Parent Holding Company Information (Condensed)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Holding Company Information (Condensed)

Parent Holding Company Information (Condensed)

The following condensed financial information was the unconsolidated information for the parent holding company:

Condensed Statements of Financial Condition

(Dollars in thousands)	December 31, 2016			December 31, 2015
Assets
Cash on hand and in banks	$	5,906		1,854
Interest bearing cash deposits	57,700			46,808
Cash and cash equivalents	63,606			48,662
Investment securities, available-for-sale	36			65
Other assets	10,764			11,553
Investment in subsidiaries	1,201,667			1,175,844
Total assets	$	1,276,073		1,236,124
Liabilities and Stockholders’ Equity
Dividends payable	$	23,137		22,893
Subordinated debentures	125,991			125,848
Other liabilities	10,076			10,733
Total liabilities	159,204			159,474
Common stock	765			761
Paid-in capital	749,107			736,368
Retained earnings	374,379			337,532
Accumulated other comprehensive (loss) income	(7,382		)	1,989
Total stockholders’ equity	1,116,869			1,076,650
Total liabilities and stockholders’ equity	$	1,276,073		1,236,124

Condensed Statements of Operations and Comprehensive Income

	Years ended
(Dollars in thousands)	December 31, 2016		December 31, 2015	December 31, 2014
Income
Dividends from subsidiaries	$	108,350	109,000	78,500
Intercompany charges for services	12,248		10,562	9,283
Other income	311		196	199
Total income	120,909		119,758	87,982
Expenses
Compensation and employee benefits	15,665		13,205	10,773
Other operating expenses	7,701		7,313	6,824
Total expenses	23,366		20,518	17,597
Income before income tax benefit and equity in undistributed net income of subsidiaries	97,543		99,240	70,385
Income tax benefit	4,040		3,105	2,919
Income before equity in undistributed net income of subsidiaries	101,583		102,345	73,304
Equity in undistributed net income of subsidiaries	19,548		13,782	39,451
Net Income	$	121,131	116,127	112,755
Comprehensive Income	$	111,760	100,372	120,854

Note 18. Parent Holding Company Information (Condensed) (continued)

Condensed Statements of Cash Flows

	Years ended
(Dollars in thousands)	December 31, 2016			December 31, 2015		December 31, 2014
Operating Activities
Net income	$	121,131		116,127		112,755
Adjustments to reconcile net income to net cash provided by operating activities:
Subsidiary income in excess of dividends distributed	(19,548		)	(13,782	)	(39,451	)
Excess tax benefits from stock-based compensation	(8		)	(102	)	(138	)
Net change in other assets and other liabilities	507			307		140
Net cash provided by operating activities	102,082			102,550		73,306
Investing Activities
Net decrease (increase) of premises and equipment	771			(1,405	)	(179	)
Net sale (purchase) of non-marketable equity securities	55			22		(667	)
Equity contributions to subsidiaries	(3,475		)	(28,457	)	(18,115	)
Net cash used in by investing activities	(2,649		)	(29,840	)	(18,961	)
Financing Activities
Net increase in other borrowed funds	143			143		143
Cash dividends paid	(84,040		)	(79,456	)	(50,944	)
Excess tax benefits from stock-based compensation	8			102		138
Stock-based compensation activity	(600		)	17		785
Net cash used in financing activities	(84,489		)	(79,194	)	(49,878	)
Net increase (decrease) in cash and cash equivalents	14,944			(6,484	)	4,467
Cash and cash equivalents at beginning of year	48,662			55,146		50,679
Cash and cash equivalents at end of year	$	63,606		48,662		55,146