Condensed Financial Information - Parent Company (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets-December 31, 2015 and 2014

	2015			2014
ASSETS
Cash in subsidiary bank	$	12,311		$	9,441
Cash in unaffiliated banks		2			2
Interest-bearing deposits in subsidiary bank		78,160			60,642
Total cash and cash equivalents		90,473			70,085
Securities available-for-sale, at fair value		12,062			12,243
Investment in and advances to subsidiaries, at equity		713,909			606,415
Intangible assets		723			723
Other assets		3,693			2,787
Total assets	$	820,860		$	692,253
LIABILITIES AND SHAREHOLDERS’ EQUITY
Total liabilities	$	15,874		$	10,716
Shareholders’ equity:
Common stock		660			641
Capital surplus		368,925			305,429
Retained earnings		388,006			327,978
Treasury stock		(6,296	)		(5,878	)
Deferred compensation		6,296			5,878
Accumulated other comprehensive earnings		47,395			47,489
Total shareholders’ equity		804,986			681,537
Total liabilities and shareholders’ equity	$	820,860		$	692,253

Condensed Statements of Earnings

Condensed Statements of Earnings-

For the Years Ended December 31, 2015, 2014 and 2013

	2015		2014		2013
Income:
Cash dividends from subsidiaries	$	51,200	$	34,000	$	64,200
Excess of earnings over dividends of subsidiaries		52,911		58,539		17,192
Other		4,185		3,717		3,118
Total Income		108,296		96,256		84,510
Expenses:
Salaries and employee benefits		6,067		5,595		4,540
Other operating expenses		4,439		3,309		3,017
Total Expense		10,506		8,904		7,557
Earnings before income taxes		97,790		87,352		76,953
Income tax benefit		2,591		2,207		1,915
Net earnings	$	100,381	$	89,559	$	78,868

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows-

For the Years Ended December 31, 2015, 2014, and 2013

	2015			2014			2013
Cash flows from operating activities:
Net earnings	$	100,381		$	89,559		$	78,868
Adjustments to reconcile net earnings to net cash provided by operating activities:
Excess of earnings over dividends of subsidiary bank		(52,911	)		(58,539	)		(17,192	)
Depreciation and amortization, net		197			200			135
Decrease (increase) in other assets		507			(150	)		(3	)
Increase (decrease) in other liabilities		3,743			(314	)		890
Net cash provided by operating activities		51,917			30,756			62,698
Cash flows from investing activities:
Cash received (paid) in connection with acquisition of banks		13,125			—			(39,200	)
Net decrease in interest-bearing time deposits in unaffiliated banks		—			480			2,598
Maturities of available-for-sale securities		—			—			—
Purchases of bank premises and equipment		(107	)		(780	)		(224	)
Repayment from (of advances to) investment in and advances to subsidiaries, net		5,800			(3,300	)		700
Net cash used in (provided by) investing activities		18,818			(3,600	)		(36,126	)
Cash flows from financing activities:
Repayment of subordinated debt		(13,125	)		—			—
Proceeds of stock issuances		1,545			1,437			1,958
Cash dividends paid		(38,767	)		(34,578	)		(24,505	)
Net cash used in financing activities		(50,347	)		(33,141	)		(22,547	)
Net increase (decrease) in cash and cash equivalents		20,388			(5,985	)		4,025
Cash and cash equivalents, beginning of year		70,085			76,070			72,045
Cash and cash equivalents, end of year	$	90,473		$	70,085		$	76,070