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Condensed Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Summary of Balance Sheet of Parent Company | BALANCE SHEETS
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (Dollars in thousands) |
ASSETS |  |  |  |  |  |  |  |
Cash |  | $ | 9,081 |  |  | $ | 5,761 |
Investments in subsidiaries |  |  | 1,003,017 |  |  |  | 946,311 |
Goodwill |  |  | 69,478 |  |  |  | 69,478 |
Core deposit premium |  |  | 8,622 |  |  |  | 9,617 |
Dividends receivable |  |  | 12,750 |  |  |  | 11,622 |
Other assets |  |  | 5,331 |  |  |  | 2,313 |
Total assets |  | $ | 1,108,279 |  |  | $ | 1,045,102 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Other liabilities |  | $ | 13,590 |  |  | $ | 13,309 |
Junior subordinated debentures |  |  | 26,804 |  |  |  | 26,804 |
Stockholders’ equity |  |  | 1,067,885 |  |  |  | 1,004,989 |
Total liabilities and stockholders’ equity |  | $ | 1,108,279 |  |  | $ | 1,045,102 |
Summary of Income Statement of Parent Company | STATEMENTS OF INCOME
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Dollars in thousands) |
OPERATING INCOME |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 50,872 |  |  | $ | 77,559 |  |  | $ | 38,326 |
Interest on interest-bearing deposits |  |  | 1 |  |  |  | 1,150 |  |  |  | 1,151 |
Other |  |  | 886 |  |  |  | 451 |  |  |  | 16 |
Total operating income |  |  | 51,759 |  |  |  | 79,160 |  |  |  | 39,493 |
OPERATING EXPENSE |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  | 1,965 |  |  |  | 1,965 |  |  |  | 2,172 |
Other |  |  | 3,317 |  |  |  | 5,017 |  |  |  | 698 |
Total operating expense |  |  | 5,282 |  |  |  | 6,982 |  |  |  | 2,870 |
Income before taxes and equity in undistributed earnings of subsidiaries |  |  | 46,477 |  |  |  | 72,178 |  |  |  | 36,623 |
Allocated income tax benefit |  |  | 2,610 |  |  |  | 2,731 |  |  |  | 3,093 |
Income before equity in undistributed earnings of subsidiaries |  |  | 49,087 |  |  |  | 74,909 |  |  |  | 39,716 |
Equity in undistributed earnings of subsidiaries |  |  | 51,955 |  |  |  | 61,194 |  |  |  | 87,404 |
Amortization of stock-based compensation arrangements of subsidiaries |  |  | (1,456 | ) |  |  | (1,224 | ) |  |  | (1,306 | )
Net income |  | $ | 99,586 |  |  | $ | 134,879 |  |  | $ | 125,814 |
Summary of Cash Flow of Parent Company | STATEMENTS OF CASH FLOW
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Dollars in thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 99,586 |  |  | $ | 134,879 |  |  | $ | 125,814 |
Adjustments to reconcile to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (51,955 | ) |  |  | (61,194 | ) |  |  | (87,404 | )
Amortization of stock-based compensation arrangements of subsidiaries |  |  | 1,456 |  |  |  | 1,224 |  |  |  | 1,306 |
Other, net |  |  | 188 |  |  |  | (440 | ) |  |  | (2,621 | )
Net cash provided by operating activities |  |  | 49,275 |  |  |  | 74,469 |  |  |  | 37,095 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by acquisitions |  |  | — |  |  |  | — |  |  |  | 41,347 |
Payments for investments in subsidiaries |  |  | (1,000 | ) |  |  | (134,457 | ) |  |  | — |
Other, net |  |  | (1,175 | ) |  |  | (418 | ) |  |  | (174 | )
Net cash (used in) provided by investing activities |  |  | (2,175 | ) |  |  | (134,875 | ) |  |  | 41,173 |
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 1,790 |  |  |  | 2,484 |  |  |  | 2,238 |
Common stock acquired |  |  | (3,098 | ) |  |  | (1,601 | ) |  |  | (7,914 | )
Cash dividends paid |  |  | (42,472 | ) |  |  | (39,805 | ) |  |  | (30,265 | )
Redemption of Junior Subordinated debentures |  |  | — |  |  |  | — |  |  |  | (5,155 | )
Net cash used in financing activities |  |  | (43,780 | ) |  |  | (38,922 | ) |  |  | (41,096 | )
Net increase (decrease) in cash and due from banks |  |  | 3,320 |  |  |  | (99,328 | ) |  |  | 37,172 |
Cash and due from banks at the beginning of the period |  |  | 5,761 |  |  |  | 105,089 |  |  |  | 67,917 |
Cash and due from banks at the end of the period |  | $ | 9,081 |  |  | $ | 5,761 |  |  | $ | 105,089 |
SUPPLEMENTAL DISCLOSURE |  |  |  |  |  |  |  |  |  |  |  |
Cash paid during the period for interest |  | $ | 1,966 |  |  | $ | 5,131 |  |  | $ | 2,171 |
Cash received during the period for income taxes, net |  | $ | 2,812 |  |  | $ | 4,518 |  |  | $ | 3,647 |

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