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PARENT COMPANY FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2018
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) | 2018 |  | 2017
ASSETS |  |  |  |  |
Cash and Due From Subsidiary Bank | $ | 19,053 |  | $ | 17,515
Investment in Subsidiary Bank |  | 344,714 |  |  | 327,416
Other Assets |  | 5,440 |  |  | 5,112
Total Assets | $ | 369,207 |  | $ | 350,043
LIABILITIES |  |  |  |  |
Long-Term Borrowings | $ | 2,100 |  | $ | 2,700
Subordinated Notes Payable |  | 52,887 |  |  | 52,887
Other Liabilities |  | 11,633 |  |  | 10,246
Total Liabilities |  | 66,620 |  |  | 65,833
SHAREOWNERS’ EQUITY |  |  |  |  |
Common Stock, $.01 par value; 90,000,000 shares authorized; 16,747,571 and 16,988,951 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively |  | 167 |  |  | 170
Additional Paid-In Capital |  | 31,058 |  |  | 36,674
Retained Earnings |  | 300,177 |  |  | 279,410
Accumulated Other Comprehensive Loss, Net of Tax |  | (28,815) |  |  | (32,044)
Total Shareowners’ Equity |  | 302,587 |  |  | 284,210
Total Liabilities and Shareowners’ Equity | $ | 369,207 |  | $ | 350,043
Schedule of operating results of the parent company |
(Dollars in Thousands) |  | 2018 |  | 2017 |  | 2016
OPERATING INCOME |  |  |  |  |  |  |  |  |
Income Received from Subsidiary Bank: |  |  |  |  |  |  |  |  |
Administrative Fees |  | $ | 5,700 |  | $ | 4,813 |  | $ | 4,700
Dividends |  |  | 15,000 |  |  | 12,000 |  |  | 9,300
Other Income |  |  | 171 |  |  | 124 |  |  | 2,675
Total Operating Income |  |  | 20,871 |  |  | 16,937 |  |  | 16,675
OPERATING EXPENSE |  |  |  |  |  |  |  |  |
Salaries and Associate Benefits |  |  | 3,679 |  |  | 3,783 |  |  | 3,581
Interest on Subordinated Notes Payable |  |  | 2,286 |  |  | 1,761 |  |  | 1,527
Professional Fees |  |  | 1,210 |  |  | 1,072 |  |  | 1,114
Advertising |  |  | 106 |  |  | 130 |  |  | 160
Legal Fees |  |  | 166 |  |  | 140 |  |  | 167
Other |  |  | 2,170 |  |  | 1,338 |  |  | 1,384
Total Operating Expense |  |  | 9,617 |  |  | 8,224 |  |  | 7,933
Earnings Before Income Taxes and Equity in Undistributed |  |  |  |  |  |  |  |  |
Earnings of Subsidiary Bank |  | 11,254 |  |  | 8,713 |  |  | 8,742
Income Tax (Benefit) Expense |  |  | (901) |  |  | 166 |  |  | (1,492)
Earnings Before Equity in Undistributed Earnings of Subsidiary Bank |  |  | 12,155 |  |  | 8,547 |  |  | 10,234
Equity in Undistributed Earnings of Subsidiary Bank |  |  | 14,069 |  |  | 2,316 |  |  | 1,512
Net Income |  | $ | 26,224 |  | $ | 10,863 |  | $ | 11,746
Schedule of cash flows for the parent company |
(Dollars in Thousands) |  | 2018 |  | 2017 |  | 2016
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net Income |  | $ | 26,224 |  | $ | 10,863 |  | $ | 11,746
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: |  |  |  |  |  |  |  |  |
Equity in Undistributed Earnings of Subsidiary Bank |  |  | (14,069) |  |  | (2,316) |  |  | (1,512)
Stock Compensation |  |  | 1,421 |  |  | 1,502 |  |  | 1,260
Gain on Retirement of Trust Preferred Securities |  |  | - |  |  | - |  |  | (2,487)
Decrease (Increase) in Other Assets |  |  | (327) |  |  | 450 |  |  | (399)
Increase in Other Liabilities |  |  | 1,579 |  |  | 960 |  |  | 345
Net Cash Provided By Operating Activities |  |  | 14,828 |  |  | 11,459 |  |  | 8,953
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 |  |  | (600) |  |  | (300) |  |  | -
Dividends Paid |  |  | (5,457) |  |  | (4,071) |  |  | (2,890)
Issuance of Common Stock Under Compensation Plans |  |  | 797 |  |  | 809 |  |  | 840
Payments to Repurchase Common Stock |  |  | (8,030) |  |  | - |  |  | (6,312)
Net Cash Used In Financing Activities |  |  | (13,290) |  |  | (3,562) |  |  | (12,862)
Net Increase (Decrease) in Cash |  |  | 1,538 |  |  | 7,897 |  |  | (3,909)
Cash at Beginning of Year |  |  | 17,515 |  |  | 9,618 |  |  | 13,527
Cash at End of Year |  | $ | 19,053 |  | $ | 17,515 |  | $ | 9,618

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