XML 59 R45.htm IDEA: XBRL DOCUMENT
v3.3.1.900

PARENT COMPANY CONDENSED FINANCIAL STATEMENTS: (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Balance Sheet |
|  | December 31,
(Dollar amounts in thousands) |  | 2015 |  | 2014
ASSETS |  |  |  |  |  |
Cash deposits in affiliated banks |  | $ | 1,782 |  |  | $ | 3,639 |
Investments in subsidiaries |  | 413,117 |  |  | 396,486 |
Land and headquarters building, net |  | 5,588 |  |  | 5,791 |
Other |  | 12 |  |  | 103 |
Total Assets |  | $ | 420,499 |  |  | $ | 406,019 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |
Liabilities |  |  |  |  |  |
Dividends payable |  | $ | 6,243 |  |  | $ | 6,341 |
Other liabilities |  | 3,940 |  |  | 5,464 |
TOTAL LIABILITIES |  | 10,183 |  |  | 11,805 |
Shareholders' Equity |  | 410,316 |  |  | 394,214 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  | $ | 420,499 |  |  | $ | 406,019 |
Schedule of Condensed Income Statement |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |  |  |  |
|  | Years Ended December 31,
(Dollar amounts in thousands) |  | 2015 |  | 2014 |  | 2013
Dividends from subsidiaries |  | $ | 19,397 |  |  | $ | 26,530 |  |  | $ | 7,130 |
Other income |  | 795 |  |  | 724 |  |  | 1,144 |
Other operating expenses |  | (2,314 | ) |  | (2,747 | ) |  | (3,113 | )
Income before income taxes and equity in undistributed earnings of subsidiaries |  | 17,878 |  |  | 24,507 |  |  | 5,161 |
Income tax benefit |  | 815 |  |  | 1,156 |  |  | 988 |
Income before equity in undistributed earnings of subsidiaries |  | 18,693 |  |  | 25,663 |  |  | 6,149 |
Equity in undistributed earnings of subsidiaries |  | 11,503 |  |  | 8,109 |  |  | 25,385 |
Net income |  | $ | 30,196 |  |  | $ | 33,772 |  |  | $ | 31,534 |
Comprehensive income |  | $ | 35,324 |  |  | $ | 33,212 |  |  | $ | 25,037 |
Schedule of Condensed Cash Flow Statement |
CONDENSED STATEMENTS OF CASH FLOWS |  |  |  |  |  |
|  | Years Ended December 31,
(Dollar amounts in thousands) |  | 2015 |  | 2014 |  | 2013
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net Income |  | $ | 30,196 |  |  | $ | 33,772 |  |  | $ | 31,534 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | 203 |  |  | 196 |  |  | 173 |
Equity in undistributed earnings |  | (11,503 | ) |  | (8,109 | ) |  | (25,385 | )
Contribution of shares to ESOP |  | 1,294 |  |  | 1,253 |  |  | 1,218 |
Securities (gains) losses |  | — |  |  | — |  |  | (420 | )
Restricted stock compensation |  | 684 |  |  | 1,072 |  |  | 611 |
Increase (decrease) in other liabilities |  | (1,524 | ) |  | (473 | ) |  | (512 | )
(Increase) decrease in other assets |  | 188 |  |  | 155 |  |  | 485 |
NET CASH FROM OPERATING ACTIVITIES |  | 19,538 |  |  | 27,866 |  |  | 7,704 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Sales of securities available-for-sale |  | — |  |  | — |  |  | 740 |
Purchase of furniture and fixtures |  | (65 | ) |  | (1,299 | ) |  | (5 | )
NET CASH FROM INVESTING ACTIVITIES |  | (65 | ) |  | (1,299 | ) |  | 735 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Purchase of treasury stock |  | (8,698 | ) |  | (14,633 | ) |  | — |
Dividends paid |  | (12,632 | ) |  | (12,949 | ) |  | (12,766 | )
NET CASH FROM FINANCING ACTIVITES |  | (21,330 | ) |  | (27,582 | ) |  | (12,766 | )
NET (DECREASE) INCREASE IN CASH |  | (1,857 | ) |  | (1,015 | ) |  | (4,327 | )
CASH, BEGINNING OF YEAR |  | 3,639 |  |  | 4,654 |  |  | 8,981 |
CASH, END OF YEAR |  | $ | 1,782 |  |  | $ | 3,639 |  |  | $ | 4,654 |
Supplemental disclosures of cash flow information: |  |  |  |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |  |  |  |
Interest |  | $ | — |  |  | $ | — |  |  | $ | — |
Income taxes |  | $ | 12,869 |  |  | $ | 9,354 |  |  | $ | 13,822 |

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration