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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

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- References

No definition available.

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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
-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

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