XML 58 R44.htm IDEA: XBRL DOCUMENT v3.7.0.1
PARENT COMPANY CONDENSED FINANCIAL STATEMENTS: (Tables)
12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Balance Sheet
 
 
December 31,
(Dollar amounts in thousands)
 
2016
 
2015
ASSETS
 
 

 
 

Cash deposits in affiliated banks
 
$
2,765

 
$
1,782

Investments in subsidiaries
 
416,024

 
413,117

Land and headquarters building, net
 
5,388

 
5,588

Other
 

 
12

Total Assets
 
$
424,177

 
$
420,499

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 

 
 

Liabilities
 
 

 
 

Dividends payable
 
$
6,104

 
$
6,243

Other liabilities
 
3,678

 
3,940

TOTAL LIABILITIES
 
9,782

 
10,183

Shareholders' Equity
 
414,395

 
410,316

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
 
$
424,177

 
$
420,499

Schedule of Condensed Income Statement
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
 
 
 
 
 
 
Years Ended December 31,
(Dollar amounts in thousands)
 
2016
 
2015
 
2014
Dividends from subsidiaries
 
$
31,781

 
$
19,397

 
$
26,530

Other income
 
722

 
795

 
724

Other operating expenses
 
(2,581
)
 
(2,314
)
 
(2,747
)
Income before income taxes and equity in undistributed earnings of subsidiaries
 
29,922

 
17,878

 
24,507

Income tax benefit
 
821

 
815

 
1,156

Income before equity in undistributed earnings of subsidiaries
 
30,743

 
18,693

 
25,663

Equity in undistributed earnings of subsidiaries
 
7,670

 
11,503

 
8,109

Net income
 
$
38,413

 
$
30,196

 
$
33,772

 
 
 
 
 
 
 
Comprehensive income
 
$
33,650

 
$
35,324

 
$
33,212

Schedule of Condensed Cash Flow Statement
CONDENSED STATEMENTS OF CASH FLOWS
 
 
 
 
 
 
 
 
Years Ended December 31,
(Dollar amounts in thousands)
 
2016
 
2015
 
2014
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 

 
 

 
 

Net Income
 
$
38,413

 
$
30,196

 
$
33,772

Adjustments to reconcile net income to net cash provided by operating activities:
 
 

 
 

 
 

Depreciation and amortization
 
200

 
203

 
196

Equity in undistributed earnings
 
(7,670
)
 
(11,503
)
 
(8,109
)
Contribution of shares to ESOP
 
1,361

 
1,294

 
1,253

Restricted stock compensation
 
684

 
684

 
1,072

Increase (decrease) in other liabilities
 
(262
)
 
(1,524
)
 
(473
)
(Increase) decrease in other assets
 
12

 
188

 
155

NET CASH FROM OPERATING ACTIVITIES
 
32,738

 
19,538

 
27,866

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 

 
 

 
 

Purchase of furniture and fixtures
 

 
(65
)
 
(1,299
)
NET CASH FROM INVESTING ACTIVITIES
 

 
(65
)
 
(1,299
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 

 
 

 
 

Purchase of treasury stock
 
(19,396
)
 
(8,698
)
 
(14,633
)
Dividends paid
 
(12,359
)
 
(12,632
)
 
(12,949
)
NET CASH FROM FINANCING ACTIVITES
 
(31,755
)
 
(21,330
)
 
(27,582
)
NET (DECREASE) INCREASE IN CASH
 
983

 
(1,857
)
 
(1,015
)
CASH, BEGINNING OF YEAR
 
1,782

 
3,639

 
4,654

CASH, END OF YEAR
 
$
2,765

 
$
1,782

 
$
3,639

Supplemental disclosures of cash flow information:
 
 

 
 

 
 

Cash paid during the year for:
 
 

 
 

 
 

Interest
 
$

 
$

 
$

Income taxes
 
$
18,739

 
$
12,869

 
$
9,354