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Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Statements of Financial Condition | STATEMENTS OF FINANCIAL CONDITION
| December 31,
| 2018 |  | 2017
| (Dollars in thousands)
ASSETS: |  |  |
Cash and cash equivalents | $ | 12,593 |  |  | $ | 13,327 |
Equity investments | 525 |  |  | — |
Other assets | 5,704 |  |  | 10,763 |
Investment in bank subsidiary | 2,181,959 |  |  | 2,005,462 |
TOTAL ASSETS | $ | 2,200,781 |  |  | $ | 2,029,552 |
LIABILITIES: |  |  |
Convertible notes, net | $ | 194,543 |  |  | $ | — |
Subordinated debentures | 101,929 |  |  | 100,853 |
Accounts payable and other liabilities | 1,098 |  |  | 444 |
Total liabilities | 297,570 |  |  | 101,297 |
STOCKHOLDERS’ EQUITY | 1,903,211 |  |  | 1,928,255 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 2,200,781 |  |  | $ | 2,029,552 |
Statements of Income and Comprehensive Income | STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016
| (Dollars in thousands)
Interest income | $ | — |  |  | $ | — |  |  | $ | — |
Interest expense | (12,153 | ) |  | (5,089 | ) |  | (2,927 | )
Noninterest income | 525 |  |  | — |  |  | — |
Other operating expense | (4,855 | ) |  | (5,988 | ) |  | (9,826 | )
Equity in earnings of bank subsidiary | 201,162 |  |  | 146,397 |  |  | 121,996 |
Income before income tax benefit | 184,679 |  |  | 135,320 |  |  | 109,243 |
Income tax benefit | 4,910 |  |  | 4,125 |  |  | 4,504 |
Net income | 189,589 |  |  | 139,445 |  |  | 113,747 |
Other comprehensive loss, net of tax | (11,205 | ) |  | (3,527 | ) |  | (12,825 | )
Comprehensive income | $ | 178,384 |  |  | $ | 135,918 |  |  | $ | 100,922 |
Statements of Cash Flows | STATEMENTS OF CASH FLOWS
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016
| (Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net income | $ | 189,589 |  |  | $ | 139,445 |  |  | $ | 113,747 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |
Amortization | 4,118 |  |  | 1,045 |  |  | 558 |
Stock-based compensation expense | 300 |  |  | 523 |  |  | — |
Net gain on equity investments | (525 | ) |  | — |  |  | — |
Change in other assets | 4,534 |  |  | 665 |  |  | 2,172 |
Change in accounts payable and other liabilities | 653 |  |  | (17 | ) |  | (119 | )
Equity in undistributed earnings of bank subsidiary | (191,161 | ) |  | (76,397 | ) |  | (77,996 | )
Net cash from operating activities | 7,508 |  |  | 65,264 |  |  | 38,362 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Cash and cash equivalents acquired through the merger | — |  |  | — |  |  | 13,248 |
Net cash from investing activities | — |  |  | — |  |  | 13,248 |
CASH FLOWS USED IN FINANCING ACTIVITIES: |  |  |  |  |
Issuance of additional stock pursuant to various stock plans | 469 |  |  | 1,865 |  |  | — |
Proceeds from convertible notes, net of issuance fees | 212,920 |  |  | — |  |  | — |
Repurchase of shares of treasury stock | (150,000 | ) |  | — |  |  | — |
Payments of cash dividends | (71,631 | ) |  | (67,661 | ) |  | (42,493 | )
Net cash used in financing activities | (8,242 | ) |  | (65,796 | ) |  | (42,493 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | (734 | ) |  | (532 | ) |  | 9,117 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 13,327 |  |  | 13,859 |  |  | 4,742 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 12,593 |  |  | $ | 13,327 |  |  | $ | 13,859 |

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