XML 62 R48.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Parent Company Information (Tables)
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
CONDENSED BALANCE SHEETSAs of December 31,
($ in thousands)20212020
Assets
Cash on deposit with bank subsidiary
$18,625 15,284 
Investment in wholly-owned subsidiaries, at equity
1,279,285 938,294 
Premises and Equipment
7 7 
Other assets
5,056 (164)
Total assets
1,302,973 953,421 
Liabilities and shareholders’ equity
Trust preferred securities
65,412 54,200 
Other liabilities
6,986 5,800 
Total liabilities
72,398 60,000 
Shareholders’ equity1,230,575 893,421 
Total liabilities and shareholders’ equity
$1,302,973 953,421 
Condensed Statements of Income
CONDENSED STATEMENTS OF INCOMEYear Ended December 31,
($ in thousands)202120202019
Dividends from wholly-owned subsidiaries
$25,300 63,100 29,800 
Earnings of wholly-owned subsidiaries, net of dividends
75,697 20,899 65,555 
Interest expense
(1,455)(1,743)(2,648)
All other income and (expenses), net(3,898)(779)(661)
Net income
$95,644 81,477 92,046 
Condensed Statements of Cash Flows
CONDENSED STATEMENTS OF CASH FLOWSYear Ended December 31,
($ in thousands)202120202019
Operating Activities:
   
Net income
$95,644 81,477 92,046 
Equity in undistributed earnings of subsidiaries(75,697)(20,899)(65,555)
Decrease (increase) in other assets3,924 5,806 (5,850)
(Decrease) increase in other liabilities(859)(3)64 
Total – operating activities
23,012 66,381 20,705 
Investing Activities:
   
Net cash received in acquisitions7,379 — — 
Total - investing activities
7,379 — — 
Financing Activities:
Payment of common stock cash dividends
(22,228)(20,936)(13,662)
   Repurchases of common stock(4,036)(31,868)(10,000)
Proceeds from issuance of common stock
— — 129 
Stock withheld for payment of taxes
(786)(307)(702)
Total - financing activities
(27,050)(53,111)(24,235)
Net increase (decrease) in cash3,341 13,270 (3,530)
Cash, beginning of year
15,284 2,014 5,544 
Cash, end of year
$18,625 15,284 2,014