CONDENSED FINANCIAL INFORMATION (parent company only)

Presented below is condensed financial information as to financial position, results of operations, and cash flows of the Corporation.

Condensed Balance Sheets



	December 31, 2018		December 31, 2017
Assets
Cash	$	87,435	$	31,527
Investment in subsidiaries	1,459,036		1,411,360
Investment securities			31
Premises and equipment	1,158		1,252
Interest receivable	6		5
Goodwill	448		448
Cash surrender value of life insurance	810		787
Other assets	5,240		3,480
Total assets	$	1,554,133	$	1,448,890
Liabilities
Subordinated debentures and term loans	$	138,463	$	138,241
Interest payable	994		968
Other liabilities	6,416		6,218
Total liabilities	145,873		145,427
Stockholders' equity	1,408,260		1,303,463
Total liabilities and stockholders' equity	$	1,554,133	$	1,448,890

Condensed Statements of Income and Comprehensive Income



	December 31, 2018			December 31, 2017			December 31, 2016
Income
Dividends from subsidiaries	$	100,954		$	33,014		$	33,546
Loss on sale of available for sale securities				(50		)
Other income	572			350			143
Total income	101,526			33,314			33,689
Expenses
Interest expense	8,233			7,572			7,185
Salaries and employee benefits	3,729			4,118			639
Net occupancy and equipment expenses	851			797			832
Other outside services	489			1,810			967
Professional services	270			442			279
Other expenses	442			(385		)	(470		)
Total expenses	14,014			14,354			9,432
Income before income tax benefit and equity in undistributed income of subsidiaries	87,512			18,960			24,257
Income tax benefit	3,298			5,946			3,243
Income before equity in undistributed income of subsidiaries	90,810			24,906			27,500
Equity in undistributed income of subsidiaries	68,329			71,164			53,551
Net income available to common stockholders	$	159,139		$	96,070		$	81,051

Net income	$	159,139		$	96,070		$	81,051
Other comprehensive income (loss)	(17,888		)	10,673			(12,219		)
Comprehensive income	$	141,251		$	106,743		$	68,832

Condensed Statement of Cash Flows



	December 31, 2018			December 31, 2017			December 31, 2016
Cash Flow From Operating Activities:
Net income	$	159,139		$	96,070		$	81,051
Adjustments to Reconcile Net Income to Net Cash:
Share-based compensation	1,256			1,215			1,166
Distributions in excess of (equity in undistributed) income of subsidiaries	(68,329		)	(71,164		)	(53,551		)
Loss on sale of available for sale securities				50
Net Change in:
Other assets	584			3,358			833
Other liabilities	274			(1,900		)	849
Investment in subsidiaries - operating activities	841			1,112			(1,938		)
Net cash provided by operating activities	93,765			28,741			28,410
Cash Flow From Investing Activities:
Purchase of securities available for sale							(19,804		)
Net cash received in acquisition				37
Other	2,189
Net cash provided (used) in investing activities	2,189			37			(19,804		)
Cash Flow From Financing Activities:
Cash dividends	(41,660		)	(31,820		)	(22,203		)
Stock issued under employee benefit plans	707			519			462
Stock issued under dividend reinvestment and stock purchase plan	1,211			991			835
Stock options exercised	1,598			2,398			2,602
Stock redeemed	(1,902		)	(1,283		)	(1,980		)
Net cash used by financing activities	(40,046		)	(29,195		)	(20,284		)
Cash, beginning of the year	31,527			31,944			43,622
Cash, end of year	$	87,435		$	31,527		$	31,944