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Parent Company Only Financial Information (Tables)
12 Months Ended
Dec. 31, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Parent Only Financial Statements

 

Condensed Balance Sheets

 

December 31,

 

 

 

2018

 

 

2017

 

Assets:

 

 

 

 

 

 

 

 

Investment in banks

 

$

1,637,338

 

 

$

1,617,238

 

Other assets

 

 

16,975

 

 

 

17,349

 

Total Assets

 

$

1,654,313

 

 

$

1,634,587

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders' Equity:

 

 

 

 

 

 

 

 

Accrued expense

 

$

1,004

 

 

$

1,030

 

Junior subordinated debt securities

 

 

61,856

 

 

 

61,856

 

Shareholders' equity

 

 

1,591,453

 

 

 

1,571,701

 

Total Liabilities and Shareholders' Equity

 

$

1,654,313

 

 

$

1,634,587

 

 

Condensed Statements of Income

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Dividends received from banks

 

$

128,592

 

 

$

65,663

 

 

$

65,987

 

Earnings of subsidiaries over distributions

 

 

23,791

 

 

 

42,211

 

 

 

44,756

 

Other income

 

 

86

 

 

 

71

 

 

 

60

 

Total Revenue

 

 

152,469

 

 

 

107,945

 

 

 

110,803

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

Other expense

 

 

2,885

 

 

 

2,315

 

 

 

2,392

 

Total Expense

 

 

2,885

 

 

 

2,315

 

 

 

2,392

 

Net Income

 

$

149,584

 

 

$

105,630

 

 

$

108,411

 

 

Condensed Statements of Cash Flows

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Operating Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

149,584

 

 

$

105,630

 

 

$

108,411

 

Adjustments to reconcile net income to net cash provided

   by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net change in investment in subsidiaries

 

 

(23,791

)

 

 

(42,211

)

 

 

(44,756

)

Other

 

 

(1,395

)

 

 

(1,697

)

 

 

(739

)

Net cash from operating activities

 

 

124,398

 

 

 

61,722

 

 

 

62,916

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Payment for investments in subsidiaries

 

 

 

 

 

(30,755

)

 

 

 

Repayment for investments in subsidiaries

 

 

 

 

 

32,000

 

 

 

 

Net cash from investing activities

 

 

 

 

 

1,245

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid on common stock

 

 

(62,425

)

 

 

(62,795

)

 

 

(62,666

)

Other common stock transactions, net

 

 

(62,421

)

 

 

 

 

 

(857

)

Net cash from financing activities

 

 

(124,846

)

 

 

(62,795

)

 

 

(63,523

)

Net change in cash and cash equivalents

 

 

(448

)

 

 

172

 

 

 

(607

)

Cash and cash equivalents at beginning of year

 

 

16,885

 

 

 

16,713

 

 

 

17,320

 

Cash and cash equivalents at end of year

 

$

16,437

 

 

$

16,885

 

 

$

16,713