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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Parent Company Financial Information | Parent Company Financial Information Condensed financial information for Eagle Bancorp, Inc. (Parent Company only) is as follows:
(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 |
|  | 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 |
|  | 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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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