XML 65 R52.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Condensed Financial Information (parent company only) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
| December 31, 2021 |  | December 31, 2020
Assets |  |  |
Cash and cash equivalents | $ | 127,501 |  |  | $ | 59,848 |
Investment in subsidiaries | 1,900,787 |  |  | 1,930,852 |
Premises and equipment | 274 |  |  | 195 |
Interest receivable | 2 |  |  | 2 |
Goodwill | 448 |  |  | 448 |
Cash surrender value of life insurance | 716 |  |  | 861 |
Other assets | 10,281 |  |  | 12,211 |
Total assets | $ | 2,040,009 |  |  | $ | 2,004,417 |
Liabilities |  |  |
Subordinated debentures and term loans | $ | 118,618 |  |  | $ | 118,380 |
Interest payable | 864 |  |  | 860 |
Other liabilities | 7,956 |  |  | 9,532 |
Total liabilities | 127,438 |  |  | 128,772 |
Stockholders' equity | 1,912,571 |  |  | 1,875,645 |
Total liabilities and stockholders' equity | $ | 2,040,009 |  |  | $ | 2,004,417 |
Condensed Statements of Income and Comprehensive Income | Condensed Statements of Income and Comprehensive Income
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
Income |  |  |  |  |
Dividends from subsidiaries | $ | 161,825 |  |  | $ | 70,100 |  |  | $ | 125,775 |
Other income | (50) |  |  | (62) |  |  | 172 |
Total income | 161,775 |  |  | 70,038 |  |  | 125,947 |
Expenses |  |  |  |  |
Interest expense | 6,642 |  |  | 6,777 |  |  | 8,309 |
Salaries and employee benefits | 3,917 |  |  | 3,426 |  |  | 3,540 |
Net occupancy and equipment expenses | 825 |  |  | 745 |  |  | 802 |
Other outside services | 1,001 |  |  | 731 |  |  | 1,889 |
Professional services | 263 |  |  | 218 |  |  | 303 |
Other expenses | 1,687 |  |  | 1,266 |  |  | 1,587 |
Total expenses | 14,335 |  |  | 13,163 |  |  | 16,430 |
Income before income tax benefit and equity in undistributed income of subsidiaries | 147,440 |  |  | 56,875 |  |  | 109,517 |
Income tax benefit | 2,929 |  |  | 2,260 |  |  | 3,575 |
Income before equity in undistributed income of subsidiaries | 150,369 |  |  | 59,135 |  |  | 113,092 |
Equity in undistributed income of subsidiaries | 55,162 |  |  | 89,465 |  |  | 51,368 |
Net income available to common stockholders | $ | 205,531 |  |  | $ | 148,600 |  |  | $ | 164,460 |
Net income | $ | 205,531 |  |  | $ | 148,600 |  |  | $ | 164,460 |
Other comprehensive income (loss) | (19,723) |  |  | 46,962 |  |  | 49,296 |
Comprehensive income | $ | 185,808 |  |  | $ | 195,562 |  |  | $ | 213,756 |
Condensed Statement of Cash Flows | Condensed Statements of Cash Flows
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
Cash Flow From Operating Activities: |  |  |  |  |
Net income | $ | 205,531 |  |  | $ | 148,600 |  |  | $ | 164,460 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |
Share-based compensation | 1,563 |  |  | 1,502 |  |  | 1,339 |
Distributions in excess of (equity in undistributed) income of subsidiaries | (55,162) |  |  | (89,465) |  |  | (51,368) |
Other adjustments | (1,173) |  |  | 1,537 |  |  | (6,013) |
Investment in subsidiaries - operating activities | 885 |  |  | 235 |  |  | (268) |
Net cash provided by operating activities | 151,644 |  |  | 62,409 |  |  | 108,150 |
Cash Flow From Investing Activities: |  |  |  |  |
Net cash received in acquisition | — |  |  | — |  |  | 78 |
Net cash provided by investing activities | — |  |  | — |  |  | 78 |
Cash Flow From Financing Activities: |  |  |  |  |
Cash dividends | (61,230) |  |  | (56,542) |  |  | (51,276) |
Repayment of borrowings | — |  |  | (20,310) |  |  | — |
Stock issued under employee benefit plans | 605 |  |  | 639 |  |  | 702 |
Stock issued under dividend reinvestment and stock purchase plan | 1,880 |  |  | 1,726 |  |  | 1,531 |
Stock options exercised | 198 |  |  | 115 |  |  | 144 |
Repurchases of common stock | (25,444) |  |  | (55,912) |  |  | (19,041) |
Net cash used by financing activities | (83,991) |  |  | (130,284) |  |  | (67,940) |
Net change in cash | 67,653 |  |  | (67,875) |  |  | 40,288 |
Cash, beginning of the year | 59,848 |  |  | 127,723 |  |  | 87,435 |
Cash, end of year | $ | 127,501 |  |  | $ | 59,848 |  |  | $ | 127,723 |

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

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration