Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Balance Sheets	December 31,
	2019		2018
Assets:
Investment in banks	$	1,707,644	$	1,637,338
Other assets		15,778		16,975
Total Assets	$	1,723,422	$	1,654,313

Liabilities and Shareholders' Equity:
Accrued expense	$	864	$	1,004
Junior subordinated debt securities		61,856		61,856
Shareholders' equity		1,660,702		1,591,453
Total Liabilities and Shareholders' Equity	$	1,723,422	$	1,654,313

Condensed Statements of Income	Years Ended December 31,
	2019		2018		2017
Revenue:
Dividends received from banks	$	120,297	$	128,592	$	65,663
Earnings of subsidiaries over distributions		32,971		23,791		42,211
Other income		90		86		71
Total Revenue		153,358		152,469		107,945
Expense:
Other expense		2,898		2,885		2,315
Total Expense		2,898		2,885		2,315
Net Income	$	150,460	$	149,584	$	105,630

Condensed Statements of Cash Flows	Years Ended December 31,
	2019			2018			2017
Operating Activities:
Net income	$	150,460		$	149,584		$	105,630
Adjustments to reconcile net income to net cash provided by operating activities:
Net change in investment in subsidiaries		(32,971	)		(23,791	)		(42,211	)
Other		(1,800	)		(1,395	)		(1,697	)
Net cash from operating activities		115,689			124,398			61,722

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:
Common stock dividends		(59,804	)		(62,425	)		(62,795	)
Repurchase and retirement of common stock		(56,615	)		(62,421	)		—
Net cash from financing activities		(116,419	)		(124,846	)		(62,795	)
Net change in cash and cash equivalents		(730	)		(448	)		172
Cash and cash equivalents at beginning of year		16,437			16,885			16,713
Cash and cash equivalents at end of year	$	15,707		$	16,437		$	16,885