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Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company | Note 19 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) |  | 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
|  | 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
|  | 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 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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