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Condensed Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Summary of Balance Sheet of Parent Company | BALANCE SHEETS
|  | December 31, |
|  | 2023 |  |  | 2022 |
|  | (Dollars in thousands) |
ASSETS |  |  |  |  |  |
Cash |  | $ | 91,454 |  |  | $ | 17,806 |
Investments in subsidiaries |  |  | 1,315,124 |  |  |  | 1,206,246 |
Goodwill |  |  | 101,611 |  |  |  | 101,611 |
Core deposit premium |  |  | 10,428 |  |  |  | 12,009 |
Dividends receivable |  |  | 17,091 |  |  |  | 15,682 |
Other assets |  |  | 2,262 |  |  |  | 1,731 |
Total assets |  | $ | 1,537,970 |  |  | $ | 1,355,085 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Other liabilities |  | $ | 17,978 |  |  | $ | 18,205 |
Subordinated debt |  |  | 86,101 |  |  |  | 86,044 |
Stockholders’ equity |  |  | 1,433,891 |  |  |  | 1,250,836 |
Total liabilities and stockholders’ equity |  | $ | 1,537,970 |  |  | $ | 1,355,085 |
Summary of Income Statement of Parent Company | STATEMENTS OF INCOME
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (Dollars in thousands) |
OPERATING INCOME |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 137,275 |  |  | $ | 93,139 |  |  | $ | 54,480 |
Interest on interest-bearing deposits |  |  | 1,178 |  |  |  | 94 |  |  |  | 41 |
Other |  |  | 726 |  |  |  | 1,338 |  |  |  | 1,071 |
Total operating income |  |  | 139,179 |  |  |  | 94,571 |  |  |  | 55,592 |
OPERATING EXPENSE |  |  |  |  |  |  |  |  |
Interest |  |  | 4,122 |  |  |  | 4,122 |  |  |  | 3,130 |
Other |  |  | 3,206 |  |  |  | 7,190 |  |  |  | 3,340 |
Total operating expense |  |  | 7,328 |  |  |  | 11,312 |  |  |  | 6,470 |
Income before taxes and equity in undistributed earnings of subsidiaries |  |  | 131,851 |  |  |  | 83,259 |  |  |  | 49,122 |
Allocated income tax benefit |  |  | 2,249 |  |  |  | 5,857 |  |  |  | 4,191 |
Income before equity in undistributed earnings of subsidiaries |  |  | 134,100 |  |  |  | 89,116 |  |  |  | 53,313 |
Equity in undistributed earnings of subsidiaries |  |  | 81,275 |  |  |  | 105,817 |  |  |  | 116,365 |
Amortization of stock-based compensation arrangements of subsidiaries |  |  | (2,910 | ) |  |  | (1,833 | ) |  |  | (2,048 | )
Net income |  | $ | 212,465 |  |  | $ | 193,100 |  |  | $ | 167,630 |
Summary of Cash Flow of Parent Company | STATEMENTS OF CASH FLOW
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (Dollars in thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net income |  | $ | 212,465 |  |  | $ | 193,100 |  |  | $ | 167,630 |
Adjustments to reconcile to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (81,275 | ) |  |  | (105,817 | ) |  |  | (116,365 | )
Amortization of stock-based compensation arrangements of subsidiaries |  |  | 2,910 |  |  |  | 1,833 |  |  |  | 2,048 |
Other, net |  |  | (655 | ) |  |  | 3,815 |  |  |  | 5,056 |
Net cash provided by operating activities |  |  | 133,445 |  |  |  | 92,931 |  |  |  | 58,369 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Payments for investments in subsidiaries |  |  | (6,100 | ) |  |  | (94,967 | ) |  |  | (9,000 | )
Other, net |  |  | (778 | ) |  |  | (1,352 | ) |  |  | 4,429 |
Net cash used in investing activities |  |  | (6,878 | ) |  |  | (96,319 | ) |  |  | (4,571 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 2,543 |  |  |  | 7,649 |  |  |  | 2,260 |
Common stock acquired |  |  | (1,820 | ) |  |  | — |  |  |  | (11,663 | )
Net cash settlement of options |  |  | — |  |  |  | — |  |  |  | (5,479 | )
Cash dividends paid |  |  | (53,642 | ) |  |  | (48,462 | ) |  |  | (45,140 | )
Proceeds from the issuance of subordinated notes, net of debt issuance costs |  |  | — |  |  |  | — |  |  |  | 59,150 |
Net cash used in financing activities |  |  | (52,919 | ) |  |  | (40,813 | ) |  |  | (872 | )
Net increase/(decrease) in cash and due from banks |  |  | 73,648 |  |  |  | (44,201 | ) |  |  | 52,926 |
Cash and due from banks at the beginning of the period |  |  | 17,806 |  |  |  | 62,007 |  |  |  | 9,081 |
Cash and due from banks at the end of the period |  | $ | 91,454 |  |  | $ | 17,806 |  |  | $ | 62,007 |
SUPPLEMENTAL DISCLOSURE |  |  |  |  |  |  |  |  |
Cash paid during the period for interest |  | $ | 4,122 |  |  | $ | 4,122 |  |  | $ | 3,130 |
Cash received during the period for income taxes, net |  | $ | 1,746 |  |  | $ | 6,667 |  |  | $ | 4,411 |

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