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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2017
Parent Company Financial Statements [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
(in thousands) December 31 |  | 2017 |  |  | 2016 |
Assets: |  |  |  |  |  |
Cash on deposit |  | $ | 1,500 |  |  | $ | 1,525 |
Investment in and advances to subsidiaries |  |  | 587,575 |  |  |  | 556,975 |
Goodwill |  |  | 4,973 |  |  |  | 4,973 |
Premises and equipment, net |  |  | 250 |  |  |  | 142 |
Other assets |  |  | 200 |  |  |  | 391 |
Total assets |  | $ | 594,498 |  |  | $ | 564,006 |
Liabilities and shareholders’ equity: |  |  |  |  |  |  |  |
Long-term debt |  | $ | 61,341 |  |  | $ | 61,341 |
Other liabilities |  |  | 2,458 |  |  |  | 2,050 |
Total liabilities |  |  | 63,799 |  |  |  | 63,391 |
Shareholders’ equity |  |  | 530,699 |  |  |  | 500,615 |
Total liabilities and shareholders’ equity |  | $ | 594,498 |  |  | $ | 564,006 |
Condensed Statements of Income and Comprehensive Income | Condensed Statements of Income and Comprehensive Income
(in thousands) Year Ended December 31 |  | 2017 |  |  | 2016 |  |  | 2015 |
Income: |  |  |  |  |  |  |  |  |
Dividends from subsidiary banks |  | $ | 24,661 |  |  | $ | 20,708 |  |  | $ | 19,808 |
Other income |  |  | 904 |  |  |  | 459 |  |  |  | 414 |
Total income |  |  | 25,565 |  |  |  | 21,167 |  |  |  | 20,222 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,723 |  |  |  | 1,417 |  |  |  | 1,170 |
Depreciation expense |  |  | 116 |  |  |  | 107 |  |  |  | 130 |
Other expenses |  |  | 2,858 |  |  |  | 2,256 |  |  |  | 2,465 |
Total expenses |  |  | 4,697 |  |  |  | 3,780 |  |  |  | 3,765 |
Income before income taxes and equity in undistributed income of subsidiaries |  |  | 20,868 |  |  |  | 17,387 |  |  |  | 16,457 |
Income tax benefit |  |  | (1,445 | ) |  |  | (1,373 | ) |  |  | (1,371 | )
Income before equity in undistributed income of subsidiaries |  |  | 22,313 |  |  |  | 18,760 |  |  |  | 17,828 |
Equity in undistributed income of subsidiaries |  |  | 29,180 |  |  |  | 28,586 |  |  |  | 28,604 |
Net income |  | $ | 51,493 |  |  | $ | 47,346 |  |  | $ | 46,432 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses arising during the period |  |  | (820 | ) |  |  | (4,578 | ) |  |  | (342 | )
Less: Reclassification adjustments for realized gains (losses) included in net income |  |  | 73 |  |  |  | 522 |  |  |  | (106 | )
Tax benefit |  |  | (312 | ) |  |  | (1,785 | ) |  |  | (83 | )
Implementation of ASU 2018-02 |  |  | (621 | ) |  |  | 0 |  |  |  | 0 |
Other comprehensive loss, net of tax |  |  | (1,202 | ) |  |  | (3,315 | ) |  |  | (153 | )
Comprehensive income |  | $ | 50,291 |  |  | $ | 44,031 |  |  | $ | 46,279 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
(in thousands) Year Ended December 31 |  | 2017 |  |  | 2016 |  |  | 2015 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 51,493 |  |  | $ | 47,346 |  |  | $ | 46,432 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 116 |  |  |  | 107 |  |  |  | 130 |
Equity in undistributed earnings of subsidiaries |  |  | (29,180 | ) |  |  | (28,586 | ) |  |  | (28,604 | )
Stock-based compensation |  |  | 636 |  |  |  | 458 |  |  |  | 783 |
Excess tax benefits of stock-based compensation |  |  | 0 |  |  |  | 100 |  |  |  | 104 |
Gain on debt repurchase |  |  | (560 | ) |  |  | 0 |  |  |  | 0 |
Changes in: |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  |  | 145 |  |  |  | 519 |  |  |  | 240 |
Other liabilities |  |  | 412 |  |  |  | (90 | ) |  |  | 968 |
Net cash provided by operating activities |  |  | 23,062 |  |  |  | 19,854 |  |  |  | 20,053 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Payment for investment in subsidiary |  |  | (1,440 | ) |  |  | 0 |  |  |  | 0 |
Purchase of premises and equipment |  |  | (179 | ) |  |  | (104 | ) |  |  | (45 | )
Net cash used in investing activities |  |  | (1,619 | ) |  |  | (104 | ) |  |  | (45 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 1,513 |  |  |  | 2,985 |  |  |  | 2,082 |
Repurchase of common stock |  |  | 0 |  |  |  | (382 | ) |  |  | (189 | )
Excess tax benefits of stock-based compensation |  |  | 0 |  |  |  | (100 | ) |  |  | (104 | )
Dividends paid |  |  | (22,981 | ) |  |  | (22,190 | ) |  |  | (21,330 | )
Net cash used in financing activities |  |  | (21,468 | ) |  |  | (19,687 | ) |  |  | (19,541 | )
Net increase (decrease) in cash and cash equivalents |  |  | (25 | ) |  |  | 63 |  |  |  | 467 |
Cash and cash equivalents at beginning of year |  |  | 1,525 |  |  |  | 1,462 |  |  |  | 995 |
Cash and cash equivalents at end of year |  | $ | 1,500 |  |  | $ | 1,525 |  |  | $ | 1,462 |

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