XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.22.4

Condensed Parent Company Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Parent Company Information | Condensed Parent Company Information Condensed financial data for the Company (parent company only) follows:
CONDENSED BALANCE SHEETS | As of December 31,
($ in thousands) | 2022 |  | 2021
Assets |  |  |
Cash on deposit with bank subsidiary | $ | 5,611 |  |  | 18,625 |
Investment in wholly-owned subsidiaries, at equity | 1,100,829 |  |  | 1,279,285 |
Premises and Equipment | 7 |  |  | 7 |
Other assets | 22 |  |  | 5,056 |
Total assets | $ | 1,106,469 |  |  | 1,302,973 |
Liabilities and shareholders’ equity |  |  |
Trust preferred securities | $ | 65,665 |  |  | 65,412 |
Other liabilities | 9,208 |  |  | 6,986 |
Total liabilities | 74,873 |  |  | 72,398 |
Shareholders’ equity | 1,031,596 |  |  | 1,230,575 |
Total liabilities and shareholders’ equity | $ | 1,106,469 |  |  | 1,302,973 |
CONDENSED STATEMENTS OF INCOME | Year Ended December 31,
($ in thousands) | 2022 |  | 2021 |  | 2020
Dividends from wholly-owned subsidiaries | $ | 17,400 |  |  | 25,300 |  |  | 63,100 |
Earnings of wholly-owned subsidiaries, net of dividends | 133,147 |  |  | 75,697 |  |  | 20,899 |
Interest expense | (2,672) |  |  | (1,455) |  |  | (1,743) |
All other expense, net | (939) |  |  | (3,898) |  |  | (779) |
Net income | $ | 146,936 |  |  | 95,644 |  |  | 81,477 |
CONDENSED STATEMENTS OF CASH FLOWS | Year Ended December 31,
($ in thousands) | 2022 |  | 2021 |  | 2020
Operating Activities: |  |  |  |  |
Net income | $ | 146,936 |  |  | 95,644 |  |  | 81,477 |
Equity in undistributed earnings of subsidiaries | (133,147) |  |  | (75,697) |  |  | (20,899) |
Decrease in other assets | 4,055 |  |  | 3,924 |  |  | 5,806 |
Increase (decrease) in other liabilities | 642 |  |  | (859) |  |  | (3) |
Total – operating activities | 18,486 |  |  | 23,012 |  |  | 66,381 |
Investing Activities: |  |  |  |  |
Net cash received in acquisitions | — |  |  | 7,379 |  |  | — |
Total - investing activities | — |  |  | 7,379 |  |  | — |
Financing Activities: |  |  |  |  |
Payment of common stock cash dividends | (30,660) |  |  | (22,228) |  |  | (20,936) |
Repurchases of common stock | — |  |  | (4,036) |  |  | (31,868) |
Stock withheld for payment of taxes | (840) |  |  | (786) |  |  | (307) |
Total - financing activities | (31,500) |  |  | (27,050) |  |  | (53,111) |
Net (decrease) increase in cash | (13,014) |  |  | 3,341 |  |  | 13,270 |
Cash, beginning of year | 18,625 |  |  | 15,284 |  |  | 2,014 |
Cash, end of year | $ | 5,611 |  |  | 18,625 |  |  | 15,284 |

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

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration