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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 61,346 $ 53,397
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 3,500 3,221
Provision for credit losses 3,528 808
Securities premium amortization, net 9,506 11,153
Loss on sale of securities and other assets, net 35 0
Stock-based compensation 1,927 1,129
Net tax benefit from stock-based compensation 59 102
Change in loans held-for-sale (5,882) (1,797)
Change in other assets (1,408) (4,245)
Change in other liabilities 4,215 11,875
Total adjustments 15,480 22,246
Net cash provided by operating activities 76,826 75,643
Activity in available-for-sale securities:    
Sales 0 0
Maturities 5,234,555 3,644,519
Purchases (5,341,856) (3,629,507)
Net increase in loans held-for-investment (32,980) (80,652)
Purchases of bank premises, equipment and software (2,115) (3,912)
Proceeds from sale of bank premises and equipment and other assets 0 41
Net cash used in investing activities (142,396) (69,511)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits 8,512 (87,439)
Net increase in interest-bearing deposits 359,085 238,947
Net increase (decrease) in repurchase agreements and borrowings (113,435) (69,981)
Common stock transactions:    
Proceeds from stock option exercises/stock unit conversions/restricted stock activity 804 1,623
Dividends paid (25,754) (25,712)
Net cash provided by financing activities 229,212 57,438
NET INCREASE IN CASH AND CASH EQUIVALENTS 163,642 63,570
CASH AND CASH EQUIVALENTS, beginning of period 763,413 536,591
CASH AND CASH EQUIVALENTS, end of period 927,055 600,161
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 48,694 51,106
Transfer of loans to other real estate $ 0 $ 454