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Condensed Financial Information - Parent Company Only
12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information - Parent Company Only Condensed Financial Information - Parent Company Only
Condensed Balance Sheets
 December 31,
(in thousands)20232022
Assets
Cash and due from banks$47,664 $47,362 
Investment in subsidiaries1,303,062 1,244,037 
Other assets15,431 13,422 
Total Assets$1,366,157 $1,304,821 
Liabilities and Stockholders’ Equity
Other liabilities$2,083 $1,970 
Subordinated debentures194,705 194,264 
Total stockholders’ equity1,169,369 1,108,587 
Total Liabilities and Stockholders’ Equity$1,366,157 $1,304,821 
Condensed Statements of Income
 Years Ended December 31,
(in thousands)202320222021
Income
Dividends from subsidiaries$48,299 $52,988 $50,648 
Other income (loss)142 79 34 
Total Income48,441 53,067 50,682 
Expense
Interest on subordinated debentures8,528 6,825 5,419 
Noninterest expenses565 542 1,498 
Total Expense9,093 7,367 6,917 
Income before benefit for income taxes39,348 45,700 43,765 
Income taxes benefit(2,030)(1,530)(1,445)
Income before equity in undistributed income of subsidiaries41,378 47,230 45,210 
Equity in undistributed income of subsidiaries43,362 60,139 49,831 
Net Income Available to Common Shareholders$84,740 $107,369 $95,041 
Condensed Statements of Cash Flows
 Years Ended December 31,
(in thousands)202320222021
Cash Flows from Operating Activities
Net income$84,740 $107,369 $95,041 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of subordinated debt costs441 487 547 
Long-term debt extinguishment costs— — 831 
Excess tax benefits (deficiency)130 69 (89)
Increase in other assets(2,139)(1,571)(1,443)
Increase in other liabilities113 142 149 
Equity in undistributed income of subsidiaries(43,362)(60,139)(49,831)
Net cash provided by operating activities39,923 46,357 45,205 
Cash Flows from Investing Activities
Net cash used in acquisition— 67 — 
Contribution to subsidiary— — (65,000)
Net cash provided by (used in) investing activities— 67 (65,000)
Cash Flows from Financing Activities
Cash dividends paid on common stock(38,071)(37,334)(27,119)
Proceeds from issuance of subordinated debt, net— — 147,738 
Redemption of subordinated debentures, net— — (88,330)
Retirement of restricted stock(1,550)(1,956)(651)
Exercise of stock options— — 19 
Net cash (used in) provided by financing activities(39,621)(39,290)31,657 
Net increase (decrease) in cash and cash equivalents302 7,134 11,862 
Cash and cash equivalents, beginning of year47,362 40,228 28,366 
Cash and cash equivalents, end of year$47,664 $47,362 $40,228