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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net income $ 14,191 $ 10,192
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,626 4,148
Depreciation and amortization 2,512 2,218
Amortization/Accretion of investments 2,245 873
(Gain) loss on sale/call of securities (2,631) 387
Other Than Temporary Impairment Charge on Securities 100 0
(Gain) loss on sale of assets (966) (1,305)
Repossessed asset write downs, gains and losses on dispositions 869 105
FHLB stock dividends (28) (44)
Net (increase) decrease in loans held for sale (235) 344
Change in other assets and liabilities, net (6,365) 4,433
Net Cash Provided By Operating Activities 14,318 21,351
Cash Flows From Investing Activities    
Proceeds from maturities, calls and sales of HTM securities 34,022 17,946
Proceeds from maturities, calls and sales of AFS securities 577,801 244,411
Funds Invested in AFS securities (589,619) (116,443)
Net increase in loans (276,143) (73,041)
Purchase of premises and equipment (4,272) (7,947)
Proceeds from sales of premises and equipment 80 5
Proceeds from sales of other real estate owned 988 365
Net Cash (Used In) Provided By Investing Activities (257,143) 65,296
Cash Flows From Financing Activities    
Net increase (decrease) in deposits 340,136 (29,211)
Net increase in federal funds purchased and short-term borrowings 36,976 0
Repayment of long-term borrowings (4,730) (2,206)
Dividends paid (4,676) (4,227)
Net Cash Provided By (Used In) Financing Activities 367,706 (35,644)
Net Increase In Cash and Cash Equivalents 124,881 51,003
Cash and Cash Equivalents at the Beginning of the Period 67,425 127,965
Cash and Cash Equivalents at the End of the Period 192,306 178,968
Noncash Activities:    
Acquisition of real estate in settlement of loans 319 2,704
Transfer of securities from HTM to AFS 52,553 0
Cash Paid During The Period:    
Interest on deposits and borrowed funds 20,817 21,159
Federal    
Cash Paid During The Period:    
Income taxes 4,808 2,750
State    
Cash Paid During The Period:    
Income taxes $ 25 $ 23