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Parent Company Financial Information
12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Parent Company Financial Information Parent Company Financial InformationCondensed financial information for Eagle Bancorp, Inc. (Parent Company only) is as follows:
(dollars in thousands)December 31, 2021December 31, 2020
Assets    
Cash$41,997 $29,275 
Investment securities available-for-sale, at fair value43,680 16,716 
Investment in subsidiaries1,342,784 1,347,235 
Other assets5,150 79,590 
Total Assets$1,433,611 $1,472,816 
Liabilities
Other liabilities$13,166 $13,847 
Long-term borrowings69,670 218,077 
Total liabilities82,836 231,924 
Shareholders’ Equity
Common stock316 315 
Additional paid in capital434,640 427,016 
Retained earnings930,061 798,061 
Accumulated other comprehensive income (loss)(14,242)15,500 
Total Shareholders’ Equity1,350,775 1,240,892 
Total Liabilities and Shareholders’ Equity$1,433,611 $1,472,816 
Years Ended December 31,
(dollars in thousands)202120202019
Income      
Other interest and dividends$170,741 $141,982 $85,851 
Gain on sale of investment securities93 — — 
Other income (loss)(46)— — 
Total Income$170,788 $141,982 $85,851 
Expenses
Interest expense9,993 11,915 11,916 
Legal and professional2,617 2,842 2,779 
Directors compensation589 500 491 
Other1,251 1,306 1,294 
Total Expenses$14,450 $16,563 $16,480 
Income Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries156,338 125,419 69,371 
Income Tax Benefit(2,903)(607)(3,176)
Income Before Equity in Undistributed Income of Subsidiaries159,242 126,026 72,547 
Equity in Undistributed Income of Subsidiaries17,449 6,191 70,396 
Net Income$176,691 $132,217 $142,943 
Years Ended December 31,
(dollars in thousands)202120202019
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 compensation7,811 118 10 
Securities premium amortization, net
Depreciation and amortization— 390 — 
Decrease (increase) in other assets66,598 (48,966)(21,447)
Increase (decrease) in other liabilities(681)6,823 2,460 
Net cash provided by (used in) operating activities232,975 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 securities13,031 613 — 
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 plan496 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 Cash12,722 (13,929)(29,579)
Cash and Cash Equivalents at Beginning of Year29,275 43,204 72,783 
Cash and Cash Equivalents at End of Year$41,997 $29,275 $43,204