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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2016
Parent Company Financial Statements [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
(in thousands) December 31 |  | 2016 |  |  | 2015 |
Assets: |  |  |  |  |  |
Cash on deposit |  | $ | 1,525 |  |  | $ | 1,462 |
Investment in and advances to subsidiaries |  |  | 556,975 |  |  |  | 531,702 |
Goodwill |  |  | 4,973 |  |  |  | 4,973 |
Premises and equipment, net |  |  | 142 |  |  |  | 145 |
Other assets |  |  | 391 |  |  |  | 911 |
Total assets |  | $ | 564,006 |  |  | $ | 539,193 |
Liabilities and shareholders’ equity: |  |  |  |  |  |  |  |
Long-term debt |  | $ | 61,341 |  |  | $ | 61,341 |
Other liabilities |  |  | 2,050 |  |  |  | 2,269 |
Total liabilities |  |  | 63,391 |  |  |  | 63,610 |
Shareholders’ equity |  |  | 500,615 |  |  |  | 475,583 |
Total liabilities and shareholders’ equity |  | $ | 564,006 |  |  | $ | 539,193 |
Condensed Statements of Income and Comprehensive Income | Condensed Statements of Income and Comprehensive Income
(in thousands) Year Ended December 31 |  | 2016 |  |  | 2015 |  |  | 2014 |
Income: |  |  |  |  |  |  |  |  |
Dividends from subsidiary banks |  | $ | 20,708 |  |  | $ | 19,808 |  |  | $ | 19,534 |
Other income |  |  | 459 |  |  |  | 414 |  |  |  | 196 |
Total income |  |  | 21,167 |  |  |  | 20,222 |  |  |  | 19,730 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,417 |  |  |  | 1,170 |  |  |  | 1,131 |
Depreciation expense |  |  | 107 |  |  |  | 130 |  |  |  | 153 |
Other expenses |  |  | 2,256 |  |  |  | 2,465 |  |  |  | 2,550 |
Total expenses |  |  | 3,780 |  |  |  | 3,765 |  |  |  | 3,834 |
Income before income taxes and equity in undistributed income of subsidiaries |  |  | 17,387 |  |  |  | 16,457 |  |  |  | 15,896 |
Income tax benefit |  |  | (1,373 | ) |  |  | (1,371 | ) |  |  | (1,548 | )
Income before equity in undistributed income of subsidiaries |  |  | 18,760 |  |  |  | 17,828 |  |  |  | 17,444 |
Equity in undistributed income of subsidiaries |  |  | 28,586 |  |  |  | 28,604 |  |  |  | 25,807 |
Net income |  | $ | 47,346 |  |  | $ | 46,432 |  |  | $ | 43,251 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) on securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) arising during the period |  |  | (4,578 | ) |  |  | (342 | ) |  |  | 13,928 |
Less: Reclassification adjustments for realized gains (losses) included in net income |  |  | 522 |  |  |  | (106 | ) |  |  | (211 | )
Tax expense (benefit) |  |  | (1,785 | ) |  |  | (83 | ) |  |  | 4,949 |
Other comprehensive income (loss), net of tax |  |  | (3,315 | ) |  |  | (153 | ) |  |  | 9,190 |
Comprehensive income |  | $ | 44,031 |  |  | $ | 46,279 |  |  | $ | 52,441 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
(in thousands) Year Ended December 31 |  | 2016 |  |  | 2015 |  |  | 2014 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 47,346 |  |  | $ | 46,432 |  |  | $ | 43,251 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 107 |  |  |  | 130 |  |  |  | 153 |
Equity in undistributed earnings of subsidiaries |  |  | (28,586 | ) |  |  | (28,604 | ) |  |  | (25,807 | )
Stock-based compensation |  |  | 458 |  |  |  | 783 |  |  |  | 838 |
Excess tax benefits of stock-based compensation |  |  | 100 |  |  |  | 104 |  |  |  | 760 |
Changes in: |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  |  | 519 |  |  |  | 240 |  |  |  | (558 | )
Other liabilities |  |  | (90 | ) |  |  | 968 |  |  |  | 563 |
Net cash provided by operating activities |  |  | 19,854 |  |  |  | 20,053 |  |  |  | 19,200 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of premises and equipment |  |  | (104 | ) |  |  | (45 | ) |  |  | (125 | )
Repayment of investments in and advances to subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | (14 | )
Net cash used in investing activities |  |  | (104 | ) |  |  | (45 | ) |  |  | (139 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 2,985 |  |  |  | 2,082 |  |  |  | 1,992 |
Repurchase of common stock |  |  | (382 | ) |  |  | (189 | ) |  |  | 0 |
Excess tax benefits of stock-based compensation |  |  | (100 | ) |  |  | (104 | ) |  |  | (760 | )
Dividends paid |  |  | (22,190 | ) |  |  | (21,330 | ) |  |  | (20,570 | )
Net cash used in financing activities |  |  | (19,687 | ) |  |  | (19,541 | ) |  |  | (19,338 | )
Net increase (decrease) in cash and cash equivalents |  |  | 63 |  |  |  | 467 |  |  |  | (277 | )
Cash and cash equivalents at beginning of year |  |  | 1,462 |  |  |  | 995 |  |  |  | 1,272 |
Cash and cash equivalents at end of year |  | $ | 1,525 |  |  | $ | 1,462 |  |  | $ | 995 |

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