Note 22 - Parent Company Financial Information (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Notes Tables |
|
| Condensed Balance Sheet [Table Text Block] |
| CONDENSED BALANCE SHEETS |
|
| (In Thousands) |
|
| |
|
December 31, 2020 |
|
|
December 31, 2019 |
|
| ASSETS |
|
|
|
|
|
|
|
|
| Cash and due from banks |
|
$ |
14,685 |
|
|
$ |
10,071 |
|
| Investment in subsidiary |
|
|
1,052,083 |
|
|
|
904,958 |
|
| Other assets |
|
|
1,119 |
|
|
|
1,238 |
|
| Total assets |
|
$ |
1,067,887 |
|
|
$ |
916,267 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Other borrowings |
|
$ |
64,748 |
|
|
$ |
64,703 |
|
| Other liabilities |
|
|
10,787 |
|
|
|
9,384 |
|
| Total liabilities |
|
|
75,535 |
|
|
|
74,087 |
|
| Stockholders' equity: |
|
|
|
|
|
|
|
|
| Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2020 and December 31, 2019 |
|
|
- |
|
|
|
- |
|
| Common stock, par value $0.001 per share; 100,000,000 shares authorized; 53,943,751 shares issued and outstanding at December 31, 2020 and 53,623,740 shares issued and outstanding at December 31, 2019 |
|
|
54 |
|
|
|
54 |
|
| Additional paid-in capital |
|
|
223,856 |
|
|
|
219,766 |
|
| Retained earnings |
|
|
748,224 |
|
|
|
616,611 |
|
| Accumulated other comprehensive income |
|
|
20,218 |
|
|
|
5,749 |
|
| Total stockholders' equity |
|
|
992,352 |
|
|
|
842,180 |
|
| Total liabilities and stockholders' equity |
|
$ |
1,067,887 |
|
|
$ |
916,267 |
|
|
| Condensed Income Statement [Table Text Block] |
| CONDENSED STATEMENTS OF INCOME |
|
| FOR THE YEARS ENDED DECEMBER 31, 2020, 2019 and 2018 |
|
| (In Thousands) |
|
| |
|
2020 |
|
|
2019 |
|
|
2018 |
|
| Income: |
|
|
|
|
|
|
|
|
|
|
|
|
| Dividends received from subsidiary |
|
$ |
45,000 |
|
|
$ |
37,000 |
|
|
$ |
23,000 |
|
| Other income |
|
|
- |
|
|
|
- |
|
|
|
176 |
|
| Total income |
|
|
45,000 |
|
|
|
37,000 |
|
|
|
23,176 |
|
| Expense: |
|
|
|
|
|
|
|
|
|
|
|
|
| Other expenses |
|
|
2,936 |
|
|
|
2,930 |
|
|
|
2,933 |
|
| Total expenses |
|
|
2,936 |
|
|
|
2,930 |
|
|
|
2,933 |
|
| Equity in undistributed earnings of subsidiary |
|
|
127,442 |
|
|
|
115,110 |
|
|
|
116,634 |
|
| Net income |
|
|
169,506 |
|
|
|
149,180 |
|
|
|
136,877 |
|
| Dividends on preferred stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net income available to common stockholders |
|
$ |
169,506 |
|
|
$ |
149,180 |
|
|
$ |
136,877 |
|
|
| Condensed Cash Flow Statement [Table Text Block] |
| STATEMENTS OF CASH FLOW |
|
| FOR THE YEARS ENDED DECEMBER 31, 2020, 2019 AND 2018 |
|
| (In Thousands) |
|
| |
|
2020 |
|
|
2019 |
|
|
2018 |
|
| Operating activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
169,506 |
|
|
$ |
149,180 |
|
|
$ |
136,877 |
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Other |
|
|
204 |
|
|
|
38 |
|
|
|
(1,181 |
) |
| Equity in undistributed earnings of subsidiary |
|
|
(127,442 |
) |
|
|
(115,110 |
) |
|
|
(116,634 |
) |
| Net cash provided by operating activities |
|
|
42,268 |
|
|
|
34,108 |
|
|
|
19,062 |
|
| Investing activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Other |
|
|
- |
|
|
|
(1,000 |
) |
|
|
275 |
|
| Net cash used in investing activities |
|
|
- |
|
|
|
(1,000 |
) |
|
|
275 |
|
| Financing activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of subordinated notes |
|
|
34,710 |
|
|
|
- |
|
|
|
- |
|
| Redemption of subordinated notes |
|
|
(34,750 |
) |
|
|
- |
|
|
|
- |
|
| Dividends paid on common stock |
|
|
(37,614 |
) |
|
|
(32,071 |
) |
|
|
(20,194 |
) |
| Net cash used in financing activities |
|
|
(37,654 |
) |
|
|
(32,071 |
) |
|
|
(20,194 |
) |
| Increase (decrease) in cash and cash equivalents |
|
|
4,614 |
|
|
|
1,037 |
|
|
|
(857 |
) |
| Cash and cash equivalents at beginning of year |
|
|
10,071 |
|
|
|
9,034 |
|
|
|
9,891 |
|
| Cash and cash equivalents at end of year |
|
$ |
14,685 |
|
|
$ |
10,071 |
|
|
$ |
9,034 |
|
|