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PARENT COMPANY FINANCIAL INFORMATION (Tables) - Parent Company | 12 Months Ended
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Dec. 31, 2022
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, 2022 and 2021 (Dollars in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
ASSETS |  | ​ |  |  | ​ |
Cash | ​ | $ | 17,472 | ​ | $ | 105,464
Other assets | ​ |  | 41,942 | ​ |  | 34,376
Investment in subsidiaries | ​ |  | 2,748,863 | ​ |  | 2,988,277
Total assets | ​ | $ | 2,808,277 | ​ | $ | 3,128,117
LIABILITIES AND STOCKHOLDERS' EQUITY | ​ |  |  | ​ |  |
Long-term borrowings | ​ | $ | 247,205 | ​ | $ | 246,895
Trust preferred capital notes | ​ |  | 142,658 | ​ |  | 141,829
Other liabilities | ​ |  | 45,677 | ​ |  | 29,322
Total liabilities | ​ |  | 435,540 | ​ |  | 418,046
Total stockholders' equity | ​ |  | 2,372,737 | ​ |  | 2,710,071
Total liabilities and stockholders' equity | ​ | $ | 2,808,277 | ​ | $ | 3,128,117
​
Financial Information for the Parent Company - Statements of Income and Comprehensive Income | PARENT COMPANY CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE (LOSS) INCOME YEARS ENDED DECEMBER 31, 2022, 2021, and 2020 (Dollars in thousands) ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | ​ | 2020
Income: |  | ​ |  |  | ​ |  |  | ​ |
Dividends received from subsidiaries | ​ | $ | 102,215 | ​ | $ | 119,500 | ​ | $ | 97,880
Other operating income | ​ |  | (286) | ​ |  | 3,770 | ​ |  | 1,338
Total income | ​ |  | 101,929 | ​ |  | 123,270 | ​ |  | 99,218
Expenses: | ​ |  |  | ​ |  |  | ​ |  |
Interest expense | ​ |  | 14,477 | ​ |  | 13,210 | ​ |  | 13,506
Other operating expenses | ​ |  | 9,819 | ​ |  | 17,471 | ​ |  | 8,249
Total expenses | ​ |  | 24,296 | ​ |  | 30,681 | ​ |  | 21,755
Income before income taxes and equity in undistributed net income from subsidiaries | ​ |  | 77,633 | ​ |  | 92,589 | ​ |  | 77,463
Income tax benefit | ​ |  | (10,892) | ​ |  | (12,626) | ​ |  | (5,439)
Equity in undistributed net income from subsidiaries | ​ |  | 145,985 | ​ |  | 158,702 | ​ |  | 75,326
Net income | ​ | $ | 234,510 | ​ | $ | 263,917 | ​ | $ | 158,228
Comprehensive (loss) income | ​ | $ | (202,411) | ​ | $ | 211,537 | ​ | $ | 193,668
​
Financial Information for the Parent Company - Statements of Cash Flows | PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2022, 2021, and 2020 (Dollars in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Operating activities: |  | ​ |  |  | ​ |  |  | ​ |
Net income | ​ | $ | 234,510 | ​ | $ | 263,917 | ​ | $ | 158,228
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Equity in undistributed net income of subsidiaries | ​ |  | (145,985) | ​ |  | (158,702) | ​ |  | (75,326)
Non-cash dividend | ​ | ​ | (27,215) | ​ | ​ | — | ​ | ​ | —
Depreciation of premises and equipment | ​ |  | — | ​ |  | 414 | ​ |  | 439
Write-down of corporate facilities | ​ | ​ | — | ​ | ​ | 7,429 | ​ | ​ | —
Acquisition accounting amortization, net | ​ |  | 829 | ​ |  | 806 | ​ |  | 735
Issuance of common stock for services | ​ |  | 819 | ​ |  | 567 | ​ |  | 804
Net increase in other assets | ​ |  | (9,663) | ​ |  | (10,726) | ​ |  | (3,005)
Net increase in other liabilities | ​ |  | 11,370 | ​ |  | 12,944 | ​ |  | 10,038
Net cash provided by operating activities | ​ |  | 64,665 | ​ |  | 116,649 | ​ |  | 91,913
Investing activities: | ​ |  |  | ​ |  |  | ​ |  |
Net increase in premises and equipment | ​ |  | — | ​ |  | — | ​ |  | (306)
Proceeds from sale of former bank premises | ​ |  | 2,524 | ​ |  | — | ​ |  | —
Increase in equity method investments | ​ | ​ | (8,830) | ​ | ​ | (4,188) | ​ | ​ | (2,353)
Net cash used in investing activities | ​ |  | (6,306) | ​ |  | (4,188) | ​ |  | (2,659)
Financing activities: | ​ |  |  | ​ |  |  | ​ |  |
Repayments of long-term borrowings | ​ |  | — | ​ |  | (150,000) | ​ |  | (8,500)
Net proceeds from issuance of long-term borrowings | ​ |  | — | ​ |  | 246,869 | ​ |  | —
Cash dividends paid - common stock | ​ |  | (86,899) | ​ |  | (84,307) | ​ |  | (78,860)
Cash dividends paid - preferred stock | ​ | ​ | (11,868) | ​ | ​ | (11,868) | ​ | ​ | (5,658)
Repurchase of common stock | ​ |  | (48,231) | ​ |  | (125,000) | ​ |  | (49,879)
Issuance of common stock | ​ | ​ | 3,875 | ​ | ​ | 3,141 | ​ | ​ | 1,013
Issuance of preferred stock, net | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 166,356
Vesting of restricted stock, net of shares held for taxes | ​ |  | (3,228) | ​ |  | (2,580) | ​ |  | (2,261)
Net cash (used in) provided by financing activities | ​ |  | (146,351) | ​ |  | (123,745) | ​ |  | 22,211
(Decrease) increase in cash and cash equivalents | ​ |  | (87,992) | ​ |  | (11,284) | ​ |  | 111,465
Cash, cash equivalents and restricted cash at beginning of the period | ​ |  | 105,464 | ​ |  | 116,748 | ​ |  | 5,283
Cash, cash equivalents and restricted cash at end of the period | ​ | $ | 17,472 | ​ | $ | 105,464 | ​ | $ | 116,748

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