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Condensed Parent Company Information
12 Months Ended
Dec. 31, 2025
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 SHEETSAs of December 31,
($ in thousands)20252024
Assets
Cash on deposit with bank subsidiary$6,730 $24,005 
Investment in subsidiaries1,709,627 1,523,626 
Premises and equipment
Other assets21,678 521 
Total assets$1,738,042 $1,548,159 
Liabilities and shareholders’ equity
Subordinated debt$— $17,602 
Trust preferred securities73,816 73,472 
Other liabilities10,058 11,474 
Total liabilities83,874 102,548 
Shareholders’ equity1,654,168 1,445,611 
Total liabilities and shareholders’ equity$1,738,042 $1,548,159 


CONDENSED STATEMENTS OF INCOMEYear Ended December 31,
($ in thousands)202520242023
Interest income$123 $123 $116 
Dividends from subsidiaries67,500 70,000 32,700 
Total income67,623 70,123 32,816 
Interest expense6,465 7,766 7,945 
Other expenses2,384 2,153 2,057 
Total expense8,849 9,919 10,002 
Income before income taxes and equity in undistributed income of subsidiaries58,774 60,204 22,814 
Income tax benefit(1,837)(2,057)(2,076)
Income before equity in undistributed income of subsidiaries60,611 62,261 24,890 
Equity in undistributed income of subsidiaries50,437 13,954 79,241 
Net income$111,048 $76,215 $104,131 
CONDENSED STATEMENTS OF CASH FLOWSYear Ended December 31,
($ in thousands)202520242023
Operating Activities:   
Net income$111,048 $76,215 $104,131 
Equity in undistributed earnings of subsidiaries(50,437)(13,954)(79,241)
(Increase) decrease in other assets(21,154)(143)(604)
Increase (decrease) in other liabilities(1,109)1,140 1,741 
Net cash provided by operating activities38,348 63,258 26,027 
Investing Activities:   
Net cash received in acquisitions— — 4,123 
Net cash provided by investing activities— — 4,123 
Financing Activities:
Repayment of subordinated debentures(18,000)(10,000)— 
Payment of common stock cash dividends(37,284)(36,253)(34,940)
   Repurchases of common stock(991)— — 
Proceeds from stock option exercises1,491 4,094 4,519 
Cash paid for shares withheld for payroll taxes on stock based compensation(839)(1,691)(743)
Net cash used in financing activities(55,623)(43,850)(31,164)
Net increase (decrease) in cash(17,275)19,408 (1,014)
Cash, beginning of year24,005 4,597 5,611 
Cash, end of year$6,730 $24,005 $4,597