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PARENT COMPANY FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of condensed statements of financial condition of the parent company |
(Dollars in Thousands, Except Per Share Data) | 2016 |  | 2015
ASSETS |  |  |  |  |
Cash and Due From Subsidiary Bank | $ | 9,618 |  | $ | 13,527
Investment in Subsidiary Bank |  | 325,337 |  |  | 327,794
Other Assets |  | 5,563 |  |  | 5,164
Total Assets | $ | 340,518 |  | $ | 346,485
LIABILITIES |  |  |  |  |
Short-Term Borrowings |  | 3,000 |  |  | 0
Subordinated Notes Payable | $ | 52,887 |  | $ | 62,887
Other Liabilities |  | 9,463 |  |  | 9,246
Total Liabilities |  | 65,350 |  |  | 72,133
SHAREOWNERS’ EQUITY |  |  |  |  |
Common Stock, $.01 par value; 90,000,000 shares authorized; 16,844,698 and 17,156,919 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively |  | 168 |  |  | 172
Additional Paid-In Capital |  | 34,188 |  |  | 38,256
Retained Earnings |  | 267,037 |  |  | 258,181
Accumulated Other Comprehensive Loss, Net of Tax |  | (26,225) |  |  | (22,257)
Total Shareowners’ Equity |  | 275,168 |  |  | 274,352
Total Liabilities and Shareowners’ Equity | $ | 340,518 |  | $ | 346,485
Schedule of operating results of the parent company |
(Dollars in Thousands) |  | 2016 |  | 2015 |  | 2014
OPERATING INCOME |  |  |  |  |  |  |  |  |
Income Received from Subsidiary Bank: |  |  |  |  |  |  |  |  |
Overhead Fees |  | $ | 4,700 |  | $ | 4,604 |  | $ | 4,468
Dividends |  |  | 9,300 |  |  | 9,200 |  |  | 6,000
Other Income |  |  | 2,675 |  |  | 424 |  |  | 138
Total Operating Income |  |  | 16,675 |  |  | 14,228 |  |  | 10,606
OPERATING EXPENSE |  |  |  |  |  |  |  |  |
Salaries and Associate Benefits |  |  | 4,247 |  |  | 3,395 |  |  | 3,156
Interest on Subordinated Notes Payable |  |  | 1,527 |  |  | 1,368 |  |  | 1,328
Professional Fees |  |  | 1,114 |  |  | 1,078 |  |  | 1,024
Advertising |  |  | 160 |  |  | 105 |  |  | 141
Legal Fees |  |  | 167 |  |  | 168 |  |  | 243
Other |  |  | 718 |  |  | 699 |  |  | 624
Total Operating Expense |  |  | 7,933 |  |  | 6,813 |  |  | 6,516
Earnings Before Income Taxes and Equity in Undistributed |  |  |  |  |  |  |  |  |
Earnings of Subsidiary Bank |  | 8,742 |  |  | 7,415 |  |  | 4,090
Income Tax Benefit |  |  | (1,492) |  |  | (342) |  |  | (433)
Earnings Before Equity in Undistributed Earnings of Subsidiary Bank |  |  | 10,234 |  |  | 7,757 |  |  | 4,523
Equity in Undistributed Earnings of Subsidiary Bank |  |  | 1,512 |  |  | 1,359 |  |  | 4,737
Net Income |  | $ | 11,746 |  | $ | 9,116 |  | $ | 9,260
Schedule of cash flows for the parent company |
(Dollars in Thousands) |  | 2016 |  | 2015 |  | 2014
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net Income |  | $ | 11,746 |  | $ | 9,116 |  | $ | 9,260
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: |  |  |  |  |  |  |  |  |
Equity in Undistributed Earnings of Subsidiary Bank |  |  | (1,512) |  |  | (1,359) |  |  | (4,737)
Stock Compensation |  |  | 1,260 |  |  | 1,109 |  |  | 1,349
Gain on Retirement of Trust Preferred Securities |  |  | (2,487) |  |  | - |  |  | -
(Increase) Decrease in Other Assets |  |  | (399) |  |  | 191 |  |  | 387
Increase in Other Liabilities |  |  | 345 |  |  | 444 |  |  | 532
Net Cash Provided By Operating Activities |  |  | 8,953 |  |  | 9,501 |  |  | 6,791
CASH FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Redemption of Subordinated Notes |  |  | (7,500) |  |  | - |  |  | -
Proceeds from Short-Term Borrowings |  |  | 3,750 |  |  | - |  |  | -
Repayment of Short-Term Borrowings |  |  | (750) |  |  | - |  |  | -
Dividends Paid |  |  | (2,890) |  |  | (2,241) |  |  | (1,568)
Issuance of Common Stock Under Compensation Plans |  |  | 840 |  |  | 507 |  |  | 578
Payments to Repurchase Common Stock |  |  | (6,312) |  |  | (5,981) |  |  | (269)
Net Cash Used In Financing Activities |  |  | (12,862) |  |  | (7,715) |  |  | (1,259)
Net (Decrease) Increase in Cash |  |  | (3,909) |  |  | 1,786 |  |  | 5,532
Cash at Beginning of Year |  |  | 13,527 |  |  | 11,741 |  |  | 6,209
Cash at End of Year |  | $ | 9,618 |  | $ | 13,527 |  | $ | 11,741

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