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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet for Parent Company only |
(dollars in thousands) |  | December 31, 2021 |  | December 31, 2020
Assets |  |  |  |
Cash |  | $ | 41,997 |  |  | $ | 29,275 |
Investment securities available-for-sale, at fair value |  | 43,680 |  |  | 16,716 |
Investment in subsidiaries |  | 1,342,784 |  |  | 1,347,235 |
Other assets |  | 5,150 |  |  | 79,590 |
Total Assets |  | $ | 1,433,611 |  |  | $ | 1,472,816 |
Liabilities |  |  |  |
Other liabilities |  | $ | 13,166 |  |  | $ | 13,847 |
Long-term borrowings |  | 69,670 |  |  | 218,077 |
Total liabilities |  | 82,836 |  |  | 231,924 |
Shareholders’ Equity |  |  |  |
Common stock |  | 316 |  |  | 315 |
Additional paid in capital |  | 434,640 |  |  | 427,016 |
Retained earnings |  | 930,061 |  |  | 798,061 |
Accumulated other comprehensive income (loss) |  | (14,242) |  |  | 15,500 |
Total Shareholders’ Equity |  | 1,350,775 |  |  | 1,240,892 |
Total Liabilities and Shareholders’ Equity |  | $ | 1,433,611 |  |  | $ | 1,472,816 |
Schedule of Condensed Income Statement for Parent Company only |
|  | Years Ended December 31,
(dollars in thousands) |  | 2021 |  | 2020 |  | 2019
Income |  |  |  |  |  |
Other interest and dividends |  | $ | 170,741 |  |  | $ | 141,982 |  |  | $ | 85,851 |
Gain on sale of investment securities |  | 93 |  |  | — |  |  | — |
Other income (loss) |  | (46) |  |  | — |  |  | — |
Total Income |  | $ | 170,788 |  |  | $ | 141,982 |  |  | $ | 85,851 |
Expenses |  |  |  |  |  |
Interest expense |  | 9,993 |  |  | 11,915 |  |  | 11,916 |
Legal and professional |  | 2,617 |  |  | 2,842 |  |  | 2,779 |
Directors compensation |  | 589 |  |  | 500 |  |  | 491 |
Other |  | 1,251 |  |  | 1,306 |  |  | 1,294 |
Total Expenses |  | $ | 14,450 |  |  | $ | 16,563 |  |  | $ | 16,480 |
Income Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries |  | 156,338 |  |  | 125,419 |  |  | 69,371 |
Income Tax Benefit |  | (2,903) |  |  | (607) |  |  | (3,176) |
Income Before Equity in Undistributed Income of Subsidiaries |  | 159,242 |  |  | 126,026 |  |  | 72,547 |
Equity in Undistributed Income of Subsidiaries |  | 17,449 |  |  | 6,191 |  |  | 70,396 |
Net Income |  | $ | 176,691 |  |  | $ | 132,217 |  |  | $ | 142,943 |
Schedule of Condensed Cash Flow Statement for Parent Company only |
|  | Years Ended December 31,
(dollars in thousands) |  | 2021 |  | 2020 |  | 2019
Cash Flows From Operating Activities |  |  |  |  |  |
Net Income |  | $ | 176,691 |  |  | $ | 132,217 |  |  | $ | 142,943 |
Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed income of subsidiary |  | (17,449) |  |  | (6,191) |  |  | (70,396) |
Net tax benefits from stock compensation |  | 7,811 |  |  | 118 |  |  | 10 |
Securities premium amortization, net |  | 5 |  |  | 6 |  |  | 2 |
Depreciation and amortization |  | — |  |  | 390 |  |  | — |
Decrease (increase) in other assets |  | 66,598 |  |  | (48,966) |  |  | (21,447) |
Increase (decrease) in other liabilities |  | (681) |  |  | 6,823 |  |  | 2,460 |
Net cash provided by (used in) operating activities |  | 232,975 |  |  | 84,397 |  |  | 53,572 |
Cash Flows From Investing Activities |  |  |  |  |  |
Purchases of available-for-sale investment securities |  | (40,000) |  |  | (10,000) |  |  | (7,030) |
Proceeds from maturities of available-for-sale securities |  | 13,031 |  |  | 613 |  |  | — |
Investment in subsidiary (net) |  | — |  |  | — |  |  | — |
Net cash (used in) provided by investing activities |  | (26,969) |  |  | (9,387) |  |  | (7,030) |
Cash Flows From Financing Activities |  |  |  |  |  |
Repayment of long term debt |  | (148,407) |  |  | — |  |  | — |
Proceeds from exercise of stock options |  | — |  |  | 63 |  |  | 332 |
Proceeds from employee stock purchase plan |  | 496 |  |  | 760 |  |  | 782 |
Common stock repurchased |  | (682) |  |  | (61,432) |  |  | (54,903) |
Cash dividends paid |  | (44,691) |  |  | (28,330) |  |  | (22,332) |
Net cash (used in) provided by financing activities |  | (193,284) |  |  | (88,939) |  |  | (76,121) |
Net (Decrease) in Cash |  | 12,722 |  |  | (13,929) |  |  | (29,579) |
Cash and Cash Equivalents at Beginning of Year |  | 29,275 |  |  | 43,204 |  |  | 72,783 |
Cash and Cash Equivalents at End of Year |  | $ | 41,997 |  |  | $ | 29,275 |  |  | $ | 43,204 |

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