PARENT COMPANY FINANCIAL INFORMATION - INCOME STATEMENT (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Income | |||
Other | $ 1,185 | $ 503 | $ 530 |
Total interest income | 359,741 | 252,981 | 215,987 |
Expense | |||
Interest expense | 144,714 | 40,640 | 26,430 |
Income tax benefit | (14,437) | (14,611) | (17,426) |
Net income | 86,692 | 105,020 | 113,401 |
Parent | |||
Income | |||
Dividends from subsidiary | 85,000 | 85,000 | 100,000 |
Interest income | 135 | 72 | 42 |
Other | 587 | 0 | 0 |
Total interest income | 85,722 | 85,072 | 100,042 |
Expense | |||
Interest expense | 8,424 | 6,412 | 9,636 |
Other | 3,319 | 3,148 | 4,162 |
Total expense | 11,743 | 9,560 | 13,798 |
Income before income tax expense | 73,979 | 75,512 | 86,244 |
Income tax benefit | 2,314 | 1,992 | 2,889 |
Income before equity in undistributed earnings of subsidiaries | 76,293 | 77,504 | 89,133 |
Equity in undistributed earnings of subsidiaries | 10,399 | 27,516 | 24,268 |
Net income | $ 86,692 | $ 105,020 | $ 113,401 |
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- Definition Equity in Undistributed Earnings of Subsidiaries No definition available.
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- Definition Income from Subsidiary No definition available.
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- Definition Income (Loss) from Continuing Operations before Equity Method Investments No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after discount, accretion and premium amortization, of interest income and dividend income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Details
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