XML 47 R31.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Parent Company Only Condensed Financial Statements | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Parent Company Only Condensed Financial Statements | PARENT COMPANY ONLY CONDENSED FINANCIAL STATEMENTS 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
| 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 |
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 |

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

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration