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Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [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) |  | 2016 |  | 2015
Assets |  |  |  |  |  |
Cash and due from banks |  | $ | 45,464 |  | $ | 30,165
Short-term investments |  |  | 107,898 |  |  | 50,689
Securities available-for-sale, at fair value |  |  | 390,552 |  |  | 373,946
Loans, net |  |  | 47,184 |  |  | 87,615
Investments in subsidiaries |  |  | 101,824 |  |  | 91,770
Premises and equipment, net |  |  | 20,375 |  |  | 18,886
Other assets |  |  | 161,317 |  |  | 150,135
Total assets |  | $ | 874,614 |  | $ | 803,206
Liabilities and Shareholders’ Equity |  |  |  |  |  |
Liabilities: |  |  |  |  |  |
Accounts and drafts payable |  | $ | 640,945 |  | $ | 576,919
Other liabilities |  |  | 25,415 |  |  | 18,732
Total liabilities |  |  | 666,360 |  |  | 595,651
Total shareholders’ equity |  |  | 208,254 |  |  | 207,555
Total liabilities and shareholders’ equity |  | $ | 874,614 |  | $ | 803,206
|  | Condensed Statements of Income
|  | For the Years Ended December 31,
(In thousands) |  | 2016 |  | 2015 |  | 2014
Income from subsidiaries: |  |  |  |  |  |  |  |  |
Interest |  | $ | 2 |  | $ | 12 |  | $ | 12
Management fees |  |  | 2,105 |  |  | 2,201 |  |  | 2,058
Income from subsidiaries |  |  | 2,107 |  |  | 2,213 |  |  | 2,070
Information services revenue |  |  | 83,543 |  |  | 78,488 |  |  | 77,064
Net interest income after provision |  |  | 13,389 |  |  | 13,948 |  |  | 14,986
Gain on sales of investment securities |  |  | 387 |  |  | 2,910 |  |  | 23
Other income |  |  | 504 |  |  | 613 |  |  | 1,323
Total income |  |  | 99,930 |  |  | 98,172 |  |  | 95,466
Expenses: |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 65,968 |  |  | 63,475 |  |  | 59,885
Other expenses |  |  | 18,133 |  |  | 16,580 |  |  | 15,587
Total expenses |  |  | 84,101 |  |  | 80,055 |  |  | 75,472
Income before income tax and equity in undistributed |  |  |  |  |  |  |  |  |
income of subsidiaries |  |  | 15,829 |  |  | 18,117 |  |  | 19,994
Income tax expense |  |  | 1,540 |  |  | 2,950 |  |  | 3,125
Income before undistributed income of subsidiaries |  |  | 14,289 |  |  | 15,167 |  |  | 16,869
Equity in undistributed income of subsidiaries |  |  | 10,059 |  |  | 7,889 |  |  | 7,164
Net income |  | $ | 24,348 |  | $ | 23,056 |  | $ | 24,033
|  | Condensed Statements of Cash Flows
|  | For the Years Ended December 31,
(In thousands) |  | 2016 |  | 2015 |  | 2014
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 24,348 |  |  | $ | 23,056 |  |  | $ | 24,033 |
Adjustments to reconcile net income to net cash provided |  |  |  |  |  |  |  |  |  |  |  |
by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiaries |  |  | (10,059 | ) |  |  | (7,889 | ) |  |  | (7,164 | )
Net change in other assets |  |  | (7,085 | ) |  |  | 16,100 |  |  |  | (44,879 | )
Net change in other liabilities |  |  | 6,683 |  |  |  | (2,779 | ) |  |  | 534 |
Amortization of stock-based awards |  |  | 1,677 |  |  |  | 1,504 |  |  |  | 1,250 |
Other, net |  |  | 7,558 |  |  |  | 10,389 |  |  |  | 13,487 |
Net cash provided by (used in) operating activities |  |  | 23,122 |  |  |  | 40,381 |  |  |  | (12,739 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net increase in securities |  |  | (33,025 | ) |  |  | (23,472 | ) |  |  | (35,128 | )
Net decrease in loans |  |  | 40,431 |  |  |  | 28,343 |  |  |  | 9,358 |
Purchases of premises and equipment, net |  |  | (4,557 | ) |  |  | (5,708 | ) |  |  | (8,941 | )
Net cash provided by (used in) investing activities |  |  | 2,849 |  |  |  | (837 | ) |  |  | (34,711 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net increase (decrease) in accounts and drafts payable |  |  | 64,026 |  |  |  | (78,439 | ) |  |  | 111,405 |
Cash dividends paid |  |  | (9,979 | ) |  |  | (9,697 | ) |  |  | (9,337 | )
Purchase of common shares for treasury |  |  | (9,215 | ) |  |  | (10,951 | ) |  |  | (1,848 | )
Other financing activities |  |  | 1,705 |  |  |  | 66 |  |  |  | (21 | )
Net cash provided by (used in) financing activities |  |  | 46,537 |  |  |  | (99,021 | ) |  |  | 100,199 |
Net increase (decrease) in cash and cash equivalents |  |  | 72,508 |  |  |  | (59,477 | ) |  |  | 52,749 |
Cash and cash equivalents at beginning of year |  |  | 80,854 |  |  |  | 140,331 |  |  |  | 87,582 |
Cash and cash equivalents at end of year |  | $ | 153,362 |  |  | $ | 80,854 |  |  | $ | 140,331

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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 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
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