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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets |
Parent Company
Condensed Balance Sheets
(Dollars in thousands) | December 31, 2018 |  | December 31, 2017
Assets |  |  |
Cash and due from banks | $ | 7,188 |  |  | $ | 45,411 |
Overnight investments | 385 |  |  | 14,476 |
Investment in marketable equity securities | 92,599 |  |  | — |
Investment securities available for sale | 6,456 |  |  | 117,513 |
Investment in banking subsidiaries | 3,314,292 |  |  | 3,203,491 |
Investment in other subsidiaries | 41,830 |  |  | 41,165 |
Due from subsidiaries | 814 |  |  | 4 |
Note to banking subsidiaries | 100,000 |  |  | — |
Other assets | 42,810 |  |  | 46,674 |
Total assets | $ | 3,606,374 |  |  | $ | 3,468,734 |
Liabilities and Shareholders' Equity |  |  |
Short-term borrowings | $ | — |  |  | $ | 15,000 |
Long-term obligations | 105,546 |  |  | 107,479 |
Due to subsidiaries | 299 |  |  | 728 |
Other liabilities | 11,575 |  |  | 11,463 |
Shareholders' equity | 3,488,954 |  |  | 3,334,064 |
Total liabilities and shareholders' equity | $ | 3,606,374 |  |  | $ | 3,468,734 |
Condensed Income Statements |
Parent Company
Condensed Income Statements
| Year ended December 31
(Dollars in thousands) | 2018 |  | 2017 |  | 2016
Interest and dividend income | $ | 1,362 |  |  | $ | 921 |  |  | $ | 1,110 |
Interest expense | 5,154 |  |  | 4,814 |  |  | 6,067 |
Net interest loss | (3,792 | ) |  | (3,893 | ) |  | (4,957 | )
Dividends from banking subsidiaries | 242,910 |  |  | 50,424 |  |  | 90,055 |
Marketable equity securities losses, net | (7,610 | ) |  | — |  |  | — |
Other income | 347 |  |  | 8,437 |  |  | 9,330 |
Other operating expense | 11,127 |  |  | 6,881 |  |  | 5,641 |
Income before income tax benefit and equity in undistributed net income of subsidiaries | 220,728 |  |  | 48,087 |  |  | 88,787 |
Income tax benefit | (5,184 | ) |  | (5,395 | ) |  | (730 | )
Income before equity in undistributed net income of subsidiaries | 225,912 |  |  | 53,482 |  |  | 89,517 |
Equity in undistributed net income of subsidiaries | 174,401 |  |  | 270,270 |  |  | 135,965 |
Net income | $ | 400,313 |  |  | $ | 323,752 |  |  | $ | 225,482 |
Condensed Statements of Cash Flows |
Parent Company
Condensed Statements of Cash Flows
| Year ended December 31
(Dollars in thousands) | 2018 |  | 2017 |  | 2016
OPERATING ACTIVITIES |  |  |  |  |
Net income | $ | 400,313 |  |  | $ | 323,752 |  |  | $ | 225,482 |
Adjustments |  |  |  |  |
Undistributed net income of subsidiaries | (174,401 | ) |  | (270,270 | ) |  | (135,965 | )
Net amortization of premiums and discounts | 88 |  |  | 759 |  |  | 398 |
Change in the fair value of marketable equity securities | 7,610 |  |  | — |  |  | — |
Gain on extinguishment of debt | (160 | ) |  | (919 | ) |  | (1,717 | )
Securities gains | — |  |  | (8,003 | ) |  | (9,446 | )
Change in other assets | 3,657 |  |  | (10,509 | ) |  | (980 | )
Change in other liabilities | (2,595 | ) |  | 6,310 |  |  | 2,483 |
Net cash provided by operating activities | 234,512 |  |  | 41,120 |  |  | 80,255 |
INVESTING ACTIVITIES |  |  |  |  |
Net change in loans | (100,000 | ) |  | — |  |  | — |
Net change in due to subsidiaries | (810 | ) |  | (4 | ) |  | — |
Net change in overnight investments | 14,091 |  |  | 11,681 |  |  | (24,741 | )
Purchases of marketable equity securities | (2,818 | ) |  | — |  |  | — |
Proceeds from sales of marketable equity securities | 9,528 |  |  |  |  |
Purchases of investment securities | (6,438 | ) |  | (28,012 | ) |  | (93,003 | )
Proceeds from sales, calls, and maturities of securities | 9,997 |  |  | 32,463 |  |  | 38,316 |
Net cash (used) provided by investing activities | (76,450 | ) |  | 16,128 |  |  | (79,428 | )
FINANCING ACTIVITIES |  |  |  |  |
Net change in due from subsidiaries | 429 |  |  | (1,622 | ) |  | 2,296 |
Net change in short-term borrowings | (15,000 | ) |  | — |  |  | — |
Repayment of long-term obligations | (1,840 | ) |  | (4,081 | ) |  | (5,302 | )
Repurchase of common stock | (163,095 | ) |  | — |  |  | — |
Cash dividends paid | (16,779 | ) |  | (14,412 | ) |  | (14,412 | )
Net cash used by financing activities | (196,285 | ) |  | (20,115 | ) |  | (17,418 | )
Net change in cash | (38,223 | ) |  | 37,133 |  |  | (16,591 | )
Cash balance at beginning of year | 45,411 |  |  | 8,278 |  |  | 24,869 |
Cash balance at end of year | $ | 7,188 |  |  | $ | 45,411 |  |  | $ | 8,278 |
CASH PAYMENTS FOR: |  |  |  |  |
Interest | $ | 5,154 |  |  | $ | 4,814 |  |  | $ | 4,006 |
Income taxes | 73,806 |  |  | 88,565 |  |  | 108,741 |

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