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PARENT COMPANY FINANCIAL INFORMATION (Tables) - Parent Company | 12 Months Ended
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Dec. 31, 2018
Financial Information for the Parent Company - Balance Sheets | Financial information for the Parent Company is as follows: PARENT COMPANY CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2018 and 2017 (Dollars in thousands)
| 2018 |  | 2017
ASSETS |  |  |  |  |
Cash | $ | 3,681 |  |  | $ | 2,611 |
Premises and equipment, net | 10,637 |  |  | 11,061 |
Other assets | 13,386 |  |  | 15,036 |
Investment in subsidiaries | 2,202,530 |  |  | 1,263,545 |
Total assets | $ | 2,230,234 |  |  | $ | 1,292,253 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
Short-term borrowings | 5,000 |  |  | — |
Long-term borrowings | 157,057 |  |  | 148,201 |
Trust preferred capital notes | 134,342 |  |  | 86,819 |
Other liabilities | 9,254 |  |  | 10,904 |
Total liabilities | 305,653 |  |  | 245,924 |
Total stockholders' equity | 1,924,581 |  |  | 1,046,329 |
Total liabilities and stockholders' equity | $ | 2,230,234 |  |  | $ | 1,292,253 |
Financial Information for the Parent Company - Statements of Income and Comprehensive Income | PARENT COMPANY CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2018, 2017, and 2016 (Dollars in thousands)
| 2018 |  | 2017 |  | 2016
Income: |  |  |  |  |  |  |  |
Interest and dividend income | $ | — |  |  | $ | 3 |  |  | $ | 23 |
Dividends received from subsidiaries | 50,750 |  |  | 33,350 |  |  | 51,439 |
Other operating income | 2,719 |  |  | 1,308 |  |  | 1,314 |
Total income | 53,469 |  |  | 34,661 |  |  | 52,776 |
Expenses: |  |  |  |  |  |  |  |
Interest expense | 15,253 |  |  | 11,423 |  |  | 5,656 |
Other operating expenses | 13,782 |  |  | 7,130 |  |  | 5,214 |
Total expenses | 29,035 |  |  | 18,553 |  |  | 10,870 |
Income before income taxes and equity in undistributed net income from subsidiaries | 24,434 |  |  | 16,108 |  |  | 41,906 |
Income tax benefit | (6,176 | ) |  | (9,169 | ) |  | (3,586 | )
Equity in undistributed net income from subsidiaries | 115,638 |  |  | 47,646 |  |  | 31,984 |
Net income | $ | 146,248 |  |  | $ | 72,923 |  |  | $ | 77,476 |
Comprehensive income | $ | 136,905 |  |  | $ | 75,848 |  |  | $ | 67,415 |
Financial Information for the Parent Company - Statements of Cash Flows | PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2018, 2017, and 2016 (Dollars in thousands)
| 2018 |  | 2017 |  | 2016
Operating activities: |  |  |  |  |  |  |  |
Net income | $ | 146,248 |  |  | $ | 72,923 |  |  | $ | 77,476 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries | (115,638 | ) |  | (47,646 | ) |  | (31,984 | )
Depreciation of premises and equipment | 424 |  |  | 439 |  |  | 438 |
Acquisition accounting amortization, net | 636 |  |  | 260 |  |  | 247 |
Gain on sale of investment | (1,416 | ) |  | — |  |  | — |
Issuance of common stock grants for services | 914 |  |  | 724 |  |  | 533 |
Net (increase) decrease in other assets | (584 | ) |  | (4,167 | ) |  | (2,402 | )
Net increase in other liabilities | (4,159 | ) |  | 5,283 |  |  | 5,533 |
Net cash and cash equivalents provided by operating activities | 26,425 |  |  | 27,816 |  |  | 49,841 |
Investing activities: |  |  |  |  |  |  |  |
Net increase in premises and equipment | — |  |  | (35 | ) |  | (33 | )
Proceeds from sale of investment | 3,761 |  |  | — |  |  | — |
Proceeds from (payments for) equity method investment | — |  |  | 72 |  |  | — |
Payments for investments in and advances to subsidiaries | — |  |  | — |  |  | (125,000 | )
Repayment of investments in and advances to subsidiaries | — |  |  | — |  |  | 540 |
Cash received in acquisitions | 25,976 |  |  | — |  |  | — |
Net cash and cash equivalents provided by (used in) investing activities | 29,737 |  |  | 37 |  |  | (124,493 | )
Financing activities: |  |  |  |  |  |  |  |
Repayments of short-term borrowings | 5,000 |  |  | — |  |  | — |
Repayments of long-term borrowings | — |  |  | — |  |  | (7,500 | )
Proceeds from issuance of long-term borrowings | — |  |  | — |  |  | 148,000 |
Cash dividends paid | (58,001 | ) |  | (35,393 | ) |  | (33,672 | )
Cancellation of warrants | (1,530 | ) |  | — |  |  | — |
Issuance (repurchase) of common stock | 2,347 |  |  | 1,037 |  |  | (31,295 | )
Vesting of restricted stock, including tax effects | (2,908 | ) |  | (1,567 | ) |  | (586 | )
Net cash and cash equivalents provided by (used in) financing activities | (55,092 | ) |  | (35,923 | ) |  | 74,947 |
Net increase (decrease) in cash and cash equivalents | 1,070 |  |  | (8,070 | ) |  | 295 |
Cash and cash equivalents at beginning of the period | 2,611 |  |  | 10,681 |  |  | 10,386 |
Cash and cash equivalents at end of the period | $ | 3,681 |  |  | $ | 2,611 |  |  | $ | 10,681 |
Supplemental schedule of noncash investing and financing activities |  |  |  |  |  |  |  |
Issuance of common stock in exchange for net assets in acquisition | $ | 794,809 |  |  | $ | — |  |  | $ | — |
Transactions related to bank acquisition |  |  |  |  |  |  |  |
Assets acquired | 859,176 |  |  | — |  |  | — |
Liabilities assumed | 64,367 |  |  | — |  |  | — |

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