Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

CONDENSED BALANCE SHEETS	December 31,
	2015		2014

Assets
Cash	$	1,557	$	1,556
Trading securities		434		417
Investment in bank subsidiary		197,226		184,671
Investment in non-bank subsidiaries		24,345		23,720
Deferred tax asset		482		529
Other assets		2,106		2,159

Total assets	$	226,150	$	213,052

Liabilities
Borrowings from subsidiary	$	1,350	$	1,350
Subordinated debentures		20,620		20,620
Other liabilities		2,267		2,534

Total liabilities		24,237		24,504
Total shareholders’ equity		201,913		188,548

Total liabilities and shareholders’ equity	$	226,150	$	213,052


CONDENSED STATEMENTS OF INCOME	Year Ended December 31,
Income:		2015			2014			2013
Dividends from:
Bank subsidiary	$	10,404		$	10,675		$	1,875
Non-bank subsidiaries		323			0			6,674
Other		157			170			208

Total income		10,884			10,845			8,757

Expenses		(1,708	)		(1,520	)		(1,461	)

Income before income taxes and equity in undistributed net income of subsidiaries:		9,176			9,325			7,296
Income tax benefit		547			473			438
Equity in undistributed net income of bank subsidiary		11,889			12,327			14,080
Equity in undistributed net income (loss) of non-bank subsidiaries		585			949			(5,135	)

Net income	$	22,197		$	23,074		$	16,679

CONDENSED STATEMENTS OF CASH FLOWS	Year Ended December 31,
	2015			2014			2013
Net income
Adjustments to reconcile net income to net cash provided by	$	22,197		$	23,074		$	16,679
operating activities:
Equity in undistributed net income of bank subsidiary		(11,889	)		(12,327	)		(14,080	)
Equity in undistributed (net income) loss of non-bank subsidiaries		(585	)		(949	)		5,135
Net unrealized (gains) losses on trading securities		(11	)		1			(47	)
Decrease (increase) in other assets		9			(13	)		112
Increase in other liabilities		663			601			384

Net cash provided by operating activities		10,384			10,387			8,183

Cash flows from investing activities		0			0			0

Cash flows from financing activities:
Dividends paid		(9,515	)		(9,521	)		(8,573	)
Purchase of treasury stock		(868	)		(1,675	)		0
Net proceeds from sale of treasury stock and option exercises		0			587			739
Net advance to subsidiary		0			0			(600	)

Net cash used in financing activities		(10,383	)		(10,609	)		(8,434	)

Net increase (decrease) in cash		1			(222	)		(251	)
Cash beginning of year		1,556			1,778			2,029

Cash end of year	$	1,557		$	1,556		$	1,778