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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 152,997 $ 175,807
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 9,290 9,589
Provision for credit losses 10,631 13,353
Securities premium amortization, net 40,376 55,355
Discount accretion on purchased loans 0 (1,119)
Gain on sale of securities and other assets, net (735) (3,986)
Stock-based compensation 3,033 2,672
Net tax benefit from stock-based compensation 269 353
Deferred federal income tax benefit 1,789 0
Change in loans held-for-sale (312) 17,967
Change in other assets (371) 11,827
Change in other liabilities 9,126 (27,412)
Total adjustments 73,096 78,599
Net cash provided by operating activities 226,093 254,406
Activity in available-for-sale securities:    
Sales 320,419 205,444
Maturities 333,273 2,773,665
Purchases (3,322) (3,131,413)
Net increase in loans held-for-investment (553,762) (862,636)
Purchases of bank premises, equipment and software (13,386) (11,970)
Proceeds from sale of bank premises and equipment and other assets 3,740 1,186
Net cash provided by (used in) investing activities 86,962 (1,025,724)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits (584,235) 420,562
Net increase in interest-bearing deposits 295,250 155,068
Net change in borrowings 109,036 103,429
Common stock transactions:    
Proceeds from stock option exercises/stock unit conversions/restricted stock activity 1,483 5,974
Dividends paid (74,247) (67,072)
Repurchase of stock (2,735) (9,449)
Net cash provided by (used in) financing activities (255,448) 608,512
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 57,607 (162,806)
CASH AND CASH EQUIVALENTS, beginning of period 330,678 528,588
CASH AND CASH EQUIVALENTS, end of period 388,285 365,782
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 87,127 14,067
Federal income taxes paid 35,529 33,050
Investment securities purchased not settled 2,500 0
Transfer of loans to other real estate $ 190 $ 0