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Consolidated Statements of Cash Flows
9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 172,225,000 $ 143,558,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 9,746,000 9,493,000
Provision for credit losses (3,203,000) 27,550,000
Securities premium amortization, net 48,333,000 28,586,000
Discount accretion on purchased loans (1,771,000) (3,209,000)
Gain on sale of assets, net (1,110,000) (3,882,000)
Deferred federal income tax benefit 3,017,000 7,080,000
Change in loans held-for-sale 34,562,000 (69,987,000)
Change in other assets 6,308,000 (13,064,000)
Change in other liabilities (2,237,000) 8,780,000
Total adjustments 93,645,000 (8,653,000)
Net cash provided by operating activities 265,870,000 134,905,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash received in acquisition of TB&T Bancshares, Inc.   61,028,000
Activity in available-for-sale securities:    
Sales 10,631,000 263,042,000
Maturities 8,270,218,000 5,851,760,000
Purchases (9,972,985,000) (6,902,770,000)
Net increase in loans held-for-investment (110,404,000) (653,105,000)
Purchases of bank premises and equipment (14,282,000) (12,539,000)
Proceeds from sale of bank premises and equipment and other assets 785,000 1,192,000
Net cash used in investing activities (1,816,037,000) (1,391,392,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in noninterest-bearing deposits 591,708,000 647,454,000
Net increase in interest-bearing deposits 625,592,000 494,503,000
Net increase in borrowings 218,586,000 121,807,000
Common stock transactions:    
Proceeds from stock option exercises 4,673,000 3,990,000
Dividends paid (58,334,000) (51,842,000)
Repurchase of stock   (8,008,000)
Net cash provided by financing activities 1,382,225,000 1,207,904,000
NET DECREASE IN CASH AND CASH EQUIVALENTS (167,942,000) (48,583,000)
CASH AND CASH EQUIVALENTS, beginning of period 729,084,000 282,604,000
Total cash and cash equivalents 561,142,000 234,021,000
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 4,938,000 12,466,000
Federal income taxes paid 31,073,000 33,534,000
Transfer of loans and bank premises to other real estate 296,000 45,000
Investment securities purchased but not settled $ 174,236,000 53,730,000
Stock issued in acquisition of TB&T Bancshares, Inc.   $ 220,273,000