Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) DECEMBER 31, 2017 and 2016 (In thousands) | | 2017 | | 2016 | | | | | | ASSETS | | | | | | | | | Cash and cash equivalents | | $ | 19,101 | | | $ | 93,266 | | Investment securities | | | 2,789 | | | | 79 | | Investments in wholly-owned subsidiaries | | | 2,288,687 | | | | 1,141,294 | | Loans | | | 993 | | | | 1,083 | | Intangible assets, net | | | 133 | | | | 133 | | Premises and equipment | | | 10,369 | | | | 11,534 | | Other assets | | | 31,181 | | | | 27,955 | | TOTAL ASSETS | | $ | 2,353,253 | | | $ | 1,275,344 | | | | | | | | | | | LIABILITIES | | | | | | | | | Short-term debt | | $ | 75,000 | | | $ | -- | | Long-term debt | | | 183,947 | | | | 108,326 | | Other liabilities | | | 9,742 | | | | 15,907 | | Total liabilities | | | 268,689 | | | | 124,233 | | | | | | | | | | | STOCKHOLDERS’ EQUITY | | | | | | | | | Common stock | | | 920 | | | | 626 | | Surplus | | | 1,586,034 | | | | 711,663 | | Undivided profits | | | 514,874 | | | | 454,034 | | Accumulated other comprehensive loss | | | | | | | | | Unrealized depreciation on available-for-sale securities, net of income taxes of ($6,108) and ($9,818) at December 31, 2017 and 2016 respectively | | | (17,264 | ) | | | (15,212 | ) | Total stockholders’ equity | | | 2,084,564 | | | | 1,151,111 | | TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | | $ | 2,353,253 | | | $ | 1,275,344 | | CONDENSED STATEMENTS OF INCOME YEARS ENDED DECEMBER 31, 2017, 2016 and 2015 (In thousands) | | 2017 | | 2016 | | 2015 | | | | | | | | INCOME | | | | | | | | | | | | | Dividends from subsidiaries | | $ | 69,107 | | | $ | 83,710 | | | $ | 84,128 | | Other income | | | 4,111 | | | | 2,465 | | | | 2,303 | | Income | | | 73,218 | | | | 86,175 | | | | 86,431 | | EXPENSE | | | 32,234 | | | | 21,990 | | | | 24,594 | | Income before income taxes and equity in undistributed net income of subsidiaries | | | 40,984 | | | | 64,185 | | | | 61,837 | | Provision for income taxes | | | (12,311 | ) | | | (7,557 | ) | | | (8,251 | ) | | | | | | | | | | | | | | Income before equity in undistributed net income of subsidiaries | | | 53,295 | | | | 71,742 | | | | 70,088 | | Equity in undistributed net income of subsidiaries | | | 39,645 | | | | 25,072 | | | | 4,276 | | | | | | | | | | | | | | | NET INCOME | | | 92,940 | | | | 96,814 | | | | 74,364 | | Preferred stock dividends | | | -- | | | | 24 | | | | 257 | | | | | | | | | | | | | | | NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | | $ | 92,940 | | | $ | 96,790 | | | $ | 74,107 | | CONDENSED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2017, 2016 and 2015 (In thousands) | | 2017 | | 2016 | | 2015 | | | | | | | | NET INCOME | | $ | 92,940 | | | $ | 96,814 | | | $ | 74,364 | | | | | | | | | | | | | | | OTHER COMPREHENSIVE INCOME | | | | | | | | | | | | | Equity in other comprehensive income (loss) income of subsidiaries | | | 964 | | | | (12,547 | ) | | | (1,329 | ) | | | | | | | | | | | | | | COMPREHENSIVE INCOME | | $ | 93,904 | | | $ | 84,267 | | | $ | 73,035 | | CONDENSED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2017, 2016 and 2015 (In thousands) | | 2017 | | 2016 | | 2015 | | | | | | | | CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 92,940 | | | $ | 96,814 | | | $ | 74,364 | | Items not requiring (providing) cash | | | | | | | | | | | | | Stock-based compensation expense | | | 10,681 | | | | 3,418 | | | | 4,018 | | Depreciation and amortization | | | 1,183 | | | | 700 | | | | 317 | | Deferred income taxes | | | 1,190 | | | | (2,526 | ) | | | 1,287 | | Equity in undistributed net income of bank subsidiaries | | | (39,645 | ) | | | (25,072 | ) | | | (4,276 | ) | | | | | | | | | | | | | | Changes in | | | | | | | | | | | | | Other assets | | | 8,585 | | | | 2,816 | | | | (15,232 | ) | Other liabilities | | | (6,769 | ) | | | (1,358 | ) | | | 13,121 | | Net cash provided by operating activities | | | 68,165 | | | | 74,792 | | | | 73,599 | | | | | | | | | | | | | | | CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | | | | | | | | | | | | | | | | | | | | | Net originations of loans | | | 90 | | | | (1,710 | ) | | | -- | | Net purchases of premises and equipment | | | (18 | ) | | | (6,896 | ) | | | 56 | | Additional investment in subsidiary | | | (15,000 | ) | | | -- | | | | -- | | Proceeds from maturities of available-for-sale securities | | | 42 | | | | 1,973 | | | | -- | | Purchases of available-for-sale securities | | | (2,752 | ) | | | (3 | ) | | | (354 | ) | Cash received (paid) in business combinations | | | (100,468 | ) | | | (35,048 | ) | | | 44,173 | | Net cash (used in) provided by investing activities | | | (118,106 | ) | | | (41,684 | ) | | | 43,875 | | | | | | | | | | | | | | | CASH FLOWS FROM FINANCING ACTIVITIES | | | | | | | | | | | | | | | | | | | | | | | | | | Issuance (repayment) of long-term debt, net | | | 8,014 | | | | (4,544 | ) | | | 8,126 | | Issuance of common stock, net | | | 2,878 | | | | 4,938 | | | | 3,529 | | Dividends paid on preferred stock | | | -- | | | | (24 | ) | | | (257 | ) | Dividends paid on common stock | | | (35,116 | ) | | | (28,743 | ) | | | (27,026 | ) | Redemption of preferred stock | | | -- | | | | (30,852 | ) | | | -- | | Net cash used in financing activities | | | (24,224 | ) | | | (59,225 | ) | | | (15,628 | ) | | | | | | | | | | | | | | (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | | | (74,165 | ) | | | (26,117 | ) | | | 101,846 | | | | | | | | | | | | | | | CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | | | 93,266 | | | | 119,383 | | | | 17,537 | | | | | | | | | | | | | | | CASH AND CASH EQUIVALENTS, END OF YEAR | | $ | 19,101 | | | $ | 93,266 | | | $ | 119,383 | |
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