XML 22 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 234,475,000 $ 227,562,000 $ 202,034,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 12,762,000 13,061,000 12,793,000
Provision for credit losses 17,427,000 (1,139,000) 19,517,000
Securities premium amortization, net 70,788,000 68,308,000 41,959,000
Discount accretion on purchased loans (1,492,000) (2,362,000) (3,780,000)
Gain on sale of assets, net (4,115,000) (1,217,000) (4,001,000)
Deferred federal income tax (expense) benefit (4,205,000) 3,531,000 (5,249,000)
Change in loans held-for-sale 25,194,000 44,098,000 (53,494,000)
Change in other assets 907,000 (11,308,000) (23,233,000)
Change in other liabilities (27,801,000) 12,697,000 24,122,000
Total adjustments 89,465,000 125,669,000 8,634,000
Net cash provided by operating activities 323,940,000 353,231,000 210,668,000
Activity in available-for-sale securities and other investments:      
Sales 479,273,000 10,631,000 263,042,000
Maturities 4,132,928,000 8,495,614,000 6,075,017,000
Purchases (4,385,683,000) (10,887,727,000) (7,117,151,000)
Net increase in loans held-for-investment (1,049,925,000) (211,786,000) (529,144,000)
Purchases of bank premises and equipment (15,784,000) (19,205,000) (16,450,000)
Proceeds from sale of bank premises and equipment and other assets 1,186,000 823,000 1,456,000
Net cash used in investing activities (838,005,000) (2,611,650,000) (1,262,202,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in noninterest-bearing deposits 281,558,000 797,533,000 679,744,000
Net increase in interest-bearing deposits 157,461,000 1,093,138,000 843,142,000
Net increase (decrease) in borrowings (28,645,000) 241,059,000 48,737,000
Common stock transactions:      
Proceeds from stock option exercises 6,545,000 5,905,000 4,717,000
Dividends paid (91,315,000) (79,712,000) (70,318,000)
Repurchase of stock (9,449,000) 0 (8,008,000)
Net cash provided by financing activities 316,155,000 2,057,923,000 1,498,014,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (197,910,000) (200,496,000) 446,480,000
CASH AND CASH EQUIVALENTS, beginning of year 528,588,000 729,084,000 282,604,000
CASH AND CASH EQUIVALENTS, end of year 330,678,000 528,588,000 729,084,000
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:      
Interest paid 30,540,000 6,198,000 14,494,000
Federal income taxes paid 45,430,000 39,528,000 44,381,000
Schedule of noncash investing and financing activities:      
Assets acquired through foreclosure 0 2,711,000 164,000
Investment securities purchased but not settled 0 0 14,641,000
Restricted stock grant (forfeiture) 2,188,000 1,316,000 672,000
Stock issued in acquisition of TB&T Bancshares, Inc. 0 0 220,273,000
TB And T Bacshares Inc [Member]      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash received in acquisition, Net $ 0 $ 0 $ 61,028,000