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Parent Company Only Condensed Financial Statements (Tables)
12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets
December 31,
($ in thousands)20212020
Assets
Cash$94,760 $75,475 
Investment in Bank1,568,796 1,200,689 
Investment in nonbank subsidiaries14,302 9,778 
Other assets33,847 35,108 
   Total assets$1,711,705 $1,321,050 
Liabilities and Shareholders’ Equity
Subordinated debentures and notes$154,899 $203,637 
Notes payable22,857 30,000 
Accounts payable and other liabilities4,833 8,439 
Shareholders' equity1,529,116 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)202120202019
Income:
Dividends from Bank$95,000 $37,000 $60,000 
Dividends from nonbank subsidiaries2,000 1,400 1,500 
Other3,600 483 663 
Total income100,600 38,883 62,163 
Expenses:
Interest expense11,406 10,590 8,689 
Other expenses11,037 6,946 6,936 
Total expenses22,443 17,536 15,625 
Income before taxes and equity in undistributed earnings of subsidiaries78,157 21,347 46,538 
Income tax benefit3,710 3,448 3,478 
Net income before equity in undistributed earnings of subsidiaries81,867 24,795 50,016 
Equity in undistributed earnings of subsidiaries51,188 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)202120202019
Miscellaneous income:
Community development fees$5,491 $3,353 $889 
Other miscellaneous income16,657 13,609 11,007 
Total miscellaneous income$22,148 $16,962 $11,896 
Other expense:
Amortization expense$5,691 $5,673 $5,543 
Banking expenses6,123 4,921 5,258 
Customer analysis expense12,104 1,246 — 
FDIC and other insurance5,789 3,897 2,380 
Loan, legal expenses7,130 4,003 3,526 
Meals and entertainment1,253 742 3,670 
Outside services4,992 4,961 4,335 
Other expenses19,593 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)202120202019
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 compensation6,017 4,178 4,032 
Net income of subsidiaries(148,188)(87,989)(104,223)
Dividends from subsidiaries97,000 38,400 61,500 
Other, net(16)3,588 (1,063)
Net cash provided by operating activities87,868 32,561 52,985 
Cash flows from investing activities:
Proceeds (cash paid) for acquisitions, net of cash acquired2,346 (1,243)(36,015)
Purchases of other investments(2,204)(1,166)(2,634)
Proceeds from distributions on other investments2,656 765 1,271 
Net cash provided by (used in) investing activities2,798 (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 stock71,988 — — 
Other516 78 (212)
Net cash provided by (used in) financing activities(71,381)22,603 (21)
Net increase in cash and cash equivalents19,285 53,520 15,586 
Cash and cash equivalents, beginning of year75,475 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