Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Balance Sheets

BALANCE SHEETS

	December 31,
(dollars in thousands)	2014		2013
ASSETS
Cash	$	38,028	$	14,852
Investments in:
Bank subsidiary	565,927		553,825
Nonbank subsidiaries	20,569		19,561
Other assets	5,567		4,441
Total Assets	$	630,091	$	592,679
LIABILITIES
Long-term debt	$	20,619	$	20,619
Other liabilities	1,083		754
Total Liabilities	21,702		21,373
Total Shareholders’ Equity	608,389		571,306
Total Liabilities and Shareholders’ Equity	$	630,091	$	592,679

Statements of Net Income

STATEMENTS OF NET INCOME

	Years ended December 31,
(dollars in thousands)	2014		2013			2012
Dividends from subsidiaries	$	46,414	$	24,087		$	35,603
Investment income	19		15			17
Interest expense on long-term debt	759		769			808
Other expenses	2,014		2,579			1,800
Income before Equity in Undistributed Net Income of Subsidiaries	43,660		20,754			33,012
Equity in undistributed net income (distribution in excess of net income) of:
Bank subsidiary	13,351		29,926			1,371
Nonbank subsidiaries	899		(141		)	(183		)
Net Income	$	57,910	$	50,539		34,200

Statements of Cash Flows

STATEMENTS OF CASH FLOWS

	Years ended December 31,
(dollars in thousands)	2014			2013			2012
OPERATING ACTIVITIES
Net Income	$	57,910		$	50,539		$	34,200
Equity in undistributed (earnings) losses of subsidiaries	(14,250		)	(29,785		)	(1,188		)
Tax (benefit) expense from stock-based compensation	(16		)	(96		)	30
Other	(106		)	121			1,023
Net Cash Provided by Operating Activities	43,538			20,779			34,065
INVESTING ACTIVITIES
Net investments in subsidiaries	—			—			(5,035		)
Acquisitions	—			—			(14,123		)
Net Cash Used in Investing Activities	—			—			(19,158		)
FINANCING ACTIVITIES
(Purchase) Sale of treasury shares, net	(163		)	(88		)	998
Cash dividends paid to common shareholders	(20,215		)	(18,137		)	(17,357		)
Tax benefit (expense) from stock-based compensation	16			96			(30		)
Net Cash Used in Financing Activities	(20,362		)	(18,129		)	(16,389		)
Net increase (decrease) in cash	23,176			2,650			(1,482		)
Cash at beginning of year	14,852			12,202			13,684
Cash at End of Year	$	38,028		$	14,852		$	12,202