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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 113,297 $ 90,701
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 6,407 5,935
Provision for credit losses (3,203) 18,550
Securities premium amortization, net 30,288 17,018
Discount accretion on purchased loans (1,181) (1,376)
Gain on sale of assets, net (1,088) (3,719)
Deferred federal income tax (expense) benefit 814 (407)
Change in loans held-for-sale 20,899 (36,018)
Change in other assets (4,125) (16,452)
Change in other liabilities (13,792) 38,274
Total adjustments 35,019 21,805
Net cash provided by operating activities 148,316 112,506
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash received in acquisition of TB&T Bancshares, Inc.   61,028
Activity in available-for-sale securities:    
Sales 10,631 252,958
Maturities 8,037,370 5,654,371
Purchases (9,130,287) (6,392,611)
Net increase in loans held-for-investment (130,765) (613,201)
Purchases of bank premises and equipment (11,640) (7,681)
Proceeds from sale of bank premises and equipment and other assets 494 1,144
Net cash used in investing activities (1,224,197) (1,043,992)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in noninterest-bearing deposits 444,341 638,726
Net increase in interest-bearing deposits 661,536 365,985
Net increase in borrowings 119,876 67,868
Common stock transactions:    
Proceeds from stock option exercises 2,618 2,481
Dividends paid (36,982) (33,371)
Repurchase of stock   (8,008)
Net cash provided by financing activities 1,191,389 1,033,681
NET INCREASE IN CASH AND CASH EQUIVALENTS 115,508 102,195
CASH AND CASH EQUIVALENTS, beginning of period 729,084 282,604
CASH AND CASH EQUIVALENTS, end of period 844,592 384,799
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 3,500 10,246
Federal income taxes paid 19,263  
Transfer of loans and bank premises to other real estate 283 45
Investment securities purchased but not settled 189,838 33,553
Restricted stock grant (forfeiture) $ (663) 913
Stock issued in acquisition of TB&T Bancshares, Inc.   $ 220,273