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Parent Company Only Financial Information (Tables)
12 Months Ended
Dec. 31, 2017
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Parent Only Financial Statements

 

Condensed Balance Sheets

 

December 31,

 

 

 

2017

 

 

2016

 

Assets:

 

 

 

 

 

 

 

 

Investment in banks

 

$

1,617,238

 

 

$

1,566,186

 

Other assets

 

 

17,349

 

 

 

16,756

 

Total Assets

 

$

1,634,587

 

 

$

1,582,942

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders' Equity:

 

 

 

 

 

 

 

 

Accrued expense

 

$

1,030

 

 

$

878

 

Junior subordinated debt securities

 

 

61,856

 

 

 

61,856

 

Shareholders' equity

 

 

1,571,701

 

 

 

1,520,208

 

Total Liabilities and Shareholders' Equity

 

$

1,634,587

 

 

$

1,582,942

 

 

Condensed Statements of Income

 

Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Dividends received from banks

 

$

65,663

 

 

$

65,987

 

 

$

64,752

 

Earnings of subsidiaries over distributions

 

 

42,211

 

 

 

44,756

 

 

 

53,562

 

Other income

 

 

71

 

 

 

60

 

 

 

55

 

Total Revenue

 

 

107,945

 

 

 

110,803

 

 

 

118,369

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

Other expense

 

 

2,315

 

 

 

2,392

 

 

 

2,331

 

Total Expense

 

 

2,315

 

 

 

2,392

 

 

 

2,331

 

Net Income

 

$

105,630

 

 

$

108,411

 

 

$

116,038

 

 

Condensed Statements of Cash Flows

 

Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Operating Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

105,630

 

 

$

108,411

 

 

$

116,038

 

Adjustments to reconcile net income to net cash provided

   by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net change in investment in subsidiaries

 

 

(42,211

)

 

 

(44,756

)

 

 

(53,562

)

Other

 

 

(1,697

)

 

 

(739

)

 

 

(761

)

Net cash provided by operating activities

 

 

61,722

 

 

 

62,916

 

 

 

61,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Payment for investments in subsidiaries

 

 

(30,755

)

 

 

 

 

 

 

Repayment for investments in subsidiaries

 

 

32,000

 

 

 

 

 

 

 

Net cash provided by investing activities

 

 

1,245

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid on common stock

 

 

(62,795

)

 

 

(62,666

)

 

 

(62,605

)

Other common stock transactions, net

 

 

 

 

 

(857

)

 

 

(211

)

Net cash used in financing activities

 

 

(62,795

)

 

 

(63,523

)

 

 

(62,816

)

Net change in cash and cash equivalents

 

 

172

 

 

 

(607

)

 

 

(1,101

)

Cash and cash equivalents at beginning of year

 

 

16,713

 

 

 

17,320

 

 

 

18,421

 

Cash and cash equivalents at end of year

 

$

16,885

 

 

$

16,713

 

 

$

17,320