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Parent Company Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets - Parent Company Only | Condensed Balance Sheets—Parent Company Only
|  | December 31,
2019 |  | 2018
|  | (in thousands)
Assets |  |  |  |
Cash |  | $ | 6,088 |  |  | $ | 945 |
Interest-earning deposits |  | 21,717 |  |  | 7,226 |
Total cash and cash equivalents |  | 27,805 |  |  | 8,171 |
Investment in banking subsidiary |  | 2,156,039 |  |  | 2,049,855 |
Investment in other subsidiaries |  | 5,671 |  |  | 5,312 |
Goodwill |  | 4,729 |  |  | 4,729 |
Other assets |  | 1,675 |  |  | 1,595 |
Total assets |  | $ | 2,195,919 |  |  | $ | 2,069,662 |
Liabilities and Shareholders’ Equity |  |  |  |
Subordinated debentures |  | $ | 35,277 |  |  | $ | 35,462 |
Other liabilities |  | 680 |  |  | 551 |
Total liabilities |  | 35,957 |  |  | 36,013 |
Shareholders’ equity |  | 2,159,962 |  |  | 2,033,649 |
Total liabilities and shareholders’ equity |  | $ | 2,195,919 |  |  | $ | 2,069,662 |
Condensed Statements of Income - Parent Company Only | Condensed Statements of Income—Parent Company Only
|  | Years Ended December 31,
2019 |  | 2018 |  | 2017
(in thousands)
Income |  |  |  |  |  |
Dividend from banking subsidiary |  | $ | 168,000 |  |  | $ | 85,250 |  |  | $ | 66,800 |
Interest-earning deposits |  | 100 |  |  | 12 |  |  | 2 |
Other income |  | 68 |  |  | 56 |  |  | 8 |
Total income |  | 168,168 |  |  | 85,318 |  |  | 66,810 |
Expense |  |  |  |  |  |
Compensation and employee benefits |  | 791 |  |  | 978 |  |  | 732 |
Subordinated debentures interest expense |  | 1,871 |  |  | 1,871 |  |  | 304 |
Other borrowings interest expense |  | — |  |  | 4 |  |  | 60 |
Other expense |  | 2,111 |  |  | 2,058 |  |  | 3,090 |
Total expenses |  | 4,773 |  |  | 4,911 |  |  | 4,186 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries |  | 163,395 |  |  | 80,407 |  |  | 62,624 |
Income tax benefit |  | (967 | ) |  | (1,017 | ) |  | (548 | )
Income before equity in undistributed earnings of subsidiaries |  | 164,362 |  |  | 81,424 |  |  | 63,172 |
Equity in undistributed earnings of subsidiaries |  | 30,089 |  |  | 91,458 |  |  | 49,656 |
Net income |  | $ | 194,451 |  |  | $ | 172,882 |  |  | $ | 112,828 |
Condensed Statements of Cash Flows - Parent Company Only | Condensed Statements of Cash Flows—Parent Company Only
|  | Years Ended December 31,
2019 |  | 2018 |  | 2017
(in thousands)
Operating Activities |  |  |  |  |  |
Net income |  | $ | 194,451 |  |  | $ | 172,882 |  |  | $ | 112,828 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  | (30,089 | ) |  | (91,458 | ) |  | (49,656 | )
Stock-based compensation expense |  | 9,271 |  |  | 8,354 |  |  | 7,745 |
Net changes in other assets and liabilities |  | (133 | ) |  | 1,622 |  |  | 1,672 |
Net cash provided by operating activities |  | 173,500 |  |  | 91,400 |  |  | 72,589 |
Investing Activities |  |  |  |  |  |
Net cash paid in business combinations |  | — |  |  | — |  |  | (580 | )
Net cash used in investing activities |  | — |  |  | — |  |  | (580 | )
Financing Activities |  |  |  |  |  |
Common stock dividends |  | (102,265 | ) |  | (83,459 | ) |  | (51,308 | )
Repayment of junior subordinated debentures |  | — |  |  | (8,248 | ) |  | (6,186 | )
Cash settlement of acquired equity awards |  | — |  |  | — |  |  | (7,345 | )
Purchase and retirement of common stock |  | (2,792 | ) |  | (2,677 | ) |  | (2,299 | )
Purchase of treasury shares |  | (50,834 | ) |  | — |  |  | — |
Proceeds from exercise of stock options |  | 2,025 |  |  | 1,857 |  |  | 1,980 |
Net cash used in financing activities |  | (153,866 | ) |  | (92,527 | ) |  | (65,158 | )
Increase (decrease) in cash and cash equivalents |  | 19,634 |  |  | (1,127 | ) |  | 6,851 |
Cash and cash equivalents at beginning of year |  | 8,171 |  |  | 9,298 |  |  | 2,447 |
Cash and cash equivalents at end of year |  | $ | 27,805 |  |  | $ | 8,171 |  |  | $ | 9,298 |
Supplemental disclosure of noncash investing and financing activities |  |  |  |  |  |
Share-based consideration issued in business combinations |  | $ | — |  |  | $ | — |  |  | $ | 636,385 |

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