Condensed Financial Information - Parent Company (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets-December 31, 2018 and 2017

	2018			2017
ASSETS
Cash in subsidiary bank	$	16,981		$	14,272
Cash in unaffiliated banks		2			2
Interest-bearing deposits in subsidiary bank		84,279			64,195
Total cash and cash equivalents		101,262			78,469
Securities available-for-sale, at fair value		6,276			8,515
Investment in and advances to subsidiaries, at equity		959,352			847,445
Intangible assets		723			723
Other assets		2,647			2,654
Total assets	$	1,070,260		$	937,806
LIABILITIES AND SHAREHOLDERS’ EQUITY
Total liabilities	$	16,965		$	15,038
Shareholders’ equity:
Common stock		678			663
Capital surplus		443,114			378,062
Retained earnings		606,658			517,257
Treasury stock		(7,507	)		(7,148	)
Deferred compensation		7,507			7,148
Accumulated other comprehensive earnings		2,845			26,786
Total shareholders’ equity		1,053,295			922,768
Total liabilities and shareholders’ equity	$	1,070,260		$	937,806

Condensed Statements of Earnings

Condensed Statements of Earnings-

For the Years Ended December 31, 2018, 2017 and 2016

	2018		2017		2016
Income:
Cash dividends from subsidiaries	$	74,100	$	30,800	$	48,800
Excess of earnings over dividends of subsidiaries		82,323		92,929		58,809
Other		7,269		6,590		4,184
Total income		163,692		130,319		111,793
Expenses:
Salaries and employee benefits		9,966		8,606		5,655
Other operating expenses		4,781		3,871		3,531
Total expense		14,747		12,477		9,186
Earnings before income taxes		148,945		117,842		102,607
Income tax benefit		1,693		2,529		2,167
Net earnings	$	150,638	$	120,371	$	104,774

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows-

For the Years Ended December 31, 2018, 2017 and 2016

	2018			2017			2016
Cash flows from operating activities:
Net earnings	$	150,638		$	120,371		$	104,774
Adjustments to reconcile net earnings to net cash provided by operating activities:
Excess of earnings over dividends of subsidiary bank		(82,323	)		(92,929	)		(58,809	)
Depreciation and amortization, net		331			207			208
Decrease (increase) in other assets		560			438			1,702
Increase (decrease) in other liabilities		1,932			183			(1,374	)
Other		(2	)		2			8
Net cash provided by operating activities		71,136			28,272			46,509
Cash flows from investing activities:
Cash received in connection with acquisition of banks		—			—			—
Maturity of available-for-sale security		2,000			2,997			—
Purchases of bank premises and equipment and software		(346	)		(30	)		(94	)
Other		—			—			10
Net cash provided by (used in) investing activities		1,654			2,967			(84	)
Cash flows from financing activities:
Proceeds of stock issuances		3,864			2,934			1,260
Cash dividends paid		(53,861	)		(48,955	)		(44,907	)
Net cash used in financing activities		(49,997	)		(46,021	)		(43,647	)
Net increase (decrease) in cash and cash equivalents		22,793			(14,782	)		2,778
Cash and cash equivalents, beginning of year		78,469			93,251			90,473
Cash and cash equivalents, end of year	$	101,262		$	78,469		$	93,251