XML 76 R49.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Summary of Condensed Balance Sheets of Parent Company | Balance Sheets
| December 31,
| 2018 |  | 2017
(amounts in thousands) |
Assets |  |  |
Cash in subsidiary bank | $ | 16,684 |  |  | $ | 67,231 |
Investments in and receivables due from subsidiaries | 1,061,389 |  |  | 1,039,883 |
Other assets | 3,417 |  |  | 3,160 |
Total assets | $ | 1,081,490 |  |  | $ | 1,110,274 |
Liabilities and Shareholders' equity |  |  |
Borrowings | $ | 123,871 |  |  | $ | 186,497 |
Other liabilities | 803 |  |  | 2,813 |
Total liabilities | 124,674 |  |  | 189,310 |
Shareholders' equity | 956,816 |  |  | 920,964 |
Total Liabilities and Shareholders' Equity | $ | 1,081,490 |  |  | $ | 1,110,274 |
Summary of Condensed Income Statements of Parent Company | Income and Comprehensive Income Statements
| For the Years Ended December 31,
| 2018 |  | 2017 |  | 2016
(amounts in thousands) |
Operating income: |  |  |  |  |
Other, including dividends from Bank | $ | 45,422 |  |  | $ | 38,200 |  |  | $ | 25,400 |
Total operating income | 45,422 |  |  | 38,200 |  |  | 25,400 |
Operating expense: |  |  |  |  |
Interest | 8,178 |  |  | 7,984 |  |  | 5,854 |
Other | 1,722 |  |  | 1,742 |  |  | 4,570 |
Total operating expense | 9,900 |  |  | 9,726 |  |  | 10,424 |
Income before taxes and undistributed income of subsidiaries | 35,522 |  |  | 28,474 |  |  | 14,976 |
Income tax benefit | 2,335 |  |  | 3,620 |  |  | 3,961 |
Income before undistributed income of subsidiaries | 37,857 |  |  | 32,094 |  |  | 18,937 |
Equity in undistributed income of subsidiaries | 33,838 |  |  | 46,743 |  |  | 59,765 |
Net income | 71,695 |  |  | 78,837 |  |  | 78,702 |
Preferred stock dividends | 14,459 |  |  | 14,459 |  |  | 9,515 |
Net income available to common shareholders | 57,236 |  |  | 64,378 |  |  | 69,187 |
Comprehensive income | $ | 50,730 |  |  | $ | 83,370 |  |  | $ | 81,794 |
Summary of Condensed Statements of Cash Flows of Parent Company | Statements of Cash Flows
| For the Years Ended December 31,
(amounts in thousands) | 2018 |  | 2017 |  | 2016
Cash Flows from Operating Activities: |  |  |  |  |
Net income | $ | 71,695 |  |  | $ | 78,837 |  |  | $ | 78,702 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed earnings of subsidiaries, net of dividends received from Bank | (33,838 | ) |  | (46,743 | ) |  | (59,765 | )
Loss on sale of available for sale investment securities | — |  |  | — |  |  | 1 |
(Increase) decrease in other assets | (256 | ) |  | 7,624 |  |  | (7,721 | )
(Decrease) increase in other liabilities | (251 | ) |  | (1,322 | ) |  | 54 |
Net Cash Provided By Operating Activities | 37,350 |  |  | 38,396 |  |  | 11,271 |
Cash Flows from Investing Activities: |  |  |  |  |
Proceeds from sales of investment securities available for sale | — |  |  | — |  |  | 4 |
Payments for investments in and advances to subsidiaries | (29 | ) |  | (98,725 | ) |  | (230,872 | )
Net Cash Used in Investing Activities | (29 | ) |  | (98,725 | ) |  | (230,868 | )
Cash Flows from Financing Activities: |  |  |  |  |
Proceeds from issuance of common stock | 3,585 |  |  | 2,716 |  |  | 70,985 |
Proceeds from issuance of preferred stock | — |  |  | — |  |  | 161,902 |
(Repayment of) proceeds from issuance of long-term debt | (63,250 | ) |  | 98,564 |  |  | — |
Exercise and redemption of warrants | 112 |  |  | 1,059 |  |  | 1,532 |
Purchase of common stock - repurchase program | (12,976 | ) |  | — |  |  | — |
Payments of employee taxes withheld from share-based awards | (880 | ) |  | (14,761 | ) |  | (5,897 | )
Preferred stock dividends paid | (14,459 | ) |  | (14,459 | ) |  | (9,051 | )
Net Cash (Used in) Provided by Financing Activities | (87,868 | ) |  | 73,119 |  |  | 219,471 |
Net (Decrease) Increase in Cash and Cash Equivalents | (50,547 | ) |  | 12,790 |  |  | (126 | )
Cash and Cash Equivalents - Beginning | 67,231 |  |  | 54,441 |  |  | 54,567 |
Cash and Cash Equivalents - Ending | $ | 16,684 |  |  | $ | 67,231 |  |  | $ | 54,441 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration