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Condensed Financial Information of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | CONDENSED BALANCE SHEETS
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (Dollars in thousands) |
Assets |  |  |  |  |  |  |  |
Investment in subsidiaries |  | $ | 1,990,166 |  |  | $ | 2,003,692 |
Other assets, net |  |  | 68,679 |  |  |  | 42,070 |
Total assets |  | $ | 2,058,845 |  |  | $ | 2,045,762 |
Liabilities |  | $ | 50,855 |  |  | $ | 51,664 |
Stockholders’ equity |  |  | 2,007,990 |  |  |  | 1,994,098 |
Total liabilities and stockholders’ equity |  | $ | 2,058,845 |  |  | $ | 2,045,762 |
Condensed Statements of Earnings | CONDENSED STATEMENTS OF EARNINGS
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Dollars in thousands) |
Equity in net earnings of subsidiaries |  | $ | (34,936 | ) |  | $ | 107,185 |  |  | $ | 78,601 |
Dividends from the Bank |  |  | 217,000 |  |  |  | 106,000 |  |  |  | 77,800 |
Other expense, net |  |  | (4,905 | ) |  |  | (5,358 | ) |  |  | (4,398 | )
Net earnings |  | $ | 177,159 |  |  | $ | 207,827 |  |  | $ | 152,003 |
Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Dollars in thousands) |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 177,159 |  |  | $ | 207,827 |  |  | $ | 152,003 |
Adjustments to reconcile net earnings to cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Earnings of subsidiaries |  |  | (182,064 | ) |  |  | (213,185 | ) |  |  | (156,401 | )
Tax settlement received from the Bank |  |  | - |  |  |  | 1,008 |  |  |  | - |
Stock-based compensation |  |  | 5,529 |  |  |  | 5,548 |  |  |  | 3,508 |
Other operating activities, net |  |  | (2,018 | ) |  |  | (2,417 | ) |  |  | (2,052 | )
Total adjustments |  |  | (178,553 | ) |  |  | (209,046 | ) |  |  | (154,945 | )
Net cash used in operating activities |  |  | (1,394 | ) |  |  | (1,219 | ) |  |  | (2,942 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends received from the Bank |  |  | 217,000 |  |  |  | 106,000 |  |  |  | 77,800 |
Net cash provided by investing activities |  |  | 217,000 |  |  |  | 106,000 |  |  |  | 77,800 |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends on common stock |  |  | (98,475 | ) |  |  | (95,352 | ) |  |  | (65,966 | )
Proceeds from exercise of stock options |  |  | 231 |  |  |  | 2,215 |  |  |  | 1,701 |
Repurchase of common stock |  |  | (92,772 | ) |  |  | (2,640 | ) |  |  | (7,760 | )
Net cash used in financing activities |  |  | (191,016 | ) |  |  | (95,777 | ) |  |  | (72,025 | )
Net increase in cash and cash equivalents |  |  | 24,590 |  |  |  | 9,004 |  |  |  | 2,833 |
Cash and cash equivalents, beginning of period |  |  | 31,054 |  |  |  | 22,050 |  |  |  | 19,217 |
Cash and cash equivalents, end of period |  | $ | 55,644 |  |  | $ | 31,054 |  |  | $ | 22,050 |

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