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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet for Parent Company only |
(dollars in thousands) |  | December 31, 2022 |  | December 31, 2021
Assets |  |  |  |
Cash |  | $ | 21,540 |  |  | $ | 41,997 |
Investment securities available-for-sale, at fair value, net of allowance for credit loss of $0 in 2021 |  | — |  |  | 43,680 |
Investment securities held-to-maturity, net allowance for credit loss of $326 thousand in 2022 |  | 44,673 |  |  | — |
Investment in subsidiaries |  | 1,240,473 |  |  | 1,342,784 |
Other assets |  | 9,065 |  |  | 5,150 |
Total Assets |  | $ | 1,315,751 |  |  | $ | 1,433,611 |
Liabilities |  |  |  |
Other liabilities |  | $ | 17,636 |  |  | $ | 13,166 |
Long-term borrowings |  | 69,794 |  |  | 69,670 |
Total liabilities |  | 87,430 |  |  | 82,836 |
Shareholders’ Equity |  |  |  |
Common stock |  | 310 |  |  | 316 |
Additional paid in capital |  | 412,303 |  |  | 434,640 |
Retained earnings |  | 1,015,215 |  |  | 930,061 |
Accumulated other comprehensive loss |  | (199,507) |  |  | (14,242) |
Total Shareholders’ Equity |  | 1,228,321 |  |  | 1,350,775 |
Total Liabilities and Shareholders’ Equity |  | $ | 1,315,751 |  |  | $ | 1,433,611 |
Schedule of Condensed Income Statement for Parent Company only |
|  | Years Ended December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Income |  |  |  |  |  |
Other interest and dividends |  | $ | 87,781 |  |  | $ | 170,741 |  |  | $ | 141,982 |
Gain on sale of investment securities |  | — |  |  | 93 |  |  | — |
Other income (loss) |  | (24) |  |  | (46) |  |  | — |
Total Income |  | 87,757 |  |  | 170,788 |  |  | 141,982 |
Expenses |  |  |  |  |  |
Interest expense |  | 4,149 |  |  | 9,993 |  |  | 11,915 |
Legal and professional |  | 894 |  |  | 2,617 |  |  | 2,842 |
Directors compensation |  | 643 |  |  | 589 |  |  | 500 |
Provision for credit losses |  | 326 |  |  | — |  |  | — |
Other |  | 14,746 |  |  | 1,250 |  |  | 1,306 |
Total Expenses |  | 20,758 |  |  | 14,449 |  |  | 16,563 |
Income Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries |  | 66,999 |  |  | 156,339 |  |  | 125,419 |
Income Tax Benefit |  | (1,183) |  |  | (2,903) |  |  | (607) |
Income Before Equity in Undistributed Income of Subsidiaries |  | 68,182 |  |  | 159,242 |  |  | 126,026 |
Equity in Undistributed Income of Subsidiaries |  | 72,748 |  |  | 17,449 |  |  | 6,191 |
Net Income |  | $ | 140,930 |  |  | $ | 176,691 |  |  | $ | 132,217 |
Schedule of Condensed Cash Flow Statement for Parent Company only |
|  | Years Ended December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Cash Flows From Operating Activities |  |  |  |  |  |
Net Income |  | $ | 140,930 |  |  | $ | 176,691 |  |  | $ | 132,217 |
Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed income of subsidiary |  | (72,748) |  |  | (17,449) |  |  | (6,191) |
Net tax benefits from stock compensation |  | 9,899 |  |  | 7,811 |  |  | 118 |
Securities premium amortization, net |  | (54) |  |  | 5 |  |  | 6 |
Provision for credit losses for investment securities held-to-maturity |  | 326 |  |  | — |  |  | — |
Depreciation and amortization |  | — |  |  | — |  |  | 390 |
Decrease (increase) in other assets |  | (12,909) |  |  | 66,598 |  |  | (48,966) |
Increase (decrease) in other liabilities |  | 4,593 |  |  | (681) |  |  | 6,823 |
Net cash provided by operating activities |  | 70,037 |  |  | 232,975 |  |  | 84,397 |
Cash Flows From Investing Activities |  |  |  |  |  |
Purchases of available-for-sale investment securities |  | — |  |  | (40,000) |  |  | (10,000) |
Proceeds from maturities of available-for-sale securities |  | — |  |  | 13,031 |  |  | 613 |
Purchases of held-to-maturities investment securities |  | (3,976) |  |  | — |  |  | — |
Proceeds from maturities of held-to-maturities securities |  | 1,500 |  |  | — |  |  | — |
Net cash used in by investing activities |  | (2,476) |  |  | (26,969) |  |  | (9,387) |
Cash Flows From Financing Activities |  |  |  |  |  |
Repayment of long term debt |  | — |  |  | (148,407) |  |  | — |
Proceeds from exercise of stock options |  | 97 |  |  | — |  |  | 63 |
Proceeds from employee stock purchase plan |  | 748 |  |  | 496 |  |  | 760 |
Common stock repurchased |  | (33,087) |  |  | (682) |  |  | (61,432) |
Cash dividends paid |  | (55,776) |  |  | (44,691) |  |  | (28,330) |
Net cash used in financing activities |  | (88,018) |  |  | (193,284) |  |  | (88,939) |
Net (Decrease) Increase in Cash |  | (20,457) |  |  | 12,722 |  |  | (13,929) |
Cash and Cash Equivalents at Beginning of Year |  | 41,997 |  |  | 29,275 |  |  | 43,204 |
Cash and Cash Equivalents at End of Year |  | $ | 21,540 |  |  | $ | 41,997 |  |  | $ | 29,275 |
Non-Cash Investing Activities |  |  |  |  |  |
Transfers of investment securities from available-for-sale to held-to-maturity |  | $ | 42,467 |  |  | $ | — |  |  | $ | — |

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