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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 161,190 $ 152,997
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 9,924 9,290
Provision for credit losses 12,817 10,631
Securities premium amortization, net 34,041 40,376
Gain on sale of securities and other assets, net (181) (735)
Deferred federal income tax benefit 1,011 1,789
Stock-based compensation 3,434 3,033
Net tax benefit from stock-based compensation 220 269
Change in loans held-for-sale (5,754) (312)
Change in other assets (8,218) (371)
Change in other liabilities 16,686 9,126
Total adjustments 63,980 73,096
Net cash provided by operating activities 225,170 226,093
Activity in available-for-sale securities:    
Sales 0 320,419
Maturities 4,536,702 333,273
Purchases (4,351,769) (3,322)
Net increase in loans held-for-investment (574,867) (553,762)
Purchases of bank premises, equipment and software (11,946) (13,386)
Proceeds from sale of bank premises and equipment and other assets 1,555 3,740
Net cash provided by (used in) investing activities (400,325) 86,962
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits (132,443) (584,235)
Net increase in interest-bearing deposits 750,004 295,250
Net increase (decrease) in repurchase agreements and borrowings (320,546) 109,036
Common stock transactions:    
Proceeds from stock option exercises/stock unit conversions/restricted stock activity 2,387 1,483
Dividends paid (77,174) (74,247)
Repurchases of stock   (2,735)
Net cash provided by (used in) financing activities 222,228 (255,448)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 47,073 57,607
CASH AND CASH EQUIVALENTS, beginning of period 536,591 330,678
CASH AND CASH EQUIVALENTS, end of period 583,664 388,285
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 153,215 87,127
Federal income taxes paid 31,173 35,529
Investment securities purchased not settled 5,416 2,500
Transfer of loans to other real estate $ 1,156 $ 190