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Parent Company Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets - Parent Company Only | Condensed Balance Sheets—Parent Company Only
|  | December 31,
2018 |  | 2017
|  | (in thousands)
Assets |  |  |  |
Cash and due from banking subsidiary |  | $ | 945 |  |  | $ | 533 |
Interest-earning deposits |  | 7,226 |  |  | 8,765 |
Total cash and cash equivalents |  | 8,171 |  |  | 9,298 |
Investment in banking subsidiary |  | 2,049,855 |  |  | 1,971,788 |
Investment in other subsidiaries |  | 5,312 |  |  | 5,157 |
Goodwill |  | 4,729 |  |  | 4,729 |
Other assets |  | 1,595 |  |  | 3,426 |
Total assets |  | $ | 2,069,662 |  |  | $ | 1,994,398 |
Liabilities and Shareholders’ Equity |  |  |  |
Subordinated debentures |  | $ | 35,462 |  |  | $ | 35,647 |
Junior subordinated debentures |  | — |  |  | 8,248 |
Other liabilities |  | 551 |  |  | 581 |
Total liabilities |  | 36,013 |  |  | 44,476 |
Shareholders’ equity |  | 2,033,649 |  |  | 1,949,922 |
Total liabilities and shareholders’ equity |  | $ | 2,069,662 |  |  | $ | 1,994,398 |
Condensed Statements of Income - Parent Company Only | Condensed Statements of Income—Parent Company Only
|  | Years Ended December 31,
2018 |  | 2017 |  | 2016
(in thousands)
Income |  |  |  |  |  |
Dividend from banking subsidiary |  | $ | 85,250 |  |  | $ | 66,800 |  |  | $ | 83,500 |
Interest-earning deposits |  | 12 |  |  | 2 |  |  | 4 |
Other income |  | 56 |  |  | 8 |  |  | 8 |
Total income |  | 85,318 |  |  | 66,810 |  |  | 83,512 |
Expense |  |  |  |  |  |
Compensation and employee benefits |  | 978 |  |  | 732 |  |  | 543 |
Subordinated debentures interest expense |  | 1,871 |  |  | 304 |  |  | — |
Other borrowings interest expense |  | 4 |  |  | 60 |  |  | — |
Other expense |  | 2,058 |  |  | 3,090 |  |  | 1,608 |
Total expenses |  | 4,911 |  |  | 4,186 |  |  | 2,151 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries |  | 80,407 |  |  | 62,624 |  |  | 81,361 |
Income tax benefit |  | (1,017 | ) |  | (548 | ) |  | (748 | )
Income before equity in undistributed earnings of subsidiaries |  | 81,424 |  |  | 63,172 |  |  | 82,109 |
Equity in undistributed earnings of subsidiaries |  | 91,458 |  |  | 49,656 |  |  | 22,757 |
Net income |  | $ | 172,882 |  |  | $ | 112,828 |  |  | $ | 104,866 |
Condensed Statements of Cash Flows - Parent Company Only | Condensed Statements of Cash Flows—Parent Company Only
|  | Years Ended December 31,
2018 |  | 2017 |  | 2016
(in thousands)
Operating Activities |  |  |  |  |  |
Net income |  | $ | 172,882 |  |  | $ | 112,828 |  |  | $ | 104,866 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  | (91,458 | ) |  | (49,656 | ) |  | (22,757 | )
Stock-based compensation expense |  | 8,354 |  |  | 7,745 |  |  | 5,009 |
Net changes in other assets and liabilities |  | 1,622 |  |  | 1,672 |  |  | (394 | )
Net cash provided by operating activities |  | 91,400 |  |  | 72,589 |  |  | 86,724 |
Investing Activities |  |  |  |  |  |
Net cash paid in business combinations |  | — |  |  | (580 | ) |  | — |
Net cash provided by investing activities |  | — |  |  | (580 | ) |  | — |
Financing Activities |  |  |  |  |  |
Preferred stock dividends |  | — |  |  | — |  |  | (157 | )
Common stock dividends |  | (83,459 | ) |  | (51,308 | ) |  | (88,677 | )
Repayment of junior subordinated debentures |  | (8,248 | ) |  | (6,186 | ) |  | — |
Cash settlement of acquired equity awards |  | — |  |  | (7,345 | ) |  | — |
Purchase and retirement of common stock |  | (2,677 | ) |  | (2,299 | ) |  | (1,125 | )
Proceeds from exercise of stock options |  | 1,857 |  |  | 1,980 |  |  | 1,349 |
Excess tax benefit associated with share-based compensation |  | — |  |  | — |  |  | 344 |
Net cash used in financing activities |  | (92,527 | ) |  | (65,158 | ) |  | (88,266 | )
Increase (decrease) in cash and cash equivalents |  | (1,127 | ) |  | 6,851 |  |  | (1,542 | )
Cash and cash equivalents at beginning of year |  | 9,298 |  |  | 2,447 |  |  | 3,989 |
Cash and cash equivalents at end of year |  | $ | 8,171 |  |  | $ | 9,298 |  |  | $ | 2,447 |
Supplemental disclosure of noncash investing and financing activities |  |  |  |  |  |
Share-based consideration issued in business combinations |  | $ | — |  |  | $ | 636,385 |  |  | $ | — |

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