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Parent Company Only Financial Information (Tables)
12 Months Ended
Dec. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Parent Only Financial Statements

 

Condensed Balance Sheets

 

December 31,

 

 

 

2016

 

 

2015

 

Assets:

 

 

 

 

 

 

 

 

Investment in banks

 

$

1,566,186

 

 

$

1,518,292

 

Other assets

 

 

16,756

 

 

 

17,339

 

Total Assets

 

$

1,582,942

 

 

$

1,535,631

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders' Equity:

 

 

 

 

 

 

 

 

Accrued expense

 

$

878

 

 

$

718

 

Junior subordinated debt securities

 

 

61,856

 

 

 

61,856

 

Shareholders' equity

 

 

1,520,208

 

 

 

1,473,057

 

Total Liabilities and Shareholders' Equity

 

$

1,582,942

 

 

$

1,535,631

 

 

Condensed Statements of Income

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Dividends received from banks

 

$

65,987

 

 

$

64,752

 

 

$

64,351

 

Earnings of subsidiaries over distributions

 

 

44,756

 

 

 

53,562

 

 

 

60,783

 

Other income

 

 

60

 

 

 

55

 

 

 

55

 

Total Revenue

 

 

110,803

 

 

 

118,369

 

 

 

125,189

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

Other expense

 

 

2,392

 

 

 

2,331

 

 

 

1,627

 

Total Expense

 

 

2,392

 

 

 

2,331

 

 

 

1,627

 

Net Income

 

$

108,411

 

 

$

116,038

 

 

$

123,562

 

 

Condensed Statements of Cash Flows

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Operating Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

108,411

 

 

$

116,038

 

 

$

123,562

 

Adjustments to reconcile net income to net cash provided

   by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Increase in investment in subsidiaries

 

 

(44,756

)

 

 

(53,562

)

 

 

(60,783

)

Other

 

 

(739

)

 

 

(761

)

 

 

(2,158

)

Net cash provided by operating activities

 

 

62,916

 

 

 

61,715

 

 

 

60,621

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid on common stock

 

 

(62,666

)

 

 

(62,605

)

 

 

(62,474

)

Other common stock transactions, net

 

 

(857

)

 

 

(211

)

 

 

(1,502

)

Net cash used in financing activities

 

 

(63,523

)

 

 

(62,816

)

 

 

(63,976

)

Decrease in cash and cash equivalents

 

 

(607

)

 

 

(1,101

)

 

 

(3,355

)

Cash and cash equivalents at beginning of year

 

 

17,320

 

 

 

18,421

 

 

 

21,776

 

Cash and cash equivalents at end of year

 

$

16,713

 

 

$

17,320

 

 

$

18,421