| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net earnings | |||||||||||
164,812 | 150,638 | 120,371 | 104,774 | 100,381 | 89,559 | 78,868 | 74,225 | 68,369 | 59,659 | 53,797 | 53,164 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
11,665 | 12,549 | 12,916 | 11,573 | 11,145 | 9,262 | 8,638 | 7,920 | 7,352 | 7,102 | 7,746 | 8,014 |
Provision for credit loss expense | |||||||||||
2,965 | 5,665 | 6,530 | 10,212 | 9,685 | 4,465 | 3,753 | 3,484 | 6,626 | 8,962 | 11,419 | 7,957 |
Securities premium amortization, net | |||||||||||
-25,788 | -27,467 | -30,310 | -29,005 | -27,705 | -20,221 | -18,235 | -15,757 | -8,251 | 4,460 | 1,636 | 715 |
Gain (loss) on sale of assets, net | |||||||||||
1,477 | 1,216 | 1,167 | 1,894 | 150 | 910 | 178 | 2,628 | 80 | 2,765 | 2,275 | 2,789 |
Deferred federal income tax benefit | |||||||||||
-29 | -250 | -53 | 673 | 320 | -893 | 754 | 1,517 | 2,005 | 1,089 | -221 | -123 |
Trading security activity, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | -55,991 | 55,991 |
Change in loans held-for-sale | |||||||||||
5,830 | 5,791 | -11,769 | -6,645 | 24,739 | 3,640 | -6,292 | 827 | -2,531 | 8,837 | -50,444 | 17,296 |
Change in other assets | |||||||||||
-1,851 | 1,697 | -9,313 | -2,397 | 16,919 | -9,852 | 6,254 | 5,170 | 1,075 | -4,573 | 6,597 | 565 |
Change in other liabilities | |||||||||||
4,374 | 1,621 | 285 | -2,643 | 1,664 | 3,486 | -250 | -1,216 | 1,132 | -2,415 | -425 | -3,581 |
Total adjustments | |||||||||||
39,307 | 38,348 | 69,903 | 55,968 | 8,711 | 41,843 | 30,990 | 18,837 | 26,742 | 12,169 | 117,718 | -63,659 |
Net cash provided by operating activities | |||||||||||
204,119 | 188,986 | 190,274 | 160,742 | 109,092 | 131,402 | 109,858 | 93,062 | 95,111 | 71,828 | 171,515 | -10,495 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Cash paid for asset acquisition of 4Trust Mortgage, Inc., net | |||||||||||
- | - | - | - | 1,931 | - | - | - | - | 2,463 | - | - |
Cash received in acquisition of TB&T Bancshares, Inc. | |||||||||||
- | 18,653 | - | - | 65,197 | - | - | - | - | - | - | - |
Net decrease in interest-bearing time deposits in banks | |||||||||||
- | - | - | 1,788 | 13,507 | 14,915 | 17,088 | 12,170 | 42,511 | -47,063 | -54,445 | - |
Activity in available-for-sale securities: | |||||||||||
Sales | |||||||||||
67,414 | 220,259 | 120,576 | 40,510 | 35,580 | 1,619 | 122,025 | 144,144 | 22,970 | 28,039 | 50,063 | 89,439 |
Maturities | |||||||||||
4,460,703 | 3,439,028 | 4,392,131 | 3,509,113 | 2,717,724 | 2,917,407 | 2,181,684 | 1,909,635 | 1,886,632 | 1,812,241 | 182,214 | 199,925 |
Purchases | |||||||||||
4,727,430 | 3,731,821 | 4,768,420 | 3,737,865 | 3,055,117 | 3,248,804 | 2,525,499 | 2,049,275 | 2,171,404 | 2,068,639 | 233,876 | 421,585 |
Activity in held-to-maturity securities – maturities | |||||||||||
- | - | 124 | 157 | 163 | 243 | 377 | 2,557 | 5,458 | 6,216 | 8,227 | 2,924 |
Net increase in loans | |||||||||||
245,190 | 205,238 | 134,627 | 48,836 | 144,320 | 247,829 | 320,136 | 306,412 | 108,152 | 82,823 | 8,344 | 25,689 |
Purchases of bank premises and equipment and other assets | |||||||||||
8,671 | 17,646 | 14,162 | 20,399 | 17,433 | 17,412 | 11,324 | 16,180 | 14,777 | 11,240 | 6,481 | 11,778 |
Proceeds from sale of bank premises and equipment and other assets | |||||||||||
2,249 | 844 | 6,085 | 3,572 | 2,405 | 4,656 | 4,721 | 8,370 | 5,732 | 9,924 | 4,455 | 2,083 |
Net cash used in investing activities | |||||||||||
-449,467 | -275,921 | -398,044 | -251,960 | -384,225 | -575,205 | -556,770 | -294,991 | -331,030 | -355,808 | -58,187 | -164,681 |
Net increase (decrease) in noninterest-bearing deposits | |||||||||||
-50,979 | -87,583 | 323,928 | -28,230 | 23,473 | 208,146 | -17,053 | 210,132 | 142,103 | 99,387 | 39,246 | 57,896 |
Net increase in interest-bearing deposits | |||||||||||
474,396 | -36,891 | 249 | 316,600 | 72,857 | 407,035 | 133,594 | 87,654 | 79,394 | 179,237 | 62,758 | -21,226 |
Net increase (decrease) in borrowings | |||||||||||
-87,350 | 137,706 | -114,770 | -169,905 | 235,440 | -96,778 | 204,191 | 51,941 | 29,400 | 32,262 | -89,504 | 69,332 |
Proceeds from stock issuances | |||||||||||
4,294 | 3,864 | 2,934 | 1,260 | 1,545 | 1,437 | 1,958 | 824 | 950 | 789 | 682 | 608 |
Dividends paid | |||||||||||
61,056 | 53,861 | 48,955 | 44,907 | 38,767 | 34,578 | 24,505 | 38,719 | 29,359 | 28,346 | 28,302 | 27,434 |
Net cash provided by (used in) financing activities | |||||||||||
279,305 | -36,765 | 323,631 | 74,818 | 294,548 | 485,262 | 298,185 | 311,832 | 222,488 | 283,329 | -15,120 | 79,176 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||||
33,957 | -123,700 | 115,861 | -16,400 | 19,415 | 41,459 | -148,727 | 109,903 | -13,431 | -651 | 98,208 | -96,000 |