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