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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2015
Condensed Balance Sheets | The following tables present condensed financial information for the parent company as of the dates and in the periods indicated:
|  | CONDENSED BALANCE SHEETS |
|  | December 31, |
(Amounts in thousands) |  | 2015 |  |  | 2014 |
Assets |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 8,367 |  |  | $ | 21,646 |
Securities available for sale |  |  | 8,459 |  |  |  | 8,172 |
Investment in subsidiary |  |  | 336,311 |  |  |  | 334,155 |
Other assets |  |  | 5,489 |  |  |  | 5,100 |
Total assets |  | $ | 358,626 |  |  | $ | 369,073 |
Liabilities |  |  |  |  |  |  |  |
Other borrowings |  | $ | 145 |  |  | $ | 2,235 |
Subordinated debt |  |  | 15,464 |  |  |  | 15,464 |
Total liabilities |  |  | 15,609 |  |  |  | 17,699 |
Stockholders’ Equity |  |  |  |  |  |  |  |
Preferred stock |  |  | — |  |  |  | 15,151 |
Common stock |  |  | 21,382 |  |  |  | 20,500 |
Additional paid-in capital |  |  | 227,692 |  |  |  | 215,873 |
Retained earnings |  |  | 154,550 |  |  |  | 140,014 |
Treasury stock |  |  | (56,457 | ) |  |  | (35,751 | )
Accumulated other comprehensive loss |  |  | (4,150 | ) |  |  | (4,413 | )
Total stockholders’ equity |  |  | 343,017 |  |  |  | 351,374 |
Total liabilities and stockholders’ equity |  | $ | 358,626 |  |  | $ | 369,073 |
Condensed Statements of Income |
|  | CONDENSED STATEMENTS OF INCOME |
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Cash dividends received from subsidiary bank |  | $ | 22,970 |  |  | $ | 14,148 |  |  | $ | 43,900 |
Other income |  |  | 1,039 |  |  |  | 515 |  |  |  | 726 |
Operating expense |  |  | (2,080 | ) |  |  | (1,793 | ) |  |  | (1,647 | )
Income tax expense |  |  | 616 |  |  |  | 511 |  |  |  | 368 |
Equity in undistributed earnings of subsidiary |  |  | 1,995 |  |  |  | 12,109 |  |  |  | (20,035 | )
Net income |  |  | 24,540 |  |  |  | 25,490 |  |  |  | 23,312 |
Dividends on preferred stock |  |  | 105 |  |  |  | 910 |  |  |  | 1,024 |
Net income available to common shareholders |  | $ | 24,435 |  |  | $ | 24,580 |  |  | $ | 22,288 |
Condensed Statements of Cash Flows |
|  | CONDENSED STATEMENTS OF CASH FLOWS |
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 24,540 |  |  | $ | 25,490 |  |  | $ | 23,312 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  |  | (1,995 | ) |  |  | (12,109 | ) |  |  | 20,035 |
(Gain) loss on sale of securities |  |  | (38 | ) |  |  | 2 |  |  |  | (193 | )
Decrease (increase) in other assets |  |  | 1,104 |  |  |  | 4,624 |  |  |  | (5,293 | )
(Decrease) increase in other liabilities |  |  | (1,773 | ) |  |  | (347 | ) |  |  | 333 |
Decrease (increase) in other operating activities |  |  | 43 |  |  |  | (65 | ) |  |  | (106 | )
Net cash provided by operating activities |  |  | 21,881 |  |  |  | 17,595 |  |  |  | 38,088 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales of securities available-for-sale |  |  | 199 |  |  |  | 5,030 |  |  |  | 3,380 |
Payments to acquire securities available-for-sale |  |  | — |  |  |  | — |  |  |  | (5,000 | )
Investment in subsidiary |  |  | — |  |  |  | (2,000 | ) |  |  | — |
Net cash provided by (used in) investing activities |  |  | 199 |  |  |  | 3,030 |  |  |  | (1,620 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
(Repayments of) proceeds from other borrowings |  |  | (2,000 | ) |  |  | 2,000 |  |  |  | — |
Redemption of preferred stock |  |  | (2,367 | ) |  |  | — |  |  |  | — |
Proceeds from stock options exercised |  |  | 264 |  |  |  | 89 |  |  |  | 789 |
Payments for repurchase of treasury stock |  |  | (21,525 | ) |  |  | (2,168 | ) |  |  | (28,421 | )
Payments of common dividends |  |  | (9,994 | ) |  |  | (9,200 | ) |  |  | (9,476 | )
Payments of preferred dividends |  |  | (219 | ) |  |  | (910 | ) |  |  | (992 | )
Proceeds from other financing activities |  |  | 482 |  |  |  | 338 |  |  |  | 28 |
Net cash used in financing activities |  |  | (35,359 | ) |  |  | (9,851 | ) |  |  | (38,072 | )
Net (decrease) increase in cash and cash equivalents |  |  | (13,279 | ) |  |  | 10,774 |  |  |  | (1,604 | )
Cash and cash equivalents at beginning of year |  |  | 21,646 |  |  |  | 10,872 |  |  |  | 12,476 |
Cash and cash equivalents at end of year |  | $ | 8,367 |  |  | $ | 21,646 |  |  | $ | 10,872 |

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