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Parent Company Only Condensed Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
| December 31,
($ in thousands) | 2021 |  | 2020
Assets |  |  |
Cash | $ | 94,760 |  |  | $ | 75,475 |
Investment in Bank | 1,568,796 |  |  | 1,200,689 |
Investment in nonbank subsidiaries | 14,302 |  |  | 9,778 |
Other assets | 33,847 |  |  | 35,108 |
Total assets | $ | 1,711,705 |  |  | $ | 1,321,050 |
Liabilities and Shareholders’ Equity |  |  |
Subordinated debentures and notes | $ | 154,899 |  |  | $ | 203,637 |
Notes payable | 22,857 |  |  | 30,000 |
Accounts payable and other liabilities | 4,833 |  |  | 8,439 |
Shareholders' equity | 1,529,116 |  |  | 1,078,974 |
Total liabilities and shareholders' equity | $ | 1,711,705 |  |  | $ | 1,321,050 |
Condensed Statements of Operations | Condensed Statements of Operations
| Year ended December 31,
($ in thousands) | 2021 |  | 2020 |  | 2019
Income: |  |  |  |  |
Dividends from Bank | $ | 95,000 |  |  | $ | 37,000 |  |  | $ | 60,000 |
Dividends from nonbank subsidiaries | 2,000 |  |  | 1,400 |  |  | 1,500 |
Other | 3,600 |  |  | 483 |  |  | 663 |
Total income | 100,600 |  |  | 38,883 |  |  | 62,163 |
Expenses: |  |  |  |  |
Interest expense | 11,406 |  |  | 10,590 |  |  | 8,689 |
Other expenses | 11,037 |  |  | 6,946 |  |  | 6,936 |
Total expenses | 22,443 |  |  | 17,536 |  |  | 15,625 |
Income before taxes and equity in undistributed earnings of subsidiaries | 78,157 |  |  | 21,347 |  |  | 46,538 |
Income tax benefit | 3,710 |  |  | 3,448 |  |  | 3,478 |
Net income before equity in undistributed earnings of subsidiaries | 81,867 |  |  | 24,795 |  |  | 50,016 |
Equity in undistributed earnings of subsidiaries | 51,188 |  |  | 49,589 |  |  | 42,723 |
Net income | $ | 133,055 |  |  | $ | 74,384 |  |  | $ | 92,739 |
The following table presents miscellaneous income and other expense components that exceed one percent of the aggregate of total interest income and other income in one or more of the periods indicated:
| Year ended December 31,
($ in thousands) | 2021 |  | 2020 |  | 2019
Miscellaneous income: |  |  |  |  |
Community development fees | $ | 5,491 |  |  | $ | 3,353 |  |  | $ | 889 |
Other miscellaneous income | 16,657 |  |  | 13,609 |  |  | 11,007 |
Total miscellaneous income | $ | 22,148 |  |  | $ | 16,962 |  |  | $ | 11,896 |
Other expense: |  |  |  |  |
Amortization expense | $ | 5,691 |  |  | $ | 5,673 |  |  | $ | 5,543 |
Banking expenses | 6,123 |  |  | 4,921 |  |  | 5,258 |
Customer analysis expense | 12,104 |  |  | 1,246 |  |  | — |
FDIC and other insurance | 5,789 |  |  | 3,897 |  |  | 2,380 |
Loan, legal expenses | 7,130 |  |  | 4,003 |  |  | 3,526 |
Meals and entertainment | 1,253 |  |  | 742 |  |  | 3,670 |
Outside services | 4,992 |  |  | 4,961 |  |  | 4,335 |
Other expenses | 19,593 |  |  | 18,807 |  |  | 17,119 |
Total other noninterest expenses | $ | 62,675 |  |  | $ | 44,250 |  |  | $ | 41,831 |
Condensed Statements of Cash Flow | Condensed Statements of Cash Flows
| Year ended December 31,
($ in thousands) | 2021 |  | 2020 |  | 2019
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 133,055 |  |  | $ | 74,384 |  |  | $ | 92,739 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Share-based compensation | 6,017 |  |  | 4,178 |  |  | 4,032 |
Net income of subsidiaries | (148,188) |  |  | (87,989) |  |  | (104,223) |
Dividends from subsidiaries | 97,000 |  |  | 38,400 |  |  | 61,500 |
Other, net | (16) |  |  | 3,588 |  |  | (1,063) |
Net cash provided by operating activities | 87,868 |  |  | 32,561 |  |  | 52,985 |
Cash flows from investing activities: |  |  |  |  |
Proceeds (cash paid) for acquisitions, net of cash acquired | 2,346 |  |  | (1,243) |  |  | (36,015) |
Purchases of other investments | (2,204) |  |  | (1,166) |  |  | (2,634) |
Proceeds from distributions on other investments | 2,656 |  |  | 765 |  |  | 1,271 |
Net cash provided by (used in) investing activities | 2,798 |  |  | (1,644) |  |  | (37,378) |
Cash flows from financing activities: |  |  |  |  |
Proceeds from issuance of subordinated notes | — |  |  | 61,953 |  |  | — |
Payments for the redemption of subordinated notes | (50,000) |  |  | — |  |  | — |
Proceeds from notes payable | — |  |  | — |  |  | 1,000 |
Repayments of notes payable | — |  |  | — |  |  | (3,000) |
Proceeds from issuance of long-term debt | — |  |  | — |  |  | 40,000 |
Repayment of long-term debt | (7,143) |  |  | (4,286) |  |  | (5,714) |
Cash dividends paid | (26,153) |  |  | (19,795) |  |  | (16,569) |
Payments for the repurchase of common stock | (60,589) |  |  | (15,347) |  |  | (15,526) |
Proceeds from issuance of preferred stock | 71,988 |  |  | — |  |  | — |
Other | 516 |  |  | 78 |  |  | (212) |
Net cash provided by (used in) financing activities | (71,381) |  |  | 22,603 |  |  | (21) |
Net increase in cash and cash equivalents | 19,285 |  |  | 53,520 |  |  | 15,586 |
Cash and cash equivalents, beginning of year | 75,475 |  |  | 21,955 |  |  | 6,369 |
Cash and cash equivalents, end of year | $ | 94,760 |  |  | $ | 75,475 |  |  | $ | 21,955 |
Supplemental disclosures of cash flow information: |  |  |  |  |
Noncash transactions: |  |  |  |  |
Common shares issued in connection with acquisitions | $ | 343,650 |  |  | $ | 167,035 |  |  | $ | 171,885 |

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