Annual report pursuant to Section 13 and 15(d)

Note 24 - Parent Company Financial Information (Tables)

v3.8.0.1
Note 24 - Parent Company Financial Information (Tables)
 12 Months Ended
Dec. 31, 2017
Notes Tables  
Condensed Balance Sheet [Table Text Block]
    December 31, 2017   December 31, 2016
ASSETS                
Cash and due from banks   $
9,891
     $
6,060
  
Investment in subsidiary    
665,192
      
574,261
  
Other assets    
368
      
375
  
Total assets   $
675,451
     $
580,696
  
                 
LIABILITIES AND STOCKHOLDERS' EQUITY                
Liabilities:                
Other borrowings   $
64,632
     $
54,663
  
Other liabilities    
3,717
      
3,521
  
Total liabilities    
68,349
      
58,184
  
Stockholders' equity:                
Preferred stock, Series A Senior Non-Cumulative Perpetual, par value $0.001 (liquidation preference $1,000), net of discount; no shares authorized, issued and outstanding at December 31, 2017, and December 31, 2016    
-
      
-
  
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2017 and December 31, 2016    
-
      
-
  
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 52,992,586 shares issued and outstanding at December 31, 2017 and 52,636,896 shares issued and outstanding at December 31, 2016    
53
      
53
  
Additional paid-in capital    
217,693
      
215,932
  
Retained earnings    
389,554
      
307,151
  
Accumulated other comprehensive (loss) income    
(198
 )    
(624
 )
Total stockholders' equity    
607,102
      
522,512
  
Total liabilities and stockholders' equity   $
675,451
     $
580,696
  
Condensed Income Statement [Table Text Block]
    2017   2016   2015
Income:                        
Dividends received from subsidiary   $
6,500
     $
2,500
     $
20,000
  
Other income    
2
      
2
      
1
  
Total income    
6,502
      
2,502
      
20,001
  
Expense:                        
Other expenses    
2,260
      
2,208
      
1,603
  
Total expenses    
2,260
      
2,208
      
1,603
  
Equity in undistributed earnings of subsidiary    
88,788
      
81,138
      
45,095
  
Net income    
93,030
      
81,432
      
63,493
  
Dividends on preferred stock    
-
      
-
      
233
  
Net income available to common stockholders   $
93,030
     $
81,432
     $
63,260
  
Condensed Cash Flow Statement [Table Text Block]
    2017   2016   2015
Operating activities                        
Net income   $
93,030
     $
81,432
     $
63,493
  
Adjustments to reconcile net income to net cash used in operating activities:                        
Other    
(314
 )    
1,442
      
(271
 )
Equity in undistributed earnings of subsidiary    
(88,788
 )    
(81,138
 )    
(45,095
 )
Net cash provided by operating activities    
3,928
      
1,736
      
18,127
  
Investing activities                        
Investment in subsidiary    
-
      
(36,000
 )    
-
  
Net cash paid in acquisition    
-
      
-
      
(20,926
 )
Other    
-
      
-
      
736
  
Net cash used in investing activities    
-
      
(36,000
 )    
(20,190
 )
Financing activities                        
Proceeds from issuance of subordinated notes    
29,943
      
-
      
34,750
  
Redemption of subordinated notes    
(20,000
 )    
-
      
-
  
Redemption of preferred stock    
-
      
-
      
(40,000
 )
Dividends paid on common stock    
(10,040
 )    
(7,858
 )    
(5,883
 )
Dividends paid on preferred stock    
-
      
-
      
(233
 )
Net cash provided by financing activities    
(97
 )    
(7,858
 )    
(11,366
 )
Increase (decrease) in cash and cash equivalents    
3,831
      
(42,122
 )    
(13,429
 )
Cash and cash equivalents at beginning of year    
6,060
      
48,182
      
61,611
  
Cash and cash equivalents at end of year   $
9,891
     $
6,060
     $
48,182