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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 14,808 $ 10,947
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 942 946
Net gain on sale of other real estate owned (137) (191)
Writedown of other real estate owned 199 188
Provision for loan losses 300 600
Deferred tax (benefit) expense (305) 368
Net amortization of securities 915 1,114
Stock based compensation expense 28 42
(Increase) decrease in taxes receivable (1,787) (411)
Decrease in interest receivable 862 328
Increase (decrease) in interest payable 128 (16)
Increase in other assets (946) (997)
Decrease in accrued expenses and other liabilities (3,039) (1,602)
Total adjustments (2,840) 369
Net cash provided by operating activities 11,968 11,316
Cash flows from investing activities:    
Proceeds from calls of securities available for sale 25,028 20,770
Proceeds from maturities of securities available for sale 25,000 0
Proceeds from calls and maturities of held to maturity securities 1,377 2,220
Purchases of securities available for sale (45,224) (47,905)
Net increase in loans (31,151) (19,579)
Proceeds from dispositions of other real estate owned 1,486 1,867
Purchases of bank premises and equipment (1,025) (655)
Net cash (used in) provided by investing activities (24,509) (43,282)
Cash flows from financing activities:    
Net increase in deposits 61,754 2,306
Net (decrease) increase in short-term borrowings (39,081) 11,540
Proceeds from exercise of stock options 20 1,503
Stock based award tax withholding payments 0 (312)
Proceeds from sale of treasury stock 594 633
Purchases of treasury stock 0 (1,503)
Dividends paid (6,316) (6,284)
Net cash provided by financing activities 16,971 7,883
Net increase (decrease) in cash and cash equivalents 4,430 (24,083)
Cash and cash equivalents at beginning of period 612,740 707,274
Cash and cash equivalents at end of period 617,170 683,191
Cash paid during the year for:    
Interest paid 4,054 3,668
Income taxes paid 6,524 6,150
Other non cash items:    
Transfer of loans to other real estate owned 492 787
Increase in dividends payable 7 7
Change in unrealized (loss) gain on securities available for sale-gross of deferred taxes (7,160) 1,179
Change in deferred tax effect on unrealized (loss) gain on securities available for sale 1,858 (472)
Amortization of net actuarial (gain) loss and prior service cost on pension and postretirement plans (49) (40)
Change in deferred tax effect of amortization of net actuarial (gain) loss and prior service cost on pension and postretirement plans $ 13 $ 16