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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 80,345 $ 72,152
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 5,946 6,433
Provision for loan losses 1,565 2,415
Securities premium amortization (discount accretion), net 12,217 14,109
Gain (loss) on sale of assets, net 824 (1,245)
Deferred federal income tax expense (benefit) 2,206 (908)
Change in loans held-for-sale (631) (9,009)
Change in other assets 1,021 (1,192)
Change in other liabilities 5,219 6,218
Total adjustments 28,367 16,821
Net cash provided by operating activities 108,712 88,973
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash received in acquisition of Commercial Bancshares, Inc.   18,653
Net decrease in interest-bearing time deposits in banks 498  
Activity in available-for-sale securities:    
Sales 66,052 149,125
Maturities 2,201,877 3,208,139
Purchases (2,280,686) (3,471,387)
Net increase in loans (88,629) (80,480)
Purchases of bank premises and equipment and other assets (6,360) (8,544)
Proceeds from sale of bank premises and equipment and other assets 187 776
Net cash used in investing activities (107,061) (183,718)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits 51,445 (97,737)
Net increase in interest-bearing deposits 137,932 3,481
Net increase (decrease) in borrowings (106,701) 125,935
Common stock transactions:    
Proceeds from stock issuances 3,186 2,319
Dividends paid (28,463) (25,434)
Net cash provided by financing activities 57,399 8,564
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 59,050 (86,181)
CASH AND CASH EQUIVALENTS, beginning of period 248,647 372,347
CASH AND CASH EQUIVALENTS, end of period 307,697 286,166
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 15,062 8,074
Federal income taxes paid 12,752 12,762
Transfer of loans and bank premises to other real estate 364 126
Investment securities purchased but not settled 29,355  
Restricted Stock Grant to Officers and Directors $ 1,426 523
Stocks issued in acquisition of Commercial Bancshares, Inc.   $ 58,087