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Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Parent Company Financial Statements PARENT COMPANY FINANCIAL STATEMENTS
Following are the condensed statements of condition, income and cash flows for the Company's parent company:

STATEMENTS OF CONDITION
December 31,
(In thousands)20212020
ASSETS    
Cash$34,339 $35,359 
Investment in subsidiary 558,045 558,820 
Receivable from subsidiary— 46 
Other assets19,259 23,401 
Total assets$611,643 $617,626 
LIABILITIES AND SHAREHOLDERS’ EQUITY  
Subordinated debentures$44,331 $59,331 
Due to subsidiary156 — 
Other liabilities25,862 28,981 
Shareholders’ equity541,294 529,314 
Total liabilities and shareholders’ equity$611,643 $617,626 

STATEMENTS OF INCOME
For the Year Ended
December 31,
(In thousands)202120202019
Operating Income      
Dividend income from subsidiary$41,700 $39,400 $36,900 
Other income 7 103 1,128 
Total operating income41,707 39,503 38,028 
Operating Expenses  
Interest on borrowings2,524 3,512 3,267 
Fees to Bank160 160 160 
Other operating expenses628 578 641 
Total operating expenses3,312 4,250 4,068 
Income before equity in undistributed income of subsidiaries and income taxes
38,395 35,253 33,960 
Equity in undistributed income of subsidiaries29,869 23,299 22,580 
Income before income taxes68,264 58,552 56,540 
Income tax benefit 750 934 663 
Net Income$69,014 $59,486 $57,203 
STATEMENTS OF CASH FLOWS
For the Year Ended
December 31,
(In thousands)202120202019
Operating Activities      
Net income$69,014 $59,486 $57,203 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiaries(29,869)(23,299)(22,579)
Decrease (increase) in other assets4,244 (5,228)(2,935)
Increase (decrease) in due to subsidiaries202 71 (109)
(Decrease) increase in other liabilities(558)(83)4,298 
Net cash provided by operating activities43,033 30,947 35,878 
Investing Activities  
Proceeds from other investments— 1,712 — 
Net cash provided by investing activities— 1,712 — 
Financing Activities  
Net proceeds from issuance of common stock 2,118 1,670 1,683 
Common stock repurchases(10,090)(9,689)(20,795)
Repayment of subordinated debt(15,000)— — 
Cash dividends paid on common stock
(21,081)(19,842)(18,572)
Net cash used in financing activities(44,053)(27,861)(37,684)
Net (decrease) increase in cash, cash equivalents and restricted cash(1,020)4,798 (1,806)
Cash, cash equivalents and restricted cash at beginning of year35,359 30,561 32,367 
Cash, cash equivalents and restricted cash at end of year$34,339 $35,359 $30,561