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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 116,466,000 $ 113,297,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 6,436,000 6,407,000
Provision for Credit losses 10,132,000 (3,203,000)
Securities premium amortization, net 38,727,000 30,288,000
Discount accretion on purchased loans (746,000) (1,181,000)
Gain on sale of securities and other assets, net (2,777,000) (1,088,000)
Deferred federal income tax benefit 1,421,000 814,000
Change in loans held-for-sale 10,980,000 20,899,000
Change in other assets (1,077,000) (4,125,000)
Change in other liabilities (21,216,000) (13,792,000)
Total adjustments 41,880,000 35,019,000
Net cash provided by operating activities 158,346,000 148,316,000
Activity in available-for-sale securities:    
Sales 188,363,000 10,631,000
Maturities 2,615,256,000 8,037,370,000
Purchases (3,115,482,000) (9,130,287,000)
Net increase in loans held-for-investment (487,862,000) (130,765,000)
Purchases of bank premises and equipment (5,245,000) (11,640,000)
Proceeds from sale of bank premises and equipment and other assets 6,000 494,000
Net cash used in investing activities (804,964,000) (1,224,197,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in noninterest-bearing deposits 323,804,000 444,341,000
Net increase in interest-bearing deposits 232,691,000 661,536,000
Net increase in borrowings 97,212,000 119,876,000
Common stock transactions:    
Proceeds from stock option exercises 4,346,000 2,618,000
Dividends paid (67,054,000) (36,982,000)
Repuchase of stock (7,405,000) 0
Net cash provided by financing activities 583,594,000 1,191,389,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (63,024,000) 115,508,000
CASH AND CASH EQUIVALENTS, beginning of period 528,588,000 729,084,000
CASH AND CASH EQUIVALENTS, end of period 465,564,000 844,592,000
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 4,567,000 3,500,000
Federal income taxes paid 20,981,000 19,263,000
Transfer of loans to other real estate 0 283,000
Investment securities purchased but not settled 0 189,838,000
Restricted stock grant (forfeiture) $ 1,210,000 $ (663,000)