Parent Holding Company Information (Condensed) (Tables)

12 Months Ended

Dec. 31, 2019


(Dollars in thousands)	December 31, 2019		December 31, 2018
Assets
Cash on hand and in banks	$	23,491	22,000
Interest bearing cash deposits	34,345		42,299
Cash and cash equivalents	57,836		64,299
Other assets	12,966		12,639
Investment in subsidiaries	2,063,011		1,612,115
Total assets	$	2,133,813	1,689,053
Liabilities and Stockholders’ Equity
Dividends payable	$	18,821	25,726
Subordinated debentures	139,914		134,051
Other liabilities	14,345		13,422
Total liabilities	173,080		173,199
Common stock	923		845
Paid-in capital	1,378,534		1,051,253
Retained earnings	541,050		473,183
Accumulated other comprehensive income (loss)	40,226		(9,427)
Total stockholders’ equity	1,960,733		1,515,854
Total liabilities and stockholders’ equity	$	2,133,813	1,689,053


	Years ended
(Dollars in thousands)	December 31, 2019		December 31, 2018	December 31, 2017
Income
Dividends from subsidiaries	$	142,000	153,574	119,000
Intercompany charges for services	20,661		16,523	14,299
Other income	513		1,284	228
Total income	163,174		171,381	133,527
Expenses
Compensation and employee benefits	25,806		20,873	17,864
Other operating expenses	15,118		12,201	10,425
Total expenses	40,924		33,074	28,289
Income before income tax benefit and equity in undistributed net income of subsidiaries	122,250		138,307	105,238
Income tax benefit	4,488		3,773	2,983
Income before equity in undistributed net income of subsidiaries	126,738		142,080	108,221
Equity in undistributed net income of subsidiaries	83,806		39,798	8,156
Net Income	$	210,544	181,878	116,377
Comprehensive Income	$	260,197	174,430	122,131


	Years ended
(Dollars in thousands)	December 31, 2019		December 31, 2018	December 31, 2017
Operating Activities
Net income	$	210,544	181,878	116,377
Adjustments to reconcile net income to net cash provided by operating activities:
Subsidiary income in excess of dividends distributed	(83,806)		(39,798)	(8,156)


Stock-based compensation, net of tax benefits	1,320		1,219	1,460
Net change in other assets and other liabilities	1,854		(3,209)	5,191
Net cash provided by operating activities	129,912		140,090	114,872
Investing Activities
Sales of available-for-sale debt securities	—		—	27


Net additions of premises and equipment	(114)		(300)	(79)
Proceeds from sale of marketable equity securities	89		—	114

Equity contributions to subsidiaries	(13,485)		(24,989)	(17,565)
Net cash used in investing activities	(13,510)		(25,289)	(17,503)
Financing Activities
Net decrease in other borrowed funds	—		(11,543)	—
Cash dividends paid	(124,468)		(85,493)	(111,720)
Tax withholding payments for stock-based compensation	(1,293)		(1,214)	(1,531)
Proceeds from stock option exercises	2,896		24	—
Net cash used in financing activities	(122,865)		(98,226)	(113,251)
Net (decrease) increase in cash, cash equivalents and restricted cash	(6,463)		16,575	(15,882)
Cash, cash equivalents and restricted cash at beginning of period	64,299		47,724	63,606
Cash, cash equivalents and restricted cash at end of period	$	57,836	64,299	47,724