Condensed Financial Information-Parent Only (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information-Parent Only [Abstract]

Schedule Of Condensed Balance Sheet

	December 31,
	2023		2022
		(in thousands)
Assets
Cash and due from banks	$	8,895	$	18,712
Investment in subsidiaries		893,328		776,199
Other assets		16,550		13,016
Total assets	$	918,773	$	807,927
Liabilities and stockholders' equity
Other liabilities	$	2,232	$	1,445
Senior debt		95,859		99,050
Subordinated debentures		13,401		13,401
Shareholders' equity		807,281		694,031
Total liabilities and stockholders' equity	$	918,773	$	807,927

Schedule Of Condensed Statements Of Operations

	For the year ended December 31,
	2023		2022		2021
		(in thousands)
Income
Other income	$	329	$	10	$	—
Total income		329		10		—
Expense
Interest on subordinated debentures		1,121		657		449
Interest on senior debt		5,027		5,118		5,118
Non-interest expense		12,589		8,520		9,266
Total expense		18,737		14,295		14,833
Income tax benefit		(3,864)		(2,999)		(3,114)
Equity in undistributed income of subsidiaries		206,840		141,499		122,372
Net income available to common shareholders	$	192,296	$	130,213	$	110,653

Schedule Of Condensed Cash Flow Statement

	Year ended December 31,
	2023		2022		2021
		(in thousands)
Operating activities
Net income	$	192,296	$	130,213	$	110,653
Net amortization of investment securities discounts/premiums		82		368		368
Increase in other assets		(3,534)		(1,692)		(3,164)
(Decrease) increase in other liabilities		(45)		27		(423)
Stock based compensation expense		11,392		7,592		8,626
Equity in undistributed income		(206,840)		(141,499)		(122,372)
Net cash used in operating activities		(6,649)		(4,991)		(6,312)
Investing activities
Contribution from subsidiary		100,000		15,000		—
Net cash provided by investing activities		100,000		15,000		—
Financing activities
Proceeds from the exercise of common stock options		104		320		3,428
Redemptions of senior debt offering		(3,273)		—		—
Repurchases of common stock		(99,999)		(60,000)		(40,000)
Net cash used in financing activities		(103,168)		(59,680)		(36,572)
Net decrease in cash and cash equivalents		(9,817)		(49,671)		(42,884)
Cash and cash equivalents, beginning of year		18,712		68,383		111,267
Cash and cash equivalents, end of year	$	8,895	$	18,712	$	68,383