XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET EARNINGS $ 84,227 $ 78,108
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 9,447 8,627
PROVISION FOR LOAN LOSSES 5,090 8,219
Securities premium amortization (discount accretion), net 23,009 21,275
Gain on sale of assets, net (1,572) (1,767)
Deferred federal income tax benefit 1,290 825
Change in loans held-for-sale 7,779 1,952
Change in other assets 18,703 10,059
Change in other liabilities 7,172 530
Total adjustments 70,918 49,720
Net cash provided by operating activities 155,145 127,828
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net decrease in interest-bearing time deposits in banks 249 1,788
Activity in available-for-sale securities:    
Sales 120,576 20,792
Maturities 4,299,781 2,830,522
Purchases (4,450,719) (2,835,964)
Activity in held-to-maturity securities - maturities 124 148
Net increase in loans (119,911) (27,446)
Purchases of bank premises and equipment and other assets (12,626) (17,151)
Proceeds from sale of other assets 4,857 2,960
Net cash used in investing activities (157,669) (24,351)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits 231,452 (42,959)
Net increase (decrease) in interest-bearing deposits (12,531) 88,254
Net decrease in borrowings (94,335) (101,916)
Common stock transactions:    
Proceeds from stock issuances 2,260 989
Dividends paid (36,373) (33,016)
Net cash provided by (used in) financing activities 90,473 (88,648)
NET DECREASE IN CASH AND CASH EQUIVALENTS 87,949 14,829
CASH AND CASH EQUIVALENTS, beginning of period 256,486 272,886
CASH AND CASH EQUIVALENTS, end of period 344,435 287,715
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 6,772 4,018
Federal income tax paid 21,896 21,631
Transfer of loans and bank premises to other real estate owned 2,044 1,905
Investment securities purchased but not settled 993 4,521
Restricted stock grant to officers and directors $ 600 $ 250