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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2014
Condensed Balance Sheets | The following table presents condensed financial information for the parent company as of the dates and in the periods indicated:
|  | CONDENSED BALANCE SHEETS |
|  | December 31, |
(Amounts in thousands) |  | 2014 |  |  | 2013 |
Assets |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 21,646 |  |  | $ | 10,872 |
Securities available for sale |  |  | 8,172 |  |  |  | 13,335 |
Investment in subsidiary |  |  | 334,155 |  |  |  | 310,748 |
Other assets |  |  | 5,100 |  |  |  | 9,697 |
Total assets |  | $ | 369,073 |  |  | $ | 344,652 |
Liabilities |  |  |  |  |  |  |  |
Other borrowings |  | $ | 2,235 |  |  | $ | 582 |
Subordinated debt |  |  | 15,464 |  |  |  | 15,464 |
Total liabilities |  |  | 17,699 |  |  |  | 16,046 |
Stockholders’ Equity |  |  |  |  |  |  |  |
Preferred stock |  |  | 15,151 |  |  |  | 15,251 |
Common stock |  |  | 20,500 |  |  |  | 20,493 |
Additional paid-in capital |  |  | 215,873 |  |  |  | 215,663 |
Retained earnings |  |  | 140,014 |  |  |  | 124,535 |
Treasury stock |  |  | (35,751 | ) |  |  | (33,887 | )
Accumulated other comprehensive loss |  |  | (4,413 | ) |  |  | (13,449 | )
Total stockholders’ equity |  |  | 351,374 |  |  |  | 328,606 |
Total liabilities and stockholders’ equity |  | $ | 369,073 |  |  | $ | 344,652 |
Condensed Statements of Income |
|  | CONDENSED STATEMENTS OF INCOME |
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Cash dividends received from subsidiary bank |  | $ | 14,148 |  |  | $ | 43,900 |  |  | $ | 8,105 |
Other income |  |  | 515 |  |  |  | 726 |  |  |  | 445 |
Operating expense |  |  | (1,793 | ) |  |  | (1,647 | ) |  |  | (1,318 | )
Income tax expense |  |  | 511 |  |  |  | 368 |  |  |  | (55 | )
Equity in undistributed earnings of subsidiary |  |  | 12,109 |  |  |  | (20,035 | ) |  |  | 21,400 |
Net income |  |  | 25,490 |  |  |  | 23,312 |  |  |  | 28,577 |
Dividends on preferred stock |  |  | 910 |  |  |  | 1,024 |  |  |  | 1,058 |
Net income available to common shareholders |  | $ | 24,580 |  |  | $ | 22,288 |  |  | $ | 27,519 |
Condensed Statements of Cash Flows |
|  | CONDENSED STATEMENTS OF CASH FLOWS |
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 25,490 |  |  | $ | 23,312 |  |  | $ | 28,577 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  |  | (12,109 | ) |  |  | 20,035 |  |  |  | (21,400 | )
Loss (gain) on sale of securities |  |  | 2 |  |  |  | (193 | ) |  |  | (49 | )
Decrease (increase) in other assets |  |  | 4,624 |  |  |  | (5,293 | ) |  |  | 123 |
(Decrease) increase in other liabilities |  |  | (347 | ) |  |  | 333 |  |  |  | 588 |
Increase in other operating activities |  |  | (65 | ) |  |  | (106 | ) |  |  | (58 | )
Net cash provided by operating activities |  |  | 17,595 |  |  |  | 38,088 |  |  |  | 7,781 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales of securities available-for-sale |  |  | 5,030 |  |  |  | 3,380 |  |  |  | 2,151 |
Payments to acquire securities available-for-sale |  |  | — |  |  |  | (5,000 | ) |  |  | (5,137 | )
Investment in subsidiary |  |  | (2,000 | ) |  |  | — |  |  |  | — |
Net cash provided by (used in) investing activities |  |  | 3,030 |  |  |  | (1,620 | ) |  |  | (2,986 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from other borrowings |  |  | 2,000 |  |  |  | — |  |  |  | — |
Proceeds from stock options exercised |  |  | 89 |  |  |  | 789 |  |  |  | 144 |
Payments for repurchase of treasury stock |  |  | (2,168 | ) |  |  | (28,421 | ) |  |  | (1,012 | )
Payments of common dividends |  |  | (9,200 | ) |  |  | (9,476 | ) |  |  | (8,162 | )
Payments of preferred dividends |  |  | (910 | ) |  |  | (992 | ) |  |  | (1,120 | )
Proceeds from other financing activities |  |  | 338 |  |  |  | 28 |  |  |  | 137 |
Net cash used in financing activities |  |  | (9,851 | ) |  |  | (38,072 | ) |  |  | (10,013 | )
Net increase (decrease) in cash and cash equivalents |  |  | 10,774 |  |  |  | (1,604 | ) |  |  | (5,218 | )
Cash and cash equivalents at beginning of year |  |  | 10,872 |  |  |  | 12,476 |  |  |  | 17,694 |
Cash and cash equivalents at end of year |  | $ | 21,646 |  |  | $ | 10,872 |  |  | $ | 12,476 |

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