Note 21 - Parent Company Financial Information (Tables)
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12 Months Ended |
Dec. 31, 2025 |
|---|
| Notes Tables |
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| Condensed Balance Sheet [Table Text Block] |
|
CONDENSED BALANCE SHEETS
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(In Thousands)
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| |
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December 31, 2025
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|
|
December 31, 2024
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|
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ASSETS
|
|
|
|
|
|
|
|
|
|
Cash and due from banks
|
|
$ |
26,205 |
|
|
$ |
22,584 |
|
|
Investment in subsidiary
|
|
|
1,878,159 |
|
|
|
1,675,847 |
|
|
Other assets
|
|
|
1,268 |
|
|
|
864 |
|
|
Total assets
|
|
$ |
1,905,632 |
|
|
$ |
1,699,295 |
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| |
|
|
|
|
|
|
|
|
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Liabilities:
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|
|
|
|
|
|
|
|
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Other borrowings
|
|
$ |
34,750 |
|
|
$ |
64,743 |
|
|
Other liabilities
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|
|
21,035 |
|
|
|
18,280 |
|
|
Total liabilities
|
|
|
55,785 |
|
|
|
83,023 |
|
|
Stockholders' equity:
|
|
|
|
|
|
|
|
|
|
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2025 and December 31, 2024
|
|
|
- |
|
|
|
- |
|
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Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,624,955 shares issued and outstanding at December 31, 2025; and 54,569,427 shares issued and outstanding at December 31, 2024 at December 31, 2021
|
|
|
54 |
|
|
|
54 |
|
|
Additional paid-in capital
|
|
|
237,839 |
|
|
|
235,781 |
|
|
Retained earnings
|
|
|
1,613,746 |
|
|
|
1,412,616 |
|
|
Accumulated other comprehensive loss
|
|
|
(1,792 |
) |
|
|
(32,179 |
) |
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Total stockholders' equity
|
|
|
1,849,847 |
|
|
|
1,616,272 |
|
|
Total liabilities and stockholders' equity
|
|
$ |
1,905,632 |
|
|
$ |
1,699,295 |
|
|
| Condensed Income Statement [Table Text Block] |
|
CONDENSED STATEMENTS OF INCOME
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|
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FOR THE YEARS ENDED DECEMBER 31, 2025, 2024, and 2023.
|
|
|
(In Thousands)
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|
| |
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
Income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends received from subsidiary
|
|
$ |
109,500 |
|
|
$ |
71,887 |
|
|
$ |
62,500 |
|
|
Other income
|
|
|
65 |
|
|
|
92 |
|
|
|
44 |
|
|
Total income
|
|
|
109,565 |
|
|
|
71,979 |
|
|
|
62,544 |
|
|
Expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
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Other expenses
|
|
|
2,947 |
|
|
|
2,683 |
|
|
|
2,829 |
|
|
Total expenses
|
|
|
2,947 |
|
|
|
2,683 |
|
|
|
2,829 |
|
|
Equity in undistributed earnings of subsidiary
|
|
|
169,923 |
|
|
|
157,884 |
|
|
|
147,076 |
|
|
Net income
|
|
|
276,541 |
|
|
|
227,180 |
|
|
|
206,791 |
|
|
Dividends on preferred stock
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Net income available to common stockholders
|
|
$ |
276,541 |
|
|
$ |
227,180 |
|
|
$ |
206,791 |
|
|
| Condensed Cash Flow Statement [Table Text Block] |
|
STATEMENTS OF CASH FLOW
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|
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FOR THE YEARS ENDED DECEMBER 31, 2025, 2024, and 2023.
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|
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(In Thousands)
|
|
| |
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
Operating activities
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net income
|
|
$ |
276,541 |
|
|
$ |
227,180 |
|
|
$ |
206,791 |
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
168 |
|
|
|
(1,311 |
) |
|
|
2,230 |
|
|
Equity in undistributed earnings of subsidiary
|
|
|
(169,923 |
) |
|
|
(157,887 |
) |
|
|
(147,076 |
) |
|
Net cash provided by operating activities
|
|
|
106,786 |
|
|
|
67,982 |
|
|
|
61,945 |
|
|
Investing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
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Other
|
|
|
- |
|
|
|
- |
|
|
|
(300 |
) |
|
Net cash used in investing activities
|
|
|
- |
|
|
|
- |
|
|
|
(300 |
) |
|
Financing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of subordinated notes
|
|
|
(30,000 |
) |
|
|
- |
|
|
|
- |
|
|
Dividends paid on common stock
|
|
|
(73,165 |
) |
|
|
(65,412 |
) |
|
|
(60,923 |
) |
|
Net cash used in financing activities
|
|
|
(103,165 |
) |
|
|
(65,412 |
) |
|
|
(60,923 |
) |
|
Net change in cash and cash equivalents
|
|
|
3,621 |
|
|
|
2,570 |
|
|
|
722 |
|
|
Cash and cash equivalents at beginning of year
|
|
|
22,584 |
|
|
|
20,014 |
|
|
|
19,292 |
|
|
Cash and cash equivalents at end of year
|
|
$ |
26,205 |
|
|
$ |
22,584 |
|
|
$ |
20,014 |
|
|