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Condensed Financial Information-Parent Only (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information-Parent Only [Abstract] |
Schedule Of Condensed Balance Sheet |
|  | December 31,
|  | 2024 |  | 2023
|  |  | (Dollars in thousands)
Assets |  |  |  |  |  |
Cash and due from banks |  | $ | 10,650 |  | $ | 8,895
Investment in subsidiaries |  |  | 871,388 |  |  | 893,328
Other assets |  |  | 21,107 |  |  | 16,550
Total assets |  | $ | 903,145 |  | $ | 918,773
Liabilities and stockholders' equity |  |  |  |  |  |
Other liabilities |  | $ | 3,747 |  | $ | 2,232
Senior debt |  |  | 96,214 |  |  | 95,859
Subordinated debentures |  |  | 13,401 |  |  | 13,401
Shareholders' equity |  |  | 789,783 |  |  | 807,281
Total liabilities and stockholders' equity |  | $ | 903,145 |  | $ | 918,773
Schedule Of Condensed Statements Of Operations |
|  | For the year ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  |  | (Dollars in thousands)
Income |  |  |  |  |  |  |  |  |
Dividend income from subsidiary |  | $ | 259,000 |  | $ | 100,000 |  | $ | 15,000
Other income |  |  | 34 |  |  | 329 |  |  | 10
Total income |  |  | 259,034 |  |  | 100,329 |  |  | 15,010
Expense |  |  |  |  |  |  |  |  |
Interest on subordinated debentures |  |  | 1,155 |  |  | 1,121 |  |  | 657
Interest on senior debt |  |  | 4,935 |  |  | 5,027 |  |  | 5,118
Non-interest expense |  |  | 15,701 |  |  | 12,589 |  |  | 8,520
Total expense |  |  | 21,791 |  |  | 18,737 |  |  | 14,295
Income tax benefit |  |  | (4,568) |  |  | (3,864) |  |  | (2,999)
Equity in undistributed (loss) income of subsidiaries |  |  | (24,271) |  |  | 106,840 |  |  | 126,499
Net income available to common shareholders |  | $ | 217,540 |  | $ | 192,296 |  | $ | 130,213
Schedule Of Condensed Cash Flow Statement |
|  | Year ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  |  | (Dollars in thousands)
Operating activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 217,540 |  | $ | 192,296 |  | $ | 130,213
Net amortization of investment securities discounts/premiums |  |  | 355 |  |  | 82 |  |  | 368
Increase in other assets |  |  | (4,557) |  |  | (3,534) |  |  | (1,692)
Increase (decrease) in other liabilities |  |  | 1,515 |  |  | (45) |  |  | 27
Stock based compensation expense |  |  | 14,983 |  |  | 11,392 |  |  | 7,592
Equity in undistributed loss (income) |  |  | 24,271 |  |  | (106,840) |  |  | (126,499)
Net cash used in operating activities |  |  | 254,107 |  |  | 93,351 |  |  | 10,009
Financing activities |  |  |  |  |  |  |  |  |
Proceeds from the exercise of common stock options |  |  | — |  |  | 104 |  |  | 320
Redemptions of senior debt offering |  |  | — |  |  | (3,273) |  |  | —
Repurchases of common stock |  |  | (252,352) |  |  | (99,999) |  |  | (60,000)
Net cash used in financing activities |  |  | (252,352) |  |  | (103,168) |  |  | (59,680)
Net decrease in cash and cash equivalents |  |  | 1,755 |  |  | (9,817) |  |  | (49,671)
Cash and cash equivalents, beginning of year |  |  | 8,895 |  |  | 18,712 |  |  | 68,383
Cash and cash equivalents, end of year |  | $ | 10,650 |  | $ | 8,895 |  | $ | 18,712

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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