Note 22 - Parent Company Financial Information (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Notes Tables |
|
| Condensed Balance Sheet [Table Text Block] |
|
CONDENSED BALANCE SHEETS
|
|
|
(In Thousands)
|
|
| |
|
December 31, 2024
|
|
|
December 31, 2023
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
Cash and due from banks
|
|
$ |
22,584 |
|
|
$ |
20,014 |
|
|
Investment in subsidiary
|
|
|
1,675,847 |
|
|
|
1,501,777 |
|
|
Other assets
|
|
|
864 |
|
|
|
557 |
|
|
Total assets
|
|
$ |
1,699,295 |
|
|
$ |
1,522,348 |
|
| |
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Other borrowings
|
|
$ |
64,743 |
|
|
$ |
64,735 |
|
|
Other liabilities
|
|
|
18,280 |
|
|
|
17,708 |
|
|
Total liabilities
|
|
|
83,023 |
|
|
|
82,443 |
|
|
Stockholders' equity:
|
|
|
|
|
|
|
|
|
|
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2024 and December 31, 2023
|
|
|
- |
|
|
|
- |
|
|
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,569,427 shares
issued and outstanding at December 31, 2024; and 54,461,580 shares issued and
outstanding at December 31, 2023
|
|
|
|
|
|
|
|
|
|
at December 31, 2021
|
|
|
54 |
|
|
|
54 |
|
|
Additional paid-in capital
|
|
|
235,781 |
|
|
|
232,605 |
|
|
Retained earnings
|
|
|
1,412,616 |
|
|
|
1,254,841 |
|
|
Accumulated other comprehensive loss
|
|
|
(32,179 |
) |
|
|
(47,595 |
) |
|
Total stockholders' equity
|
|
|
1,616,272 |
|
|
|
1,439,905 |
|
|
Total liabilities and stockholders' equity
|
|
$ |
1,699,295 |
|
|
$ |
1,522,348 |
|
|
| Condensed Income Statement [Table Text Block] |
|
CONDENSED STATEMENTS OF INCOME
|
|
|
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, and 2022.
|
|
|
(In Thousands)
|
|
| |
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
Income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends received from subsidiary
|
|
$ |
71,887 |
|
|
$ |
62,500 |
|
|
$ |
57,500 |
|
|
Other income
|
|
|
92 |
|
|
|
44 |
|
|
|
- |
|
|
Total income
|
|
|
71,979 |
|
|
|
62,544 |
|
|
|
57,500 |
|
|
Expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other expenses
|
|
|
2,683 |
|
|
|
2,829 |
|
|
|
2,822 |
|
|
Total expenses
|
|
|
2,683 |
|
|
|
2,829 |
|
|
|
2,822 |
|
|
Equity in undistributed earnings of subsidiary
|
|
|
157,884 |
|
|
|
147,076 |
|
|
|
196,764 |
|
|
Net income
|
|
|
227,180 |
|
|
|
206,791 |
|
|
|
251,442 |
|
|
Dividends on preferred stock
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Net income available to common stockholders
|
|
$ |
227,180 |
|
|
$ |
206,791 |
|
|
$ |
251,442 |
|
|
| Condensed Cash Flow Statement [Table Text Block] |
|
STATEMENTS OF CASH FLOW
|
|
|
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, and 2022.
|
|
|
(In Thousands)
|
|
| |
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
Operating activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
227,180 |
|
|
$ |
206,791 |
|
|
$ |
251,442 |
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
(1,374 |
) |
|
|
2,227 |
|
|
|
(290 |
) |
|
Equity in undistributed earnings of subsidiary
|
|
|
(157,887 |
) |
|
|
(147,076 |
) |
|
|
(197,221 |
) |
|
Net cash provided by operating activities
|
|
|
67,919 |
|
|
|
61,942 |
|
|
|
53,931 |
|
|
Investing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
- |
|
|
|
(300 |
) |
|
|
750 |
|
|
Net cash used in investing activities
|
|
|
- |
|
|
|
(300 |
) |
|
|
750 |
|
|
Financing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of subordinated notes
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Redemption of subordinated notes
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Dividends paid on common stock
|
|
|
(65,412 |
) |
|
|
(60,923 |
) |
|
|
(49,942 |
) |
|
Net cash used in financing activities
|
|
|
(65,412 |
) |
|
|
(60,923 |
) |
|
|
(49,942 |
) |
|
Net change in cash and cash equivalents
|
|
|
2,570 |
|
|
|
722 |
|
|
|
4,739 |
|
|
Cash and cash equivalents at beginning of year
|
|
|
20,014 |
|
|
|
19,292 |
|
|
|
14,553 |
|
|
Cash and cash equivalents at end of year
|
|
$ |
22,521 |
|
|
$ |
20,014 |
|
|
$ |
19,292 |
|
|