XML 60 R44.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Condensed Financial Information of Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | 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) |  | 2018 |  | 2017
Assets |  |  |  |  |  |
Cash and due from banks |  | $ | 35,735 |  | $ | 56,462
Short-term investments |  |  | 35,201 |  |  | 48,324
Securities available-for-sale, at fair value |  |  | 441,534 |  |  | 470,523
Loans, net |  |  | 20,188 |  |  | 12,239
Investments in subsidiaries |  |  | 130,231 |  |  | 113,681
Premises and equipment, net |  |  | 21,358 |  |  | 20,927
Other assets |  |  | 278,151 |  |  | 199,865
Total assets |  | $ | 962,398 |  | $ | 922,021
Liabilities and Shareholders’ Equity |  |  |  |  |  |
Liabilities: |  |  |  |  |  |
Accounts and drafts payable |  | $ | 693,026 |  | $ | 661,342
Other liabilities |  |  | 39,362 |  |  | 35,533
Total liabilities |  |  | 732,388 |  |  | 696,875
Total shareholders’ equity |  |  | 230,010 |  |  | 225,146
Total liabilities and shareholders’ equity |  | $ | 962,398 |  | $ | 922,021
Schedule of Condensed Statements of Income |
|  | Condensed Statements of Income
|  | For the Years Ended December 31,
(In thousands) |  | 2018 |  | 2017 |  | 2016
Income from subsidiaries: |  |  |  |  |  |  |  |  |  |
Interest |  | $ | — |  |  | $ | — |  | $ | 2
Management fees |  |  | 2,668 |  |  |  | 2,172 |  |  | 2,105
Income from subsidiaries |  |  | 2,668 |  |  |  | 2,172 |  |  | 2,107
Information services revenue |  |  | 100,628 |  |  |  | 93,133 |  |  | 83,543
Net interest income after provision |  |  | 14,159 |  |  |  | 13,217 |  |  | 13,389
(Loss) Gain on sales of investment securities |  |  | (42 | ) |  |  | — |  |  | 387
Other income |  |  | 456 |  |  |  | 483 |  |  | 504
Total income |  |  | 117,869 |  |  |  | 109,005 |  |  | 99,930
Expenses: |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 77,946 |  |  |  | 70,409 |  |  | 65,968
Other expenses |  |  | 23,442 |  |  |  | 20,333 |  |  | 18,133
Total expenses |  |  | 101,388 |  |  |  | 90,742 |  |  | 84,101
Income before income tax and equity in undistributed |  |  |  |  |  |  |  |  |  |
income of subsidiaries |  |  | 16,481 |  |  |  | 18,263 |  |  | 15,829
Income tax expense |  |  | 1,788 |  |  |  | 4,394 |  |  | 1,540
Income before undistributed income of subsidiaries |  |  | 14,693 |  |  |  | 13,869 |  |  | 14,289
Equity in undistributed income of subsidiaries |  |  | 15,575 |  |  |  | 11,145 |  |  | 10,059
Net income |  | $ | 30,268 |  |  | $ | 25,014 |  | $ | 24,348
Schedule of Condensed Statements of Cash Flows |
|  | Condensed Statements of Cash Flows
|  | For the Years Ended December 31,
(In thousands) |  | 2018 |  | 2017 |  | 2016
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 30,268 |  |  | $ | 25,014 |  |  | $ | 24,348 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiaries |  |  | (15,575 | ) |  |  | (11,145 | ) |  |  | (10,059 | )
Net change in other assets |  |  | (76,686 | ) |  |  | (41,013 | ) |  |  | (7,085 | )
Net change in other liabilities |  |  | 3,829 |  |  |  | 10,118 |  |  |  | 6,683 |
Amortization of stock-based awards |  |  | 2,583 |  |  |  | 1,743 |  |  |  | 1,677 |
Other, net |  |  | 10,242 |  |  |  | 9,219 |  |  |  | 7,558 |
Net cash provided by (used in) operating activities |  |  | (45,339 | ) |  |  | (6,064 | ) |  |  | 23,122 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net decrease (increase) in securities |  |  | 14,615 |  |  |  | (80,621 | ) |  |  | (33,025 | )
Net (increase) decrease in loans |  |  | (7,949 | ) |  |  | 34,944 |  |  |  | 40,431 |
Purchases of premises and equipment, net |  |  | (4,211 | ) |  |  | (4,020 | ) |  |  | (4,557 | )
Net cash (used in) provided by investing activities |  |  | 2,455 |  |  |  | (49,697 | ) |  |  | 2,849 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net increase in accounts and drafts payable |  |  | 31,684 |  |  |  | 20,397 |  |  |  | 64,026 |
Cash dividends paid |  |  | (13,177 | ) |  |  | (10,675 | ) |  |  | (9,979 | )
Purchase of common shares for treasury |  |  | (8,838 | ) |  |  | (2,270 | ) |  |  | (9,215 | )
Other financing activities |  |  | (635 | ) |  |  | (267 | ) |  |  | 1,705 |
Net cash provided by financing activities |  |  | 9,034 |  |  |  | 7,185 |  |  |  | 46,537 |
Net (decrease) increase in cash and cash equivalents |  |  | (33,850 | ) |  |  | (48,576 | ) |  |  | 72,508 |
Cash and cash equivalents at beginning of year |  |  | 104,786 |  |  |  | 153,362 |  |  |  | 80,854 |
Cash and cash equivalents at end of year |  | $ | 70,936 |  |  | $ | 104,786 |  |  | $ | 153,362 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration