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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 103,441 $ 116,466
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 6,268 6,436
PROVISION FOR CREDIT LOSSES 8,354 10,132
Securities premium amortization, net 27,151 38,727
Discount accretion on purchased loans 0 (746)
Gain on sale of securities and other assets, net (1,021) (2,777)
Deferred federal income tax benefit 1,555 1,421
Change in loans held-for-sale (7,167) 10,980
Change in other assets 9,397 (1,077)
Change in other liabilities 5,001 (21,216)
Total adjustments 49,538 41,880
Net cash provided by operating activities 152,979 158,346
Activity in available-for-sale securities:    
Sales 207,287 188,363
Maturities 233,935 2,615,256
Purchases (3,322) (3,115,482)
Net increase in loans held-for-investment (336,122) (487,862)
Purchases of bank premises and equipment (8,966) (5,245)
Proceeds from sale of bank premises and equipment and other assets 2,598 6
Net cash provided by (used in) investing activities 95,410 (804,964)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits (483,305) 323,804
Net increase in interest-bearing deposits 285,358 232,691
Net change in borrowings (54,851) 97,212
Common stock transactions:    
Proceeds from stock option exercises 1,128 4,346
Dividends paid (48,540) (67,054)
Repurchase of stock 0 (7,405)
Net cash provided by (used in) financing activities (300,210) 583,594
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (51,821) (63,024)
CASH AND CASH EQUIVALENTS, beginning of period 330,678 528,588
CASH AND CASH EQUIVALENTS, end of period 278,857 465,564
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 51,327 4,567
Federal income taxes paid 25,032 20,981
Transfer of loans to other real estate 190 0
Restricted stock grant $ 1,066 $ 1,210