Note 20 - Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
20
. Parent Company Financial Statements
 
Condensed Balance Sheets
 
December 31, (In thousands)
  
2016
    
2015
  
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
   $
44,286
     $
35,964
  
Investment in subsidiaries
    
175,935
      
191,630
  
Other assets
    
1,378
      
1,243
  
Total assets
   $
221,599
     $
228,837
  
Liabilities
 
 
 
 
 
 
 
 
Dividends payable, common stock
   $
751
     $
-
  
Subordinated notes payable to unconsolidated trusts
    
33,506
      
48,970
  
Other liabilities
    
3,276
      
4,169
  
Total liabilities
    
37,533
      
53,139
  
Shareholders’ Equity
 
 
 
 
 
 
 
 
Common stock
    
939
      
937
  
Capital surplus
    
51,885
      
51,608
  
Retained earnings
    
134,650
      
120,371
  
Accumulated other comprehensive (loss) income
    
(3,408
 )    
2,782
  
Total shareholders’ equity
    
184,066
      
175,698
  
Total liabilities and shareholders’ equity
   $
221,599
     $
228,837
  
 
Condensed Statements of
Income and Comprehensive Income
 
Years Ended December 31, (In thousands)
  
2016
    
2015
    
2014
  
Income
 
 
 
 
 
 
 
 
 
 
 
 
Dividends from subsidiaries
   $
24,820
     $
14,426
     $
16,525
  
Interest
   
39
      
12
      
28
  
Gain on debt extinguishment
    
4,050
      
-
      
-
  
Other noninterest income
    
2,442
      
2,555
      
3,132
  
Total income
    
31,351
      
16,993
      
19,685
  
Expense
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense – subordinated notes payable to unconsolidated trusts
    
723
      
866
      
844
  
Noninterest expense
    
5,050
      
4,938
      
3,977
  
Total expense
    
5,773
      
5,804
      
4,821
  
Income before income tax benefit and equity in undistributed income of subsidiaries
    
25,578
      
11,189
      
14,864
  
Income tax expense (benefit)
    
273
      
(1,076
 )    
(555
 )
Income before equity in undistributed income of subsidiaries
    
25,305
      
12,265
      
15,419
  
Equity in undistributed (loss) income of subsidiaries
    
(8,700
 )    
2,727
      
1,040
  
Net income
    
16,605
      
14,992
      
16,459
  
Other comprehensive (loss) income
    
(6,190
 )    
(2,093
 )    
8,087
  
Comprehensive income
   $
10,415
     $
12,899
     $
24,546
  
 
Condensed Statements of Cash Flows
 
Years Ended December 31, (In thousands)
  
2016
    
2015
    
2014
  
Cash Flows From Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income
   $
16,605
     $
14,992
     $
16,459
  
Adjustments to reconcile net income to net cash provided by operating activities:
                        
Equity in undistributed loss (income) of subsidiaries
    
8,700
      
(2,727
 )    
(1,040
 )
Noncash employee stock purchase plan expense
    
7
      
4
      
4
  
Noncash director fee compensation
    
92
      
104
      
82
  
Change in other assets and liabilities, net
    
(1,116
 )    
582
      
454
  
Deferred income tax (benefit) expense
    
(46
 )    
(54
 )    
17
  
Gain on extinguishment of subordinated notes payable to unconsolidated trusts
    
(4,050
 )    
-
      
-
  
Net cash provided by operating activities
    
20,192
      
12,901
      
15,976
  
Cash Flows From Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Return of equity from nonbank subsidiary
    
500
      
1,355
      
1,500
  
Net cash provided by investing activities
    
500
      
1,355
      
1,500
  
Cash Flows From Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Cash paid to extinguish subordinated notes payable to unconsolidated trusts
    
(10,950
 )    
-
      
-
  
Dividends paid, common stock
    
(1,575
 )    
-
      
-
  
Redemption of preferred stock
    
-
      
(10,000
 )    
(20,000
 )
Dividends paid, preferred stock
    
-
      
(508
 )    
(1,990
 )
Shares issued under employee stock purchase plan
    
155
      
130
      
129
  
Net cash used in financing activities
    
(12,370
 )    
(10,378
 )    
(21,861
 )
Net increase (decrease) in cash and cash equivalents
    
8,322
      
3,878
      
(4,385
 )
Cash and cash equivalents at beginning of year
    
35,964
      
32,086
      
36,471
  
Cash and cash equivalents at end of year
   $
44,286
     $
35,964
     $
32,086