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CONDENSED FINANCIAL INFORMATION (parent company only) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
CONDENSED FINANCIAL INFORMATION (parent company only) | CONDENSED FINANCIAL INFORMATION (parent company only) Presented below is condensed financial information as to financial position, results of operations, and cash flows of the Corporation. Condensed Balance Sheets
| December 31, 2024 |  | December 31, 2023
Assets |  |  |
Cash and due from banks | $ | 66,996 |  |  | $ | 100,858 |
Investment in subsidiaries | 2,315,701 |  |  | 2,291,788 |
Other assets | 12,834 |  |  | 10,250 |
Total assets | $ | 2,395,531 |  |  | $ | 2,402,896 |
Liabilities |  |  |
Subordinated debentures and other borrowings | $ | 85,232 |  |  | $ | 150,174 |
Interest payable | 329 |  |  | 1,383 |
Other liabilities | 4,987 |  |  | 3,626 |
Total liabilities | 90,548 |  |  | 155,183 |
Stockholders' equity | 2,304,983 |  |  | 2,247,713 |
Total liabilities and stockholders' equity | $ | 2,395,531 |  |  | $ | 2,402,896 |
Condensed Statements of Income and Comprehensive Income (Loss)
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Income |  |  |  |  |
Dividends from subsidiaries | $ | 180,000 |  |  | $ | 131,525 |  |  | $ | 90,500 |
Other income | 210 |  |  | 16 |  |  | (1,693) |
Total income | 180,210 |  |  | 131,541 |  |  | 88,807 |
Expenses |  |  |  |  |
Interest expense | 6,803 |  |  | 10,164 |  |  | 8,005 |
Salaries and employee benefits | 4,536 |  |  | 4,406 |  |  | 3,786 |
Other expenses | 3,640 |  |  | 3,695 |  |  | 3,629 |
Total expenses | 14,979 |  |  | 18,265 |  |  | 15,420 |
Income before income tax benefit and equity in undistributed income of subsidiaries | 165,231 |  |  | 113,276 |  |  | 73,387 |
Income tax benefit | (3,311) |  |  | (4,526) |  |  | (3,645) |
Income before equity in undistributed income of subsidiaries | 168,542 |  |  | 117,802 |  |  | 77,032 |
Equity in undistributed income of subsidiaries | 32,860 |  |  | 105,984 |  |  | 145,057 |
Net income | 201,402 |  |  | 223,786 |  |  | 222,089 |
Preferred stock dividends | 1,875 |  |  | 1,875 |  |  | 1,406 |
Net income available to common stockholders | $ | 199,527 |  |  | $ | 221,911 |  |  | $ | 220,683 |
Net income | $ | 201,402 |  |  | $ | 223,786 |  |  | $ | 222,089 |
Other comprehensive income (loss) | (12,715) |  |  | 63,181 |  |  | (294,264) |
Comprehensive income (loss) | $ | 188,687 |  |  | $ | 286,967 |  |  | $ | (72,175) |
Condensed Statements of Cash Flows
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Cash Flow From Operating Activities: |  |  |  |  |
Net income | $ | 201,402 |  |  | $ | 223,786 |  |  | $ | 222,089 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |
Share-based compensation | 2,060 |  |  | 1,803 |  |  | 1,659 |
Equity in undistributed income of subsidiaries | (32,860) |  |  | (105,984) |  |  | (145,057) |
Other adjustments | (3,615) |  |  | (2,446) |  |  | (5,925) |
Net cash provided by operating activities | 166,987 |  |  | 117,159 |  |  | 72,766 |
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 | (81,623) |  |  | (80,061) |  |  | (72,748) |
Cash dividends on preferred stock | (1,875) |  |  | (1,875) |  |  | (1,406) |
Borrowings |  |  |  |  |
Repayment of borrowings | (65,000) |  |  | — |  |  | — |
Stock issued under employee benefit plans | 656 |  |  | 754 |  |  | 706 |
Stock issued under dividend reinvestment and stock purchase plan | 2,261 |  |  | 2,180 |  |  | 2,056 |
Stock options exercised | 900 |  |  | 1,110 |  |  | 358 |
Repurchases of common stock | (56,168) |  |  | — |  |  | — |
Net cash used by financing activities | (200,849) |  |  | (77,892) |  |  | (71,034) |
Net change in cash and cash equivalents | (33,862) |  |  | 44,119 |  |  | (70,762) |
Cash and cash equivalents, beginning of the year | 100,858 |  |  | 56,739 |  |  | 127,501 |
Cash and cash equivalents, end of year | $ | 66,996 |  |  | $ | 100,858 |  |  | $ | 56,739 |

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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/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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