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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 20,875 $ 21,442
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,071 2,331
Net gain on sale of other real estate owned (363) (302)
Writedown of other real estate owned 606 350
Provision for loan losses 1,600 1,600
Deferred tax expense 1,211 167
Net amortization of securities 2,453 2,912
Stock based compensation expense 112 96
Net gain on sale of bank premises and equipment (62) 0
Net gain on sales and calls of securities (668) (249)
Decrease in taxes receivable 1,996 1,815
Increase in interest receivable (442) (7)
Increase (decrease) in interest payable 17 (33)
Increase in other assets (1,530) (405)
(Decrease) increase in accrued expenses and other liabilities (631) 1,072
Total adjustments 6,370 9,347
Net cash provided by operating activities 27,245 30,789
Cash flows from investing activities:    
Proceeds from sales and calls of securities available for sale 134,550 78,604
Proceeds from calls and maturities of held to maturity securities 5,781 7,403
Purchases of securities available for sale (144,422) (98,092)
Proceeds from maturities of securities available for sale 550 1,499
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (99) (252)
Net increase in loans (54,636) (90,557)
Proceeds from dispositions of other real estate owned 4,058 3,870
Proceeds from dispositions of bank premises and equipment 58 66
Purchases of bank premises and equipment (1,217) (1,932)
Net cash used in investing activities (55,377) (99,391)
Cash flows from financing activities:    
Net increase in deposits 80,249 105,200
Net decrease in short-term borrowings (684) (18,366)
Proceeds from exercise of stock options and related tax benefits 502 99
Proceeds from sale of treasury stock 1,307 1,361
Purchases of treasury stock (489) (99)
Dividends paid (12,513) (12,456)
Net cash provided by financing activities 68,372 75,739
Net increase in cash and cash equivalents 40,240 7,137
Cash and cash equivalents at beginning of period 718,156 671,448
Cash and cash equivalents at end of period 758,396 678,585
Cash paid during the year for:    
Interest paid 7,735 8,250
Income taxes paid 10,485 11,059
Other non cash items:    
Transfer of loans to other real estate owned 2,448 3,585
Increase in dividends payable 15 10
Change in unrealized gain on securities available for sale-gross of deferred taxes 11,932 (2,422)
Change in deferred tax effect on unrealized gain on securities available for sale (4,773) 971
Amortization of net actuarial loss and prior service credit on pension and postretirement plans 28 55
Change in deferred tax effect of amortization of net actuarial loss and prior service credit $ (11) $ (22)