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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 52,568,000 $ 55,972,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 3,074,000 3,231,000
PROVISION FOR CREDIT LOSSES 2,781,000 4,782,000
Securities premium amortization, net 13,770,000 19,836,000
Discount accretion on purchased loans 0 (373,000)
Gain on sale of securities and other assets, net (976,000) (1,074,000)
Change in loans held-for-sale 48,000 9,367,000
Change in other assets 16,774,000 9,434,000
Change in other liabilities 7,848,000 (14,490,000)
Total adjustments 43,319,000 30,713,000
Net cash provided by operating activities 95,887,000 86,685,000
Activity in available-for-sale securities:    
Sales 145,948,000 0
Maturities 116,922,000 211,266,000
Purchases (3,298,000) (551,559,000)
Net increase in loans held-for-investment (133,974,000) (176,350,000)
Purchases of bank premises and equipment (6,347,000) (3,193,000)
Proceeds from sale of bank premises and equipment and other assets 2,423,000 0
Net cash provided by (used in) investing activities 121,674,000 (519,836,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits (170,797,000) 198,494,000
Net increase in interest-bearing deposits 101,708,000 234,843,000
Net change in borrowings (9,581,000) 87,443,000
Common stock transactions:    
Proceeds from stock option exercises 913,000 2,921,000
Dividends paid (24,271,000) (21,385,000)
Net cash provided by (used in) financing activities (102,028,000) 502,316,000
NET INCREASE IN CASH AND CASH EQUIVALENTS 115,533,000 69,165,000
CASH AND CASH EQUIVALENTS, beginning of period 330,678,000 528,588,000
CASH AND CASH EQUIVALENTS, end of period 446,211,000 597,753,000
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 22,726,000 1,523,000
Transfer of loans to other real estate 175,000 0
Restricted stock grant (forfeiture) $ 479,000 $ 559,000