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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 10,409 $ 10,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,061 1,173
Net (gain) loss on sale of other real estate owned 0 (134)
Writedown of other real estate owned 346 259
Provision for loan losses 800 800
Deferred tax (benefit) expense (179) 891
Net amortization of securities 1,152 1,520
Stock based compensation expense 56 48
Net loss (gain) on sale of bank premises and equipment 3 (1)
Net gain on sales and calls of securities 0 (249)
Decrease in taxes receivable 4,703 4,379
Decrease in interest receivable 264 424
Increase in interest payable 48 22
Increase in other assets (632) (1,625)
Decrease in accrued expenses and other liabilities (1,912) (1,390)
Total adjustments 5,710 6,117
Net cash provided by operating activities 16,119 16,832
Cash flows from investing activities:    
Proceeds from sales and calls of securities available for sale 48,913 52,625
Proceeds from calls and maturities of held to maturity securities 2,891 3,686
Purchases of securities available for sale (31,121) (40,928)
Net increase in loans (10,275) (38,670)
Proceeds from dispositions of other real estate owned 1,461 1,552
Proceeds from dispositions of bank premises and equipment 18 51
Purchases of bank premises and equipment (799) (1,470)
Net cash used in investing activities 11,088 (23,154)
Cash flows from financing activities:    
Net increase in deposits 42,110 84,927
Net (decrease) increase in short-term borrowings (21,698) 5,622
Proceeds from exercise of stock options and related tax benefits 0 99
Proceeds from sale of treasury stock 655 675
Purchases of treasury stock 0 (99)
Dividends paid (6,252) (6,224)
Net cash provided by financing activities 14,815 85,000
Net increase in cash and cash equivalents 42,022 78,678
Cash and cash equivalents at beginning of period 718,156 671,448
Cash and cash equivalents at end of period 760,178 750,126
Cash paid during the year for:    
Interest paid 3,796 4,138
Income taxes paid 1,360 2,037
Other non cash items:    
Transfer of loans to other real estate owned 1,036 2,194
Increase in dividends payable 7 4
Change in unrealized gain on securities available for sale-gross of deferred taxes 8,035 3,060
Change in deferred tax effect on unrealized gain on securities available for sale (3,214) (1,222)
Amortization of net actuarial loss and prior service credit on pension and postretirement plans 56 (27)
Change in deferred tax effect of amortization of net actuarial loss and prior service credit $ (23) $ 11