XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.20.4

Parent Holding Company Information (Condensed) | 12 Months Ended
--- | ---
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Parent Holding Company Information (Condensed) | Parent Holding Company Information (Condensed) The following condensed financial information was the unconsolidated information for the parent holding company: Condensed Statements of Financial Condition
(Dollars in thousands) | December 31, 2020 |  | December 31, 2019
Assets |  |  |
Cash on hand and in banks | $ | 41,451 |  |  | 23,491 |
Interest bearing cash deposits | 43,975 |  |  | 34,345 |
Cash and cash equivalents | 85,426 |  |  | 57,836 |
Other assets | 11,823 |  |  | 12,966 |
Investment in subsidiaries | 2,369,040 |  |  | 2,063,011 |
Total assets | $ | 2,466,289 |  |  | 2,133,813 |
Liabilities and Stockholders’ Equity |  |  |
Dividends payable | $ | 14,717 |  |  | 18,821 |
Subordinated debentures | 139,959 |  |  | 139,914 |
Other liabilities | 4,572 |  |  | 14,345 |
Total liabilities | 159,248 |  |  | 173,080 |
Common stock | 954 |  |  | 923 |
Paid-in capital | 1,495,053 |  |  | 1,378,534 |
Retained earnings | 667,944 |  |  | 541,050 |
Accumulated other comprehensive income (loss) | 143,090 |  |  | 40,226 |
Total stockholders’ equity | 2,307,041 |  |  | 1,960,733 |
Total liabilities and stockholders’ equity | $ | 2,466,289 |  |  | 2,133,813 |
Condensed Statements of Operations and Comprehensive Income
| Years ended
(Dollars in thousands) | December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Income |  |  |  |  |
Dividends from subsidiaries | $ | 188,000 |  |  | 142,000 |  |  | 153,574 |
Intercompany charges for services | 2,332 |  |  | 20,661 |  |  | 16,523 |
Other income | 954 |  |  | 513 |  |  | 1,284 |
Total income | 191,286 |  |  | 163,174 |  |  | 171,381 |
Expenses |  |  |  |  |
Compensation and employee benefits | 5,646 |  |  | 25,806 |  |  | 20,873 |
Other operating expenses | 10,051 |  |  | 15,118 |  |  | 12,201 |
Total expenses | 15,697 |  |  | 40,924 |  |  | 33,074 |
Income before income tax benefit and equity in undistributed net income of subsidiaries | 175,589 |  |  | 122,250 |  |  | 138,307 |
Income tax benefit | 3,108 |  |  | 4,488 |  |  | 3,773 |
Income before equity in undistributed net income of subsidiaries | 178,697 |  |  | 126,738 |  |  | 142,080 |
Equity in undistributed net income of subsidiaries | 87,703 |  |  | 83,806 |  |  | 39,798 |
Net Income | $ | 266,400 |  |  | 210,544 |  |  | 181,878 |
Comprehensive Income | $ | 369,264 |  |  | 260,197 |  |  | 174,430 |
Condensed Statements of Cash Flows
| Years ended
(Dollars in thousands) | December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Operating Activities |  |  |  |  |
Net income | $ | 266,400 |  |  | 210,544 |  |  | 181,878 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Subsidiary income in excess of dividends distributed | (87,703) |  |  | (83,806) |  |  | (39,798) |
Stock-based compensation, net of tax benefits | 1,216 |  |  | 1,320 |  |  | 1,219 |
Net change in other assets and other liabilities | (7,222) |  |  | 1,854 |  |  | (3,209) |
Net cash provided by operating activities | 172,691 |  |  | 129,912 |  |  | 140,090 |
Investing Activities |  |  |  |  |
Net additions of premises and equipment | (111) |  |  | (114) |  |  | (300) |
Proceeds from sale of marketable equity securities | — |  |  | 89 |  |  | — |
Equity contributions to subsidiaries | (13,638) |  |  | (13,485) |  |  | (24,989) |
Net cash used in investing activities | (13,749) |  |  | (13,510) |  |  | (25,289) |
Financing Activities |  |  |  |  |
Net decrease in other borrowed funds | — |  |  | — |  |  | (11,543) |
Cash dividends paid | (131,263) |  |  | (124,468) |  |  | (85,493) |
Tax withholding payments for stock-based compensation | (1,082) |  |  | (1,293) |  |  | (1,214) |
Proceeds from stock option exercises | 993 |  |  | 2,896 |  |  | 24 |
Net cash used in financing activities | (131,352) |  |  | (122,865) |  |  | (98,226) |
Net increase (decrease) in cash, cash equivalents and restricted cash | 27,590 |  |  | (6,463) |  |  | 16,575 |
Cash, cash equivalents and restricted cash at beginning of period | 57,836 |  |  | 64,299 |  |  | 47,724 |
Cash, cash equivalents and restricted cash at end of period | $ | 85,426 |  |  | 57,836 |  |  | 64,299 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration