XML 69 R53.htm IDEA: XBRL DOCUMENT
v3.24.0.1

CONDENSED FINANCIAL INFORMATION (parent company only) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | Condensed Balance Sheets
| December 31, 2023 |  | December 31, 2022
Assets |  |  |
Cash and due from banks | $ | 100,858 |  |  | $ | 56,739 |
Investment in subsidiaries | 2,291,788 |  |  | 2,124,104 |
Premises and equipment | 85 |  |  | 119 |
Interest receivable | 7 |  |  | 6 |
Goodwill | 448 |  |  | 448 |
Cash surrender value of life insurance | 756 |  |  | 736 |
Other assets | 8,954 |  |  | 6,851 |
Total assets | $ | 2,402,896 |  |  | $ | 2,189,003 |
Liabilities |  |  |
Subordinated debentures and other borrowings | $ | 150,174 |  |  | $ | 150,115 |
Interest payable | 1,383 |  |  | 979 |
Other liabilities | 3,626 |  |  | 3,139 |
Total liabilities | 155,183 |  |  | 154,233 |
Stockholders' equity | 2,247,713 |  |  | 2,034,770 |
Total liabilities and stockholders' equity | $ | 2,402,896 |  |  | $ | 2,189,003 |
Schedule of Condensed Statements of Income and Comprehensive Income (Loss) | Condensed Statements of Income and Comprehensive Income (Loss)
| December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
Income |  |  |  |  |
Dividends from subsidiaries | $ | 131,525 |  |  | $ | 90,500 |  |  | $ | 161,825 |
Other income | 16 |  |  | (1,693) |  |  | (50) |
Total income | 131,541 |  |  | 88,807 |  |  | 161,775 |
Expenses |  |  |  |  |
Interest expense | 10,164 |  |  | 8,005 |  |  | 6,642 |
Salaries and employee benefits | 4,406 |  |  | 3,786 |  |  | 3,917 |
Net occupancy and equipment expenses | 49 |  |  | 46 |  |  | 825 |
Professional and other outside services | 851 |  |  | 2,187 |  |  | 1,264 |
Other expenses | 2,795 |  |  | 1,396 |  |  | 1,687 |
Total expenses | 18,265 |  |  | 15,420 |  |  | 14,335 |
Income before income tax benefit and equity in undistributed income of subsidiaries | 113,276 |  |  | 73,387 |  |  | 147,440 |
Income tax benefit | 4,526 |  |  | 3,645 |  |  | 2,929 |
Income before equity in undistributed income of subsidiaries | 117,802 |  |  | 77,032 |  |  | 150,369 |
Equity in undistributed income of subsidiaries | 105,984 |  |  | 145,057 |  |  | 55,162 |
Net income | 223,786 |  |  | 222,089 |  |  | 205,531 |
Preferred stock dividends | 1,875 |  |  | 1,406 |  |  | — |
Net income available to common stockholders | $ | 221,911 |  |  | $ | 220,683 |  |  | $ | 205,531 |
Net income | $ | 223,786 |  |  | $ | 222,089 |  |  | $ | 205,531 |
Other comprehensive income (loss) | 63,181 |  |  | (294,264) |  |  | (19,723) |
Comprehensive income (loss) | $ | 286,967 |  |  | $ | (72,175) |  |  | $ | 185,808 |
Schedule of Condensed Statement of Cash Flows | Condensed Statements of Cash Flows
| December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
Cash Flow From Operating Activities: |  |  |  |  |
Net income | $ | 223,786 |  |  | $ | 222,089 |  |  | $ | 205,531 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |
Share-based compensation | 1,803 |  |  | 1,659 |  |  | 1,563 |
Distributions in excess of (equity in undistributed) income of subsidiaries | (105,984) |  |  | (145,057) |  |  | (55,162) |
Other adjustments | (2,446) |  |  | (5,925) |  |  | (288) |
Net cash provided by operating activities | 117,159 |  |  | 72,766 |  |  | 151,644 |
Cash Flow From Investing Activities: |  |  |  |  |
Net cash and cash equivalents paid in acquisition | — |  |  | (72,494) |  |  | — |
Proceeds from business divestitures | 4,852 |  |  | — |  |  | — |
Net cash provided (used) by investing activities | 4,852 |  |  | (72,494) |  |  | — |
Cash Flow From Financing Activities: |  |  |  |  |
Cash dividends on common stock | (80,061) |  |  | (72,748) |  |  | (61,230) |
Cash dividends on preferred stock | (1,875) |  |  | (1,406) |  |  | — |
Stock issued under employee benefit plans | 754 |  |  | 706 |  |  | 605 |
Stock issued under dividend reinvestment and stock purchase plan | 2,180 |  |  | 2,056 |  |  | 1,880 |
Stock options exercised | 1,110 |  |  | 358 |  |  | 198 |
Repurchases of common stock | — |  |  | — |  |  | (25,444) |
Net cash used by financing activities | (77,892) |  |  | (71,034) |  |  | (83,991) |
Net change in cash and cash equivalents | 44,119 |  |  | (70,762) |  |  | 67,653 |
Cash and cash equivalents, beginning of the year | 56,739 |  |  | 127,501 |  |  | 59,848 |
Cash and cash equivalents, end of year | $ | 100,858 |  |  | $ | 56,739 |  |  | $ | 127,501 |

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/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + 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/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + 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/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration