PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Statements of Condition

Statement of Condition
			December 31,
(In thousands)			2018		2017
Assets
	Cash and cash equivalents		$	23,334	$	13,237
	Investments available-for-sale (at fair value)			10,118		9,644
	Investment in subsidiary			1,066,550		541,062
	Goodwill			1,292		-
	Other assets			4,463		304
Total assets			$	1,105,757	$	564,247
Liabilities
	Subordinated debentures		$	37,425	$	-
	Accrued expenses and other liabilities			429		431
		Total liabilities		37,854		431
Stockholders’ Equity
	Common stock			35,531		23,996
	Additional paid in capital			606,573		168,188
	Retained earnings			441,553		378,489
	Accumulated other comprehensive loss			(15,754)		(6,857)
		Total stockholders’ equity		1,067,903		563,816
Total liabilities and stockholders’ equity			$	1,105,757	$	564,247

Statements of Income/(Loss)

Statements of Income
			Year Ended December 31,
(In thousands)			2018		2017		2016
Income:
	Cash dividends from subsidiary		$	39,370	$	25,420	$	43,975
	Other income			897		1,832		2,476
		Total income		40,267		27,252		46,451
Expenses:
	Interest			1,922		12		944
	Other expenses			1,135		970		1,139
		Total expenses		3,057		982		2,083
Income before income taxes and equity in undistributed income of subsidiary				37,210		26,270		44,368
Income tax expense (benefit)				(283)		331		78
		Income before equity in undistributed income of subsidiary		37,493		25,939		44,290
Equity in undistributed income of subsidiary				63,371		27,270		3,960
	Net income		$	100,864	$	53,209	$	48,250

Statements of Cash Flows

Statements of Cash Flows
				Year Ended December 31,
(In thousands)				2018		2017		2016
Cash Flows from Operating Activities:
Net income				$	100,864	$	53,209	$	48,250
Adjustments to reconcile net income to net cash provided by operating activities:
		Equity in undistributed income-subsidiary			(63,371)		(27,270)		(3,960)
		Decrease in receivable from subsidiary bank			-		30,000		-
		Share based compensation expense			2,645		2,164		2,139
		Tax benefit from stock options exercised			8		-		125
		Other-net			(3,252)		(4,028)		3,213
			Net cash provided by operating activities		36,894		54,075		49,767
Cash Flows from Investing Activities:
	Proceeds (purchases) of investment available-for-sale				-		3,179		(7,000)
	Acquistion of business activity, net of cash paid				11,845		-		-
		Net cash provided/ (used) by investing activities			11,845		3,179		(7,000)
Cash Flows from Financing Activities:
	Retirement of subordinated debt				-		(30,000)		(5,000)
	Proceeds from issuance of common stock				1,395		1,200		1,580
	Stock tendered for payment of withholding taxes				(760)		(952)		(683)
	Repurchase of common stock				-		-		(13,273)
	Dividends paid				(39,277)		(25,134)		(23,676)
		Net cash used by financing activities			(38,642)		(54,886)		(41,052)
Net increase in cash and cash equivalents					10,097		2,368		1,715
Cash and cash equivalents at beginning of year					13,237		10,869		9,154
Cash and cash equivalents at end of year				$	23,334	$	13,237	$	10,869