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Condensed Parent Company Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets |
CONDENSED BALANCE SHEETS |  | As of December 31,
($ in thousands) |  | 2023 |  | 2022
Assets |  |  |  |
Cash on deposit with bank subsidiary |  | $ | 4,597 |  |  | 5,611 |
Investment in subsidiaries |  | 1,478,750 |  |  | 1,100,829 |
Premises and equipment |  | 7 |  |  | 7 |
Other assets |  | 379 |  |  | 22 |
Total assets |  | $ | 1,483,733 |  |  | 1,106,469 |
Liabilities and shareholders’ equity |  |  |  |
Subordinated debt |  | $ | 27,177 |  |  | — |
Trust preferred securities |  | 73,130 |  |  | 65,665 |
Other liabilities |  | 11,046 |  |  | 9,208 |
Total liabilities |  | 111,353 |  |  | 74,873 |
Shareholders’ equity |  | 1,372,380 |  |  | 1,031,596 |
Total liabilities and shareholders’ equity |  | $ | 1,483,733 |  |  | 1,106,469 |
Condensed Statements of Income |
CONDENSED STATEMENTS OF INCOME |  | Year Ended December 31,
($ in thousands) |  | 2023 |  | 2022 |  | 2021
Interest income |  | $ | 116 |  |  | 48 |  |  | 24 |
Dividends from subsidiaries |  | 32,700 |  |  | 17,400 |  |  | 25,300 |
Total income |  | 32,816 |  |  | 17,448 |  |  | 25,324 |
Interest expense |  | 7,945 |  |  | 2,926 |  |  | 1,455 |
Other expenses |  | 2,057 |  |  | 1,693 |  |  | 5,345 |
Total expense |  | 10,002 |  |  | 4,619 |  |  | 6,800 |
Income before income taxes and equity in undistributed income of subsidiaries |  | 22,814 |  |  | 12,829 |  |  | 18,524 |
Income tax benefit |  | (2,076) |  |  | (960) |  |  | (1,423) |
Income before equity in undistributed income of subsidiaries |  | 24,890 |  |  | 13,789 |  |  | 19,947 |
Equity in undistributed income of subsidiaries |  | 79,241 |  |  | 133,147 |  |  | 75,697 |
Net income |  | $ | 104,131 |  |  | 146,936 |  |  | 95,644 |
Condensed Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS |  | Year Ended December 31,
($ in thousands) |  | 2023 |  | 2022 |  | 2021
Operating Activities: |  |  |  |  |  |
Net income |  | $ | 104,131 |  |  | 146,936 |  |  | 95,644 |
Equity in undistributed earnings of subsidiaries |  | (79,241) |  |  | (133,147) |  |  | (75,697) |
(Increase) decrease in other assets |  | (604) |  |  | 4,055 |  |  | 3,924 |
Increase (decrease) in other liabilities |  | 1,741 |  |  | 642 |  |  | (859) |
Net cash provided by operating activities |  | 26,027 |  |  | 18,486 |  |  | 23,012 |
Investing Activities: |  |  |  |  |  |
Net cash received in acquisitions |  | 4,123 |  |  | — |  |  | 7,379 |
Net cash provided by investing activities |  | 4,123 |  |  | — |  |  | 7,379 |
Financing Activities: |  |  |  |  |  |
Payment of common stock cash dividends |  | (34,940) |  |  | (30,660) |  |  | (22,228) |
Repurchases of common stock |  | — |  |  | — |  |  | (4,036) |
Proceeds from stock option exercises |  | 4,519 |  |  | — |  |  | — |
Stock withheld for payment of taxes |  | (743) |  |  | (840) |  |  | (786) |
Net cash used in financing activities |  | (31,164) |  |  | (31,500) |  |  | (27,050) |
Net (decrease) increase in cash |  | (1,014) |  |  | (13,014) |  |  | 3,341 |
Cash, beginning of year |  | 5,611 |  |  | 18,625 |  |  | 15,284 |
Cash, end of year |  | $ | 4,597 |  |  | 5,611 |  |  | 18,625 |

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