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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 105,882 $ 103,441
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 6,452 6,268
Provision for credit losses 6,695 8,354
Securities premium amortization, net 22,653 27,151
Gain on sale of securities and other assets, net 56 (1,021)
Deferred federal income tax benefit 476 1,555
Stock-based compensation 2,179 1,985
Net tax benefit from stock-based compensation 128 187
Change in loans held-for-sale (5,270) (7,167)
Change in other assets (4,066) 8,331
Change in other liabilities 9,269 3,925
Total adjustments 38,572 49,568
Net cash provided by operating activities 144,454 153,009
Activity in available-for-sale securities:    
Sales 0 207,287
Maturities 4,330,401 233,935
Purchases (4,241,825) (3,322)
Net increase in loans held-for-investment (371,161) (336,122)
Purchases of bank premises, equipment and software (8,892) (8,966)
Proceeds from sale of bank premises and equipment and other assets 56 2,598
Net cash provided by (used in) investing activities (291,421) 95,410
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits (146,554) (483,305)
Net increase in interest-bearing deposits 417,411 285,358
Net increase (decrease) in repurchase agreements and borrowings (241,428) (54,851)
Common stock transactions:    
Proceeds from stock option exercises/stock unit conversions/restricted stock activity 1,785 1,098
Dividends paid (51,461) (48,540)
Net cash provided by (used in) financing activities (20,247) (300,240)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (167,214) (51,821)
CASH AND CASH EQUIVALENTS, beginning of period 536,591 330,678
CASH AND CASH EQUIVALENTS, end of period 369,377 278,857
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 99,776 51,327
Federal income taxes paid 19,546 25,032
Transfer of loans to other real estate $ 656 $ 190