Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Parent Company Financial Information [Abstract]

Condensed Statements Of Condition

Condensed Statements of Condition		December 31,
		2015		2014
Assets:
Cash and due from subsidiary	$	15,787	$	9,559
Investment in and receivables due from subsidiary		318,928		273,237
Other assets		4,451		3,433
Total assets	$	339,166	$	286,229
Liabilities and shareholders' equity:
Long-term borrowings, net of issuance costs of $1,010	$	38,990	$	-
Other liabilities		6,332		6,697
Shareholders' equity		293,844		279,532
Total liabilities and shareholders' equity	$	339,166	$	286,229

Condensed Statements Of Income

Condensed Statements of Income		Years ended December 31,
		2015		2014	2013
Dividends from subsidiary and associated companies	$	16,000	$	20,920	$	15,000
Management and service fees from subsidiary		599		417		368
Other income		1,175		74		71
Total income		17,774		21,411		15,439
Interest expense		1,750		-		-
Operating expenses		3,509		3,437		2,906
Total expense		5,259		3,437		2,906
Income before income tax benefit and equity in undistributed
earnings of subsidiary		12,515		17,974		12,533
Income tax benefit		1,814		1,120		1,020
Income before equity in undistributed earnings of subsidiary		14,329		19,094		13,553
Equity in undistributed earnings of subsidiary		14,008		10,261		11,977
Net income	$	28,337	$	29,355	$	25,530

Condensed Statements Of Cash Flows

Condensed Statements of Cash Flows		Years ended December 31,
		2015			2014			2013
Cash flows from operating activities:
Net income	$	28,337		$	29,355		$	25,530
Adjustments to reconcile net income to net cash provided
by operating activities:
Equity in undistributed earnings of subsidiary		(14,008	)		(10,261	)		(11,977	)
Depreciation and amortization		97			48			47
Share-based compensation		674			471			407
(Increase) decrease in other assets		(1,069	)		5,661			166
Decrease in other liabilities		(258	)		(5,717	)		(17	)
Net cash provided by operating activities		13,773			19,557			14,156
Cash flows from investing activities:
Capital investment in Five Star Bank		(34,000	)		-			-
Net cash paid for acquisition		-			(7,995	)		-
Net cash used in investing activities		(34,000	)		(7,995	)		-
Cash flows from financing activities:
Issuance of long-term debt, net of issuance costs		38,940			-			-
Purchase of preferred and common shares		(202	)		(196	)		(360	)
Proceeds from stock options exercised		359			667			448
Dividends paid		(12,721	)		(11,984	)		(11,218	)
Other		79			-			(118	)
Net cash provided by (used in) financing activities		26,455			(11,513	)		(11,248	)
Net increase in cash and cash equivalents		6,228			49			2,908
Cash and cash equivalents as of beginning of year		9,559			9,510			6,602
Cash and cash equivalents as of end of the year	$	15,787		$	9,559		$	9,510