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Note 22 - Parent Corporation Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | Condensed Statements of Condition |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
|  | (dollars in thousands) |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 36,152 |  |  | $ | 35,885 |
Investment in subsidiaries |  |  | 1,276,997 |  |  |  | 1,253,497 |
Investment securities |  |  | 156 |  |  |  | 156 |
Equity securities |  |  | 8,654 |  |  |  | 6,957 |
Other assets |  |  | 3 |  |  |  | - |
Total assets |  | $ | 1,321,962 |  |  | $ | 1,296,495 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Other liabilities |  |  | 314 |  |  |  | 436 |
Subordinated debentures, net |  |  | 79,944 |  |  |  | 79,439 |
Stockholders’ equity |  |  | 1,241,704 |  |  |  | 1,216,620 |
Total liabilities and stockholders’ equity |  | $ | 1,321,962 |  |  | $ | 1,296,495 |
Condensed Income Statement [Table Text Block] |
|  | Condensed Statements of Income |
|  | For Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |
Income: |  |  |  |  |  |  |  |  |  |  |  |
Dividend income from subsidiaries |  | $ | 45,950 |  |  | $ | 50,725 |  |  | $ | 36,475 |
Other income |  |  | 177 |  |  |  | 946 |  |  |  | 1,638 |
Total Income |  |  | 46,127 |  |  |  | 51,671 |  |  |  | 38,113 |
Expenses |  |  | (5,406 | ) |  |  | (6,359 | ) |  |  | (8,928 | )
Income before equity in undistributed earnings of subsidiaries |  |  | 40,721 |  |  |  | 45,312 |  |  |  | 29,185 |
Equity in undistributed earnings of subsidiaries |  |  | 33,072 |  |  |  | 41,691 |  |  |  | 96,026 |
Net Income |  |  | 73,793 |  |  |  | 87,003 |  |  |  | 125,211 |
Preferred dividends |  |  | 6,036 |  |  |  | 6,036 |  |  |  | 6,037 |
Net income available to common stockholders |  | $ | 67,757 |  |  | $ | 80,967 |  |  | $ | 119,174 |
Condensed Cash Flow Statement [Table Text Block] |
|  | Condensed Statements of Cash Flows |
|  | For Years Ended December 31 |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 73,793 |  |  | $ | 87,003 |  |  | $ | 125,211 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  |  | (33,072 | ) |  |  | (41,691 | ) |  |  | (96,026 | )
(Gain) loss on equity securities, net |  |  | (164 | ) |  |  | 131 |  |  |  | 45 |
Amortization of subordinated debt issuance costs |  |  | 505 |  |  |  | 1,184 |  |  |  | 304 |
(Increase) decrease in other assets |  |  | (3 | ) |  |  | 699 |  |  |  | - |
Decrease in other liabilities |  |  | (122 | ) |  |  | (1,384 | ) |  |  | (14 | )
Net cash provided by operating activities |  |  | 40,937 |  |  |  | 45,942 |  |  |  | 29,520 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Payments for investments and advances in subsidiaries |  |  | - |  |  |  | (32,250 | ) |  |  | - |
Repayment of investments and advances in subsidiaries |  |  | - |  |  |  | 32,250 |  |  |  | - |
Purchases of equity securities |  |  | (1,533 | ) |  |  | (2,870 | ) |  |  | (3,538 | )
Net cash used in investing activities |  |  | (1,533 | ) |  |  | (2,870 | ) |  |  | (3,538 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Repayment of subordinated debt |  |  | - |  |  |  | (75,000 | ) |  |  | - |
Cash dividends paid on preferred stock |  |  | (6,036 | ) |  |  | (6,036 | ) |  |  | (6,037 | )
Cash dividends paid on common stock |  |  | (27,281 | ) |  |  | (25,912 | ) |  |  | (23,428 | )
Purchase of treasury stock |  |  | (5,820 | ) |  |  | (17,497 | ) |  |  | (13,127 | )
Proceeds from exercise of stock options |  |  | - |  |  |  | 96 |  |  |  | 124 |
Net cash used in financing activities |  |  | (39,137 | ) |  |  | (124,349 | ) |  |  | (42,468 | )
Increase (decrease) increase in cash and cash equivalents |  |  | 267 |  |  |  | (81,277 | ) |  |  | (16,486 | )
Cash and cash equivalents as of January 1, |  |  | 35,885 |  |  |  | 117,162 |  |  |  | 133,648 |
Cash and cash equivalents as of December 31, |  | $ | 36,152 |  |  | $ | 35,885 |  |  | $ | 117,162 |

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