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PARENT COMPANY FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
PARENT COMPANY FINANCIAL INFORMATION | Note 20 PARENT COMPANY FINANCIAL INFORMATION The following are condensed statements of financial condition of the parent company at December 31: Parent Company Statements of Financial Condition
(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
The operating results of the parent company for the three years ended December 31 are shown below: Parent Company Statements of Operations
(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
The cash flows for the parent company for the three years ended December 31 were as follows: Parent Company Statements of Cash Flows
(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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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