Condensed Financial Information - Parent Company (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets-December 31, 2021 and 2020

ASSETS	2021			2020
Cash in subsidiary bank (1)	$	83,547		$	67,904
Cash in unaffiliated banks (1)		2			2
Interest-bearing deposits in subsidiary bank (1)		68,814			68,760
Total cash and cash equivalents		152,363			136,666
Securities available-for-sale, at fair value		2,489			2,610
Investment in and advances to subsidiaries, at equity (1)		1,629,387			1,558,851
Intangible assets		723			723
Other assets		3,610			2,982
Total assets	$	1,788,572		$	1,701,832
LIABILITIES AND SHAREHOLDERS’ EQUITY
Total liabilities	$	29,348		$	23,642
Shareholders’ equity:
Common stock		1,425			1,422
Capital surplus		676,871			669,644
Retained earnings		981,675			836,729
Treasury stock		(10,090	)		(9,126	)
Deferred compensation		10,090			9,126
Accumulated other comprehensive earnings		99,253			170,395
Total shareholders’ equity		1,759,224			1,678,190
Total liabilities and shareholders’ equity	$	1,788,572		$	1,701,832

(1)Eliminates in consolidation.

Condensed Statements of Earnings

Condensed Statements of Earnings-

For the Years Ended December 31, 2021, 2020 and 2019

	2021		2020		2019
Income:
Cash dividends from subsidiaries (1)	$	96,500	$	87,500	$	84,500
Excess of earnings over dividends of subsidiaries (1)		140,441		122,997		86,956
Other		279		8,368		7,937
Total income		237,220		218,865		179,393
Expenses:
Salaries and employee benefits		7,374		13,795		11,963
Other operating expenses		5,262		5,599		4,756
Total expense		12,636		19,394		16,719
Earnings before income taxes		224,584		199,471		162,674
Income tax benefit		2,978		2,563		2,138
Net earnings	$	227,562	$	202,034	$	164,812

(1)Eliminates in consolidation.

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows-

For the Years Ended December 31, 2021, 2020 and 2019

	2021			2020			2019
Cash flows from operating activities:
Net earnings	$	227,562		$	202,034		$	164,812
Adjustments to reconcile net earnings to    net cash provided by operating activities:
Excess of earnings over dividends of subsidiaries		(140,441	)		(122,997	)		(86,956	)
Depreciation and amortization, net		189			198			246
Gain on sale of assets, net		—			(38	)		—
Decrease (increase) in other assets		(693	)		164			1,508
Increase (decrease) in other liabilities		2,997			2,083			990
Other		(4	)		35			—
Net cash provided by operating activities		89,610			81,479			80,600
Cash flows from investing activities:
Maturity of available-for-sale securities		—			3,720			—
Purchases of bank premises and equipment and software		(106	)		—			(24	)
Net cash provided by (used in) investing activities		(106	)		3,720			(24	)
Cash flows from financing activities:
Proceeds from stock option exercises		5,905			4,717			4,294
Cash dividends paid		(79,712	)		(70,318	)		(61,056	)
Repurchase of stock		—			(8,008	)		—
Net cash used in financing activities		(73,807	)		(73,609	)		(56,762	)
Net increase in cash and cash equivalents		15,697			11,590			23,814
Cash and cash equivalents, beginning of year		136,666			125,076			101,262
Cash and cash equivalents, end of year	$	152,363		$	136,666		$	125,076