XML 67 R51.htm IDEA: XBRL DOCUMENT
v3.20.4

Parent Company Only Condensed Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
| December 31,
($ in thousands) | 2020 |  | 2019
Assets |  |  |
Cash | $ | 75,475 |  |  | $ | 21,955 |
Investment in Bank | 1,200,689 |  |  | 977,959 |
Investment in nonbank subsidiaries | 9,778 |  |  | 9,795 |
Other assets | 35,108 |  |  | 37,905 |
Total assets | $ | 1,321,050 |  |  | $ | 1,047,614 |
Liabilities and Shareholders’ Equity |  |  |
Subordinated debentures and notes | $ | 203,637 |  |  | $ | 141,258 |
Notes payable | 30,000 |  |  | 34,286 |
Accounts payable and other liabilities | 8,439 |  |  | 4,885 |
Shareholders' equity | 1,078,974 |  |  | 867,185 |
Total liabilities and shareholders' equity | $ | 1,321,050 |  |  | $ | 1,047,614 |
Condensed Statements of Operations | Condensed Statements of Operations
| Year ended December 31,
($ in thousands) | 2020 |  | 2019 |  | 2018
Income: |  |  |  |  |
Dividends from Bank | $ | 37,000 |  |  | $ | 60,000 |  |  | $ | 30,000 |
Dividends from nonbank subsidiaries | 1,400 |  |  | 1,500 |  |  | 1,200 |
Other | 483 |  |  | 663 |  |  | 1,784 |
Total income | 38,883 |  |  | 62,163 |  |  | 32,984 |
Expenses: |  |  |  |  |
Interest expense-subordinated debentures and notes | 9,885 |  |  | 7,507 |  |  | 5,798 |
Interest expense-notes payable | 705 |  |  | 1,182 |  |  | 62 |
Other expenses | 6,946 |  |  | 6,936 |  |  | 7,087 |
Total expenses | 17,536 |  |  | 15,625 |  |  | 12,947 |
Income before taxes and equity in undistributed earnings of subsidiaries | 21,347 |  |  | 46,538 |  |  | 20,037 |
Income tax benefit | 3,448 |  |  | 3,478 |  |  | 3,482 |
Net income before equity in undistributed earnings of subsidiaries | 24,795 |  |  | 50,016 |  |  | 23,519 |
Equity in undistributed earnings of subsidiaries | 49,589 |  |  | 42,723 |  |  | 65,698 |
Net income and comprehensive income | $ | 74,384 |  |  | $ | 92,739 |  |  | $ | 89,217 |
Condensed Statements of Cash Flow | Condensed Statements of Cash Flows
| Year ended December 31,
($ in thousands) | 2020 |  | 2019 |  | 2018
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 74,384 |  |  | $ | 92,739 |  |  | $ | 89,217 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Share-based compensation | 4,178 |  |  | 4,032 |  |  | 3,452 |
Net income of subsidiaries | (87,989) |  |  | (104,223) |  |  | (94,898) |
Dividends from subsidiaries | 38,400 |  |  | 61,500 |  |  | 31,200 |
Other, net | 3,588 |  |  | (1,063) |  |  | (953) |
Net cash provided by operating activities | 32,561 |  |  | 52,985 |  |  | 28,018 |
Cash flows from investing activities: |  |  |  |  |
Cash paid for acquisitions, net of cash acquired | (1,243) |  |  | (36,015) |  |  | — |
Purchases of other investments | (1,166) |  |  | (2,634) |  |  | (2,729) |
Proceeds from distributions on other investments | 765 |  |  | 1,271 |  |  | 1,911 |
Net cash used in investing activities | (1,644) |  |  | (37,378) |  |  | (818) |
Cash flows from financing activities: |  |  |  |  |
Proceeds from issuance of subordinated notes | 61,953 |  |  | — |  |  | — |
Proceeds from notes payable | — |  |  | 1,000 |  |  | 2,000 |
Repayments of notes payable | — |  |  | (3,000) |  |  | — |
Proceeds from issuance of long-term debt | — |  |  | 40,000 |  |  | — |
Repayment of long-term debt | (4,286) |  |  | (5,714) |  |  | — |
Cash dividends paid | (19,795) |  |  | (16,569) |  |  | (10,845) |
Payments for the repurchase of common stock | (15,347) |  |  | (15,526) |  |  | (19,387) |
Payments for the issuance of equity instruments, net | 78 |  |  | (212) |  |  | (2,576) |
Net cash provided by (used in) financing activities | 22,603 |  |  | (21) |  |  | (30,808) |
Net increase (decrease) in cash and cash equivalents | 53,520 |  |  | 15,586 |  |  | (3,608) |
Cash and cash equivalents, beginning of year | 21,955 |  |  | 6,369 |  |  | 9,977 |
Cash and cash equivalents, end of year | $ | 75,475 |  |  | $ | 21,955 |  |  | $ | 6,369 |
Supplemental disclosures of cash flow information: |  |  |  |  |
Noncash transactions: |  |  |  |  |
Common shares issued in connection with acquisitions | $ | 167,035 |  |  | $ | 171,885 |  |  | $ | — |

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: | nonnum: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: | nonnum: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: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration