end of year |  | $ | 1,272 |  |  | $ | 5,442 |  |  | $ | 6,105 |

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