XML 125 R105.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Assets        
Cash and interest-bearing deposits in banks $ 31,687 $ 37,170    
Securities available-for-sale 341,873 318,159    
Other assets 10,131 6,352    
Total assets 1,943,340 1,927,733    
Liabilities:        
Junior subordinated debentures 22,167 22,167    
Other 7,482 4,771    
Total liabilities 1,728,964 1,714,596    
Stockholders’ equity 214,376 213,137 $ 209,012 $ 190,749
Total liabilities and stockholders’ equity 1,943,340 1,927,733    
Expenses:        
Professional fees 1,855 1,560 1,802  
Income before income taxes 13,296 15,600 26,468  
Income tax benefit (3,857) (4,583) (7,358)  
Net earnings 9,439 11,017 19,110  
Cash flows from operating activities:        
Net earnings 9,439 11,017 19,110  
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Net cash provided by operating activities 26,843 29,185 29,758  
Cash flows from investing activities:        
Purchases of securities available-for-sale (104,491) (156,449) (1,250)  
Proceeds from maturities and calls of securities available-for-sale 68,696 70,934 48,464  
Proceeds from sale of securities available-for-sale 6,803 40,277 22,153  
Net cash used in investing activities (39,832) (12,297) (65,313)  
Cash flows from financing activities:        
Proceeds from exercise of stock options 0 99 643  
Payment of dividends on preferred stock (2,221) (689) (704)  
Payment of dividends on common stock (4,095) (4,086) (3,838)  
Repayments of notes payable 0 0 (1,000)  
Net cash provided by (used in) financing activities 6,016 (14,559) 62,696  
Net (decrease) increase in cash and cash equivalents (6,973) 2,329 27,141  
Cash and cash equivalents, beginning of year 89,201 86,872 59,731  
Cash and cash equivalents, end of year 82,228 89,201 86,872  
Parent Company        
Assets        
Cash and interest-bearing deposits in banks 16,705 14,795    
Other assets 2,058 2,117    
Investment in and advances to subsidiaries 220,906 220,753    
Total assets 239,669 237,665    
Liabilities:        
Dividends payable 1,835 1,195    
Junior subordinated debentures 22,167 22,167    
ESOP obligation 1,233 1,093    
Other 58 73    
Total liabilities 25,293 24,528    
Stockholders’ equity 214,376 213,137    
Total liabilities and stockholders’ equity 239,669 237,665    
Revenue:        
Dividends from Bank and nonbank subsidiaries 9,000 9,000 15,500  
Gain on sale of securities 0 1,125 0  
Rental and other income 57 57 87  
Total revenue 9,057 10,182 15,587  
Expenses:        
Interest on short- and long-term debt 704 613 1,087  
Professional fees 236 253 217  
Other expenses 785 733 844  
Total expenses 1,725 1,599 2,148  
Income before income taxes 7,332 8,583 13,439  
Equity in undistributed earnings of subsidiaries 1,529 2,317 4,955  
Income tax benefit 578 117 716  
Net earnings 9,439 11,017 19,110  
Cash flows from operating activities:        
Net earnings 9,439 11,017 19,110  
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Undistributed earnings of subsidiaries (1,529) (2,317) (4,955)  
Gain on sale of securities available-for-sale 0 (1,125) 0  
Other, net 73 528 (872)  
Net cash provided by operating activities 7,983 8,103 13,283  
Cash flows from investing activities:        
Proceeds from maturities and calls of securities available-for-sale 0 0 198  
Proceeds from sale of securities available-for-sale 0 1,392 0  
Other, net 0 (83) 217  
Net cash used in investing activities 0 1,309 415  
Cash flows from financing activities:        
Proceeds from exercise of stock options 0 99 643  
Payment of dividends on preferred stock (2,221) (689) (704)  
Payment of dividends on common stock (4,095) (4,086) (3,838)  
Purchase of treasury stock 0 0 (9)  
Repayments of notes payable 0 0 (8,217)  
Other, net 243 607 0  
Net cash provided by (used in) financing activities (6,073) (4,069) (12,125)  
Net (decrease) increase in cash and cash equivalents 1,910 5,343 1,573  
Cash and cash equivalents, beginning of year 14,795 9,452 7,879  
Cash and cash equivalents, end of year $ 16,705 $ 14,795 $ 9,452