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PARENT COMPANY FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2017
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) | 2017 |  | 2016
ASSETS |  |  |  |  |
Cash and Due From Subsidiary Bank | $ | 17,515 |  | $ | 9,618
Investment in Subsidiary Bank |  | 327,416 |  |  | 325,337
Other Assets |  | 5,112 |  |  | 5,563
Total Assets | $ | 350,043 |  | $ | 340,518
LIABILITIES |  |  |  |  |
Short-Term Borrowings | $ | - |  | $ | 3,000
Long-Term Borrowings |  | 2,700 |  |  | -
Subordinated Notes Payable |  | 52,887 |  |  | 52,887
Other Liabilities |  | 10,246 |  |  | 9,463
Total Liabilities |  | 65,833 |  |  | 65,350
SHAREOWNERS’ EQUITY |  |  |  |  |
Common Stock, $.01 par value; 90,000,000 shares authorized; 16,988,951 and 16,844,698 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively |  | 170 |  |  | 168
Additional Paid-In Capital |  | 36,674 |  |  | 34,188
Retained Earnings |  | 279,410 |  |  | 267,037
Accumulated Other Comprehensive Loss, Net of Tax |  | (32,044) |  |  | (26,225)
Total Shareowners’ Equity |  | 284,210 |  |  | 275,168
Total Liabilities and Shareowners’ Equity | $ | 350,043 |  | $ | 340,518
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) |  | 2017 |  | 2016 |  | 2015
OPERATING INCOME |  |  |  |  |  |  |  |  |
Income Received from Subsidiary Bank: |  |  |  |  |  |  |  |  |
Overhead Fees |  | $ | 4,813 |  | $ | 4,700 |  | $ | 4,604
Dividends |  |  | 12,000 |  |  | 9,300 |  |  | 9,200
Other Income |  |  | 124 |  |  | 2,675 |  |  | 424
Total Operating Income |  |  | 16,937 |  |  | 16,675 |  |  | 14,228
OPERATING EXPENSE |  |  |  |  |  |  |  |  |
Salaries and Associate Benefits |  |  | 4,384 |  |  | 4,247 |  |  | 3,395
Interest on Subordinated Notes Payable |  |  | 1,761 |  |  | 1,527 |  |  | 1,368
Professional Fees |  |  | 1,072 |  |  | 1,114 |  |  | 1,078
Advertising |  |  | 130 |  |  | 160 |  |  | 105
Legal Fees |  |  | 140 |  |  | 167 |  |  | 168
Other |  |  | 737 |  |  | 718 |  |  | 699
Total Operating Expense |  |  | 8,224 |  |  | 7,933 |  |  | 6,813
Earnings Before Income Taxes and Equity in Undistributed |  |  |  |  |  |  |  |  |
Earnings of Subsidiary Bank |  | 8,713 |  |  | 8,742 |  |  | 7,415
Income Tax Expense (Benefit) |  |  | 166 |  |  | (1,492) |  |  | (342)
Earnings Before Equity in Undistributed Earnings of Subsidiary Bank |  |  | 8,547 |  |  | 10,234 |  |  | 7,757
Equity in Undistributed Earnings of Subsidiary Bank |  |  | 2,316 |  |  | 1,512 |  |  | 1,359
Net Income |  | $ | 10,863 |  | $ | 11,746 |  | $ | 9,116
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) |  | 2017 |  | 2016 |  | 2015
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net Income |  | $ | 10,863 |  | $ | 11,746 |  | $ | 9,116
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: |  |  |  |  |  |  |  |  |
Equity in Undistributed Earnings of Subsidiary Bank |  |  | (2,316) |  |  | (1,512) |  |  | (1,359)
Stock Compensation |  |  | 1,502 |  |  | 1,260 |  |  | 1,109
Gain on Retirement of Trust Preferred Securities |  |  | - |  |  | (2,487) |  |  | -
Decrease (Increase) in Other Assets |  |  | 450 |  |  | (399) |  |  | 191
Increase in Other Liabilities |  |  | 960 |  |  | 345 |  |  | 444
Net Cash Provided By Operating Activities |  |  | 11,459 |  |  | 8,953 |  |  | 9,501
CASH FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Redemption of Subordinated Notes |  |  | - |  |  | (7,500) |  |  | -
Proceeds from Short-Term Borrowings |  |  | - |  |  | 3,750 |  |  | -
Repayment of Short-Term Borrowings |  |  | - |  |  | (750) |  |  | -
Repayment of Long-Term Borrowings |  |  | (300) |  |  | - |  |  | -
Dividends Paid |  |  | (4,071) |  |  | (2,890) |  |  | (2,241)
Issuance of Common Stock Under Compensation Plans |  |  | 809 |  |  | 840 |  |  | 507
Payments to Repurchase Common Stock |  |  | - |  |  | (6,312) |  |  | (5,981)
Net Cash Used In Financing Activities |  |  | (3,562) |  |  | (12,862) |  |  | (7,715)
Net Increase (Decrease) in Cash |  |  | 7,897 |  |  | (3,909) |  |  | 1,786
Cash at Beginning of Year |  |  | 9,618 |  |  | 13,527 |  |  | 11,741
Cash at End of Year |  | $ | 17,515 |  | $ | 9,618 |  | $ | 13,527

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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=96868048&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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