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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2020
Parent Company Financial Information [Abstract] |
Parent Company Financial Information | 21. Parent Company Financial Information Condensed Balance Sheets
|  | December 31, |
(In thousands) |  | 2020 |  |  | 2019 |
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 37,915 |  |  | $ | 9,387 |
Equity securities, at estimated fair value |  |  | 25,111 |  |  |  | 22,441 |
Investment in subsidiaries, on equity basis |  |  | 1,345,317 |  |  |  | 1,209,752 |
Other assets |  |  | 30,577 |  |  |  | 30,855 |
Total assets |  | $ | 1,438,920 |  |  | $ | 1,272,435 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |
Total liabilities |  | $ | 251,302 |  |  | $ | 152,038 |
Stockholders’ equity |  |  | 1,187,618 |  |  |  | 1,120,397 |
Total liabilities and stockholders’ equity |  | $ | 1,438,920 |  |  | $ | 1,272,435 |
Condensed Statements of Income
|  | Years Ended December 31, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Dividends from subsidiaries |  | $ | 77,000 |  |  | $ | 50,200 |  |  | $ | 43,000 |
Management fee from subsidiaries |  |  | 4,151 |  |  |  | 7,981 |  |  |  | 7,907 |
Net securities (losses) gains |  |  | (483 | ) |  |  | 165 |  |  |  | 399 |
Interest, dividends and other income |  |  | 824 |  |  |  | 876 |  |  |  | 905 |
Total revenue |  | $ | 81,492 |  |  | $ | 59,222 |  |  | $ | 52,211 |
Operating expenses |  |  | 11,825 |  |  |  | 14,262 |  |  |  | 14,226 |
Income before income tax benefit and equity in undistributed income of subsidiaries |  | $ | 69,667 |  |  | $ | 44,960 |  |  | $ | 37,985 |
Income tax benefit |  |  | (2,653 | ) |  |  | (1,588 | ) |  |  | (1,608 | )
Equity in undistributed income of subsidiaries |  |  | 32,068 |  |  |  | 74,473 |  |  |  | 72,973 |
Net income |  | $ | 104,388 |  |  | $ | 121,021 |  |  | $ | 112,566 |
Condensed Statements of Cash Flow
|  | Years Ended December 31, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Operating activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 104,388 |  |  | $ | 121,021 |  |  | $ | 112,566 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization of premises and equipment |  |  | 1,739 |  |  |  | 2,298 |  |  |  | 2,814 |
Excess tax benefit on stock-based compensation |  |  | (181 | ) |  |  | (409 | ) |  |  | (543 | )
Stock-based compensation expense |  |  | 4,581 |  |  |  | 4,210 |  |  |  | 3,936 |
Net securities losses (gains) |  |  | 483 |  |  |  | (165 | ) |  |  | (399 | )
Equity in undistributed income of subsidiaries |  |  | (32,068 | ) |  |  | (74,473 | ) |  |  | (72,973 | )
Bank owned life insurance income |  |  | (391 | ) |  |  | (398 | ) |  |  | (424 | )
Amortization of subordinated debt issuance costs |  |  | 230 |  |  |  | - |  |  |  | - |
Net change in other assets and other liabilities |  |  | (3,535 | ) |  |  | (1,573 | ) |  |  | (6,124 | )
Net cash provided by operating activities |  | $ | 75,246 |  |  | $ | 50,511 |  |  | $ | 38,853 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Investment in the Bank |  | $ | (90,000 | ) |  | $ | - |  |  | $ | - |
Proceeds from calls of equity securities |  |  | 2,000 |  |  |  | - |  |  |  | - |
Proceeds on sales of equity securities |  |  | - |  |  |  | - |  |  |  | 3,318 |
Purchases of equity securities |  |  | - |  |  |  | (93 | ) |  |  | (2 | )
Net cash (used in) provided by investing activities |  | $ | (88,000 | ) |  | $ | (93 | ) |  | $ | 3,316 |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of subordinated debt |  | $ | 100,000 |  |  | $ | - |  |  | $ | - |
Payment of subordinated debt issuance costs |  |  | (2,178 | ) |  |  | - |  |  |  | - |
Proceeds from the issuance of shares to employee and other stock plans |  |  | 184 |  |  |  | 725 |  |  |  | 1,296 |
Cash paid by employer for tax-withholding on stock issuance |  |  | (1,537 | ) |  |  | (1,622 | ) |  |  | (1,893 | )
Purchases of treasury shares |  |  | (7,980 | ) |  |  | - |  |  |  | - |
Cash dividends |  |  | (47,207 | ) |  |  | (46,010 | ) |  |  | (43,269 | )
Net cash provided by (used in) financing activities |  | $ | 41,282 |  |  | $ | (46,907 | ) |  | $ | (43,866 | )
Net increase (decrease) in cash and cash equivalents |  | $ | 28,528 |  |  | $ | 3,511 |  |  | $ | (1,697 | )
Cash and cash equivalents at beginning of year |  |  | 9,387 |  |  |  | 5,876 |  |  |  | 7,572 |
Cash and cash equivalents at end of year |  | $ | 37,915 |  |  | $ | 9,387 |  |  | $ | 5,876 |
A statement of changes in stockholders’ equity has not been presented since it is the same as the consolidated statement of changes in stockholders’ equity previously presented.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&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 http://asc.fasb.org/extlink&oid=108774443&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 http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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