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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 53,397 $ 52,568
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 3,221 3,074
Provision for credit losses 808 2,781
Securities premium amortization, net 11,153 13,770
Gain on sale of securities and other assets, net 0 (976)
Stock-based compensation 1,129 952
Net tax benefit from stock-based compensation 102 93
Change in loans held-for-sale (1,797) 48
Change in other assets (4,245) 15,851
Change in other liabilities 11,875 7,755
Total adjustments 22,246 43,348
Net cash provided by operating activities 75,643 95,916
Activity in available-for-sale securities:    
Sales 0 145,948
Maturities 3,644,519 116,922
Purchases (3,629,507) (3,298)
Net increase in loans held-for-investment (80,652) (133,974)
Purchases of bank premises, equipment and software (3,912) (6,347)
Proceeds from sale of bank premises and equipment and other assets 41 2,423
Net cash provided by (used in) investing activities (69,511) 121,674
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits (87,439) (170,797)
Net increase in interest-bearing deposits 238,947 101,708
Net increase (decrease) in repurchase agreements and borrowings (69,981) (9,581)
Common stock transactions:    
Proceeds from stock option exercises/stock unit conversions/restricted stock activity 1,623 884
Dividends paid (25,712) (24,271)
Net cash provided by (used in) financing activities 57,438 (102,057)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 63,570 115,533
CASH AND CASH EQUIVALENTS, beginning of period 536,591 330,678
CASH AND CASH EQUIVALENTS, end of period 600,161 446,211
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 51,106 22,726
Transfer of loans to other real estate $ 454 $ 175