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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 56,918 $ 37,232
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 3,171 3,087
Provision for credit losses (1,997) 9,850
Securities premium amortization, net 14,105 7,239
Discount accretion on purchased loans (591) (354)
Gain on sale of assets, net (910) (2,250)
Change in loans held-for-sale 16,365 (13,445)
Change in other assets 8,868 (15,046)
Change in other liabilities 840 4,919
Total adjustments 39,851 (6,000)
Net cash provided by operating activities 96,769 31,232
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash received in acquisition of TB&T Bancshares, Inc.   61,028
Activity in available-for-sale securities:    
Sales 10,631 95,437
Maturities 7,839,968 1,614,414
Purchases (8,280,926) (2,333,332)
Net (increase) decrease in loans held-for-investment (148,615) 1,366
Purchases of bank premises and equipment (3,322) (5,734)
Proceeds from sale of bank premises and equipment and other assets 420 171
Net cash used in investing activities (581,844) (566,650)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits 367,448 (14,356)
Net increase in interest-bearing deposits 370,182 72,633
Net increase in borrowings 118,511 476,515
Common stock transactions:    
Proceeds from stock option exercises 1,904 2,192
Dividends paid (18,483) (16,306)
Net cash provided by financing activities 839,562 520,678
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 354,487 (14,740)
CASH AND CASH EQUIVALENTS, beginning of period 729,084 282,604
CASH AND CASH EQUIVALENTS, end of period 1,083,571 267,864
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 1,843 7,042
Transfer of loans and bank premises to other real estate 255  
Investment securities purchased but not settled 381,871 33,066
Investment securities sold but not yet settled   126,119
Restricted stock grant (forfeiture) to officers and directors $ (17) 118
Stock issued in acquisition of TB&T Bancshares, Inc.   $ 220,273