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Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company [Abstract] |
Condensed Financial Information of Parent Company | Note 18 Condensed Financial Information of Parent Company Following are the condensed balance sheets of the Company (parent company only) and the related condensed statements of income and cash flows.
|  |  | Condensed Balance Sheets
|  |  | December 31,
(In thousands) |  |  | 2015 |  | 2014
Assets |  |  |  |  |
Cash and due from banks |  |  | $ | 30,165 |  | $ | 32,399
Short-term investments |  |  |  | 50,689 |  |  | 107,932
Securities available-for-sale, at fair value |  |  |  | 373,946 |  |  | 356,141
Loans, net |  |  |  | 87,615 |  |  | 115,958
Investments in subsidiaries |  |  |  | 91,770 |  |  | 82,688
Premises and equipment, net |  |  |  | 18,886 |  |  | 16,030
Other assets |  |  |  | 150,135 |  |  | 166,235
Total assets |  |  | $ | 803,206 |  | $ | 877,383
Liabilities and Shareholders' Equity |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |
Accounts and drafts payable |  |  | $ | 576,919 |  | $ | 655,358
Other liabilities |  |  |  | 18,732 |  |  | 21,511
Total liabilities |  |  |  | 595,651 |  |  | 676,869
Total shareholders' equity |  |  |  | 207,555 |  |  | 200,514
Total liabilities and shareholders' equity |  |  | $ | 803,206 |  | $ | 877,383
|  | Condensed Statements of Income
|  | For the Years Ended December 31,
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Income from subsidiaries: |  |  |  |  |  |  |  |  |  |  |  |
Interest |  | $ | 12 |  |  | $ | 12 |  |  | $ | 12 |
Management fees |  |  | 2,201 |  |  |  | 2,058 |  |  |  | 2,119 |
Income from subsidiaries |  |  | 2,213 |  |  |  | 2,070 |  |  |  | 2,131 |
Information services revenue |  |  | 78,488 |  |  |  | 77,064 |  |  |  | 70,503 |
Net interest income after provision |  |  | 13,948 |  |  |  | 14,986 |  |  |  | 15,069 |
Gain on sales of investment securities |  |  | 2,910 |  |  |  | 23 |  |  |  | 3,677 |
Other income |  |  | 613 |  |  |  | 1,323 |  |  |  | 527 |
Total income |  |  | 98,172 |  |  |  | 95,466 |  |  |  | 91,907 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 63,475 |  |  |  | 59,885 |  |  |  | 59,004 |
Other expenses |  |  | 16,580 |  |  |  | 15,587 |  |  |  | 15,027 |
Total expenses |  |  | 80,055 |  |  |  | 75,472 |  |  |  | 74,031 |
Income before income tax and equity in undistributed income |  |  |  |  |  |  |  |  |  |  |  |
of subsidiaries |  |  | 18,117 |  |  |  | 19,994 |  |  |  | 17,876 |
Income tax expense |  |  | 2,950 |  |  |  | 3,125 |  |  |  | 2,381 |
Income before undistributed income of subsidiaries |  |  | 15,167 |  |  |  | 16,869 |  |  |  | 15,495 |
Equity in undistributed income of subsidiaries |  |  | 7,889 |  |  |  | 7,164 |  |  |  | 7,530 |
Intercompany elimination |  |  | — |  |  |  | — |  |  |  | 472 |
Net income |  | $ | 23,056 |  |  | $ | 24,033 |  |  | $ | 23,497 |
|  | Condensed Statements of Cash Flows
|  | For the Years Ended December 31,
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 23,056 |  |  | $ | 24,033 |  |  | $ | 23,497 |
Adjustments to reconcile net income to net cash provided |  |  |  |  |  |  |  |  |  |  |  |
by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiaries |  |  | (7,889 | ) |  |  | (7,164 | ) |  |  | (7,530 | )
Net change in other assets |  |  | 16,100 |  |  |  | (44,879 | ) |  |  | (8,420 | )
Net change in other liabilities |  |  | (2,779 | ) |  |  | 534 |  |  |  | (2,729) |
Amortization of stock-based awards |  |  | 1,504 |  |  |  | 1,250 |  |  |  | 1,177 |
Other, net |  |  | 10,389 |  |  |  | 13,487 |  |  |  | (4,180 | )
Net cash provided by (used in) operating activities |  |  | 40,381 |  |  |  | (12,739) |  |  |  | 1,815 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net increase in securities |  |  | (23,472 | ) |  |  | (35,128 | ) |  |  | (15,385 | )
Net decrease in loans |  |  | 28,343 |  |  |  | 9,358 |  |  |  | 31,619 |
Purchases of premises and equipment, net |  |  | (5,708 | ) |  |  | (8,941 | ) |  |  | (4,050 | )
Net cash (used in) provided by investing activities |  |  | (837 | ) |  |  | (34,711) |  |  |  | 12,184 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net (decrease) increase in accounts and drafts payable |  |  | (78,439 | ) |  |  | 111,405 |  |  |  | 21,192 |
Cash dividends paid |  |  | (9,697 | ) |  |  | (9,337 | ) |  |  | (8,510 | )
Purchase of common shares for treasury |  |  | (10,951 | ) |  |  | (1,848 | ) |  |  | — |
Other financing activities |  |  | 66 |  |  |  | (21 | ) |  |  | (513 | )
Net cash provided by (used in) financing activities |  |  | (99,021 | ) |  |  | 100,199 |  |  |  | 12,169 |
Net (decrease) increase in cash and cash equivalents |  |  | (59,477 | ) |  |  | 52,749 |  |  |  | 26,168 |
Cash and cash equivalents at beginning of year |  |  | 140,331 |  |  |  | 87,582 |  |  |  | 61,414 |
Cash and cash equivalents at end of year |  | $ | 80,854 |  |  | $ | 140,331 |  |  | $ | 87,582 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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