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PARENT COMPANY FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Financial Condition
Condensed Statements of Financial Condition
December 31,
($ in thousands)20212020
ASSETS
Cash and cash equivalents$98,851 $138,006 
Other assets29,688 28,447 
Investment in subsidiaries1,220,368 996,577 
Total assets$1,348,907 $1,163,030 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Long-term debt, net$274,386 $256,315 
Accrued expenses and other liabilities9,231 9,508 
Stockholders’ equity1,065,290 897,207 
Total liabilities and stockholders’ equity$1,348,907 $1,163,030 
Condensed Statements of Operations
Condensed Statements of Operations
Year Ended December 31,
($ in thousands)202120202019
Income
Dividends from subsidiaries$78,000 $37,000 $142,467 
Legal settlement income— 2,013 — 
Other operating income212 211 62 
Total income78,212 39,224 142,529 
Expenses
Interest expense for notes payable and other borrowings13,498 10,141 9,480 
Other operating expense2,621 5,794 3,311 
Total expenses16,119 15,935 12,791 
Income before income taxes and excess dividends in undistributed earnings of subsidiaries62,093 23,289 129,738 
Income tax benefit(7,385)(5,812)(3,670)
Income before excess dividends in undistributed earnings of subsidiaries69,478 29,101 133,408 
Excess dividends in undistributed earnings of subsidiaries(7,132)(16,527)(109,649)
Net income$62,346 $12,574 $23,759 
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
Year Ended December 31,
($ in thousands)202120202019
Cash flows from operating activities:
Net income$62,346 $12,574 $23,759 
Adjustments to reconcile net income to net cash provided by operating activities:
Excess dividends in undistributed earnings of subsidiaries7,132 16,527 109,649 
Stock-based compensation expense776 3,269 1,446 
Amortization of debt issuance cost493 324 247 
Deferred income tax expense (benefit)2,770 (417)(86)
Net change in other assets and liabilities
(4,171)(7,377)(2,095)
Net cash provided by operating activities69,346 24,900 132,920 
Cash flows from investing activities:
Purchase of investments(1,000)— (5,000)
Net cash acquired in business combination8,815 — — 
Net cash provided by (used in) investing activities7,815 — (5,000)
Cash flows from financing activities:
Net proceeds from issuance of long-term debt— 82,570 — 
Redemption of preferred stock(93,269)(4,379)(46,396)
Purchase of treasury stock— (12,041)— 
Proceeds from exercise of stock options300 — — 
Restricted stock surrendered due to employee tax liability(2,182)(923)(1,023)
Dividend equivalents paid on stock appreciation rights— (376)(483)
Dividends paid on common stock(12,843)(11,847)(15,744)
Dividends paid on preferred stock(8,322)(13,869)(15,559)
Net cash (used in) provided by financing activities(116,316)39,135 (79,205)
Net change in cash and cash equivalents(39,155)64,035 48,715 
Cash and cash equivalents at beginning of year138,006 73,971 25,256 
Cash and cash equivalents at end of year$98,851 $138,006 $73,971