XML 121 R106.htm IDEA: XBRL DOCUMENT v3.22.4
PARENT COMPANY STATEMENTS - Condensed Statements of Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Expenses:      
Interest on borrowings $ 0 $ 293 $ 1,875
Acquisition expenses 5,021 701 4,933
Gain on debt extinguishment 0 0 (421)
Other expenses 23,369 18,500 18,415
Income before tax benefit and equity in undistributed net income of subsidiaries 240,314 241,348 206,076
Income tax benefit (52,233) (51,654) (41,400)
Net income 188,081 189,694 164,676
Other comprehensive (loss) income, net of tax:      
Changes in other comprehensive (loss) income related to pension and other post retirement obligations (15,831) 13,403 6,009
Changes in other comprehensive (loss) income related to unrealized (losses) gains on investment securities (619,981) (126,107) 66,294
Other comprehensive (loss) income (635,812) (112,704) 72,303
Comprehensive (loss) income (447,731) 76,990 236,979
Parent company      
Dividends from subsidiaries:      
Bank subsidiary 53,000 125,000 105,000
Non-bank subsidiaries 55,000 14,000 13,500
Interest and dividends on investments 342 245 168
Total revenues 108,342 139,245 118,668
Expenses:      
Interest on borrowings 153 446 2,546
Acquisition expenses 0 0 450
Gain on debt extinguishment 0 0 (421)
Other expenses 6,091 5,717 4,945
Total expenses 6,244 6,163 7,520
Income before tax benefit and equity in undistributed net income of subsidiaries 102,098 133,082 111,148
Income tax benefit 2,942 3,964 3,739
Income before equity in undistributed net income of subsidiaries 105,040 137,046 114,887
Equity in undistributed net income of subsidiaries 83,041 52,648 49,789
Net income 188,081 189,694 164,676
Other comprehensive (loss) income, net of tax:      
Changes in other comprehensive (loss) income related to pension and other post retirement obligations (15,831) 13,403 6,009
Changes in other comprehensive (loss) income related to unrealized (losses) gains on investment securities (619,981) (126,107) 66,294
Other comprehensive (loss) income (635,812) (112,704) 72,303
Comprehensive (loss) income $ (447,731) $ 76,990 $ 236,979