XML 17 R48.htm IDEA: XBRL DOCUMENT

Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Parent Company Financial Information [Abstract]

Condensed Statements Of Condition


Condensed Statements of Condition		December 31,
		2014		2013
Assets:
Cash and due from subsidiary	$	9,559	$	9,510
Investment in and receivables due from subsidiary		273,237		245,071
Other assets		3,433		3,463
Total assets	$	286,229	$	258,044
Liabilities and shareholders' equity:
Other liabilities	$	6,697	$	3,205
Shareholders' equity		279,532		254,839
Total liabilities and shareholders' equity	$	286,229	$	258,044

Condensed Statements Of Income


Condensed Statements of Income		Years ended December 31,
		2014		2013	2012
Dividends from subsidiary and associated companies	$	20,920	$	15,000	$	4,000
Management and service fees from subsidiary		417		368		517
Other income		74		71		24
Total income		21,411		15,439		4,541
Operating expenses		3,437		2,906		2,732
Income before income tax benefit and equity in undistributed
earnings of subsidiary		17,974		12,533		1,809
Income tax benefit		1,120		1,020		991
Income before equity in undistributed earnings of subsidiary		19,094		13,553		2,800
Equity in undistributed earnings of subsidiary		10,261		11,977		20,649
Net income	$	29,355	$	25,530	$	23,449

Condensed Statements Of Cash Flows


Condensed Statements of Cash Flows		Years ended December 31,
		2014			2013			2012
Cash flows from operating activities:
Net income	$	29,355		$	25,530		$	23,449
Adjustments to reconcile net income to net cash provided
by operating activities:
Equity in undistributed earnings of subsidiary		(10,261	)		(11,977	)		(20,649	)
Depreciation and amortization		48			47			65
Share-based compensation		471			407			526
Decrease in other assets		5,661			166			805
(Decrease) increase in other liabilities		(5,717	)		(17	)		44
Net cash provided by operating activities		19,557			14,156			4,240
Cash flows from investing activities:
Net cash paid for acquisition		(7,995	)		-			-
Cash flows from financing activities:
Purchase of preferred and common shares		(196	)		(360	)		(559	)
Proceeds from stock options exercised		667			448			69
Dividends paid		(11,984	)		(11,218	)		(8,866	)
Other		-			(118	)		97
Net cash used in financing activities		(11,513	)		(11,248	)		(9,259	)
Net increase (decrease) in cash and cash equivalents		49			2,908			(5,019	)
Cash and cash equivalents as of beginning of year		9,510			6,602			11,621
Cash and cash equivalents as of end of the year	$	9,559		$	9,510		$	6,602