XML 68 R9.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 37,232 $ 38,252
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 3,087 2,982
Provision for credit loss expense 9,850 965
Securities premium amortization, net 7,239 6,132
Gain (loss) on sale of assets, net (2,250) 83
Deferred federal income tax benefit 48 0
Change in loans held-for-sale (13,445) 6,953
Change in other assets (15,046) 7,927
Change in other liabilities 4,871 8,972
Total adjustments (5,646) 34,014
Net cash provided by operating activities 31,586 72,266
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash received in acquisition of TB&T Bancshares, Inc. 61,028 0
Activity in available-for-sale securities:    
Sales 95,437 231
Maturities 1,614,414 106,188
Purchases (2,333,332) (72,142)
Net increase in loans 1,012 (36,070)
Purchases of bank premises and equipment and other assets (5,734) (4,700)
Proceeds from sale of bank premises and equipment and other assets 171 65
Net cash used in investing activities (567,004) (6,428)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits (14,356) 49,638
Net increase in interest-bearing deposits 72,633 120,714
Net increase (decrease) in borrowings 476,515 (85,995)
Common stock transactions:    
Proceeds from stock issuances 2,192 2,246
Dividends paid (16,306) (14,227)
Net cash provided by (used in) financing activities 520,678 72,376
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (14,740) 138,214
CASH AND CASH EQUIVALENTS, beginning of period 282,604 248,647
CASH AND CASH EQUIVALENTS, end of period 267,864 386,861
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Investment securities purchased but not yet settled 33,066 59,397
Investment Securities Sold But Not Yet Settled 126,119  
Interest paid $ 7,042 7,220
Transfer of loans and bank premises to other real estate   $ 237