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Condensed Parent Company Information | 12 Months Ended
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Dec. 31, 2023
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) |  | 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 |  | 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 |  | 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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- 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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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