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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 14,558 $ 14,808
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,010 942
Amortization of right-of-use asset 1,470 0
Net gain on sale of other real estate owned (306) (137)
Writedown of other real estate owned 140 199
Provision for loan losses 300 300
Deferred tax expense (benefit) 498 (305)
Net amortization of securities 688 915
Stock based compensation expense (12) 28
Increase in taxes receivable (18) (1,787)
(Increase) decrease in interest receivable (13) 862
Increase in interest payable 448 128
Increase in other assets (1,545) (946)
Decrease in operating lease liabilities (1,488) 0
Decrease in accrued expenses and other liabilities (3,141) (3,039)
Total adjustments (1,969) (2,840)
Net cash provided by operating activities 12,589 11,968
Cash flows from investing activities:    
Proceeds from sales and calls of securities available for sale 16,041 25,028
Proceeds from calls and maturities of held to maturity securities 851 1,377
Proceeds from maturities of securities available for sale 10,000 25,000
Purchases of securities available for sale (67,103) (45,224)
Net decrease (increase) in loans 11,863 (31,151)
Proceeds from dispositions of other real estate owned 1,265 1,486
Purchases of bank premises and equipment (744) (1,025)
Net cash used in investing activities (27,827) (24,509)
Cash flows from financing activities:    
Net increase in deposits 138,822 61,754
Net decrease in short-term borrowings (2,115) (39,081)
Proceeds from exercise of stock options 35 20
Proceeds from sale of treasury stock 594 594
Purchases of treasury stock (35) 0
Dividends paid (6,585) (6,316)
Net cash provided by financing activities 130,716 16,971
Net increase in cash and cash equivalents 115,478 4,430
Cash and cash equivalents at beginning of period 503,709 612,740
Cash and cash equivalents at end of period 619,187 617,170
Cash paid during the year for:    
Interest paid 7,233 4,054
Income taxes paid 4,662 6,524
Other non cash items    
Transfer of loans to other real estate owned 685 492
Increase in dividends payable 6 7
Change in unrealized gain (loss) on securities available for sale-gross of deferred taxes 4,588 (7,160)
Change in deferred tax effect on unrealized (loss) gain on securities available for sale (1,192) 1,858
Amortization of net actuarial gain and prior service cost on pension and postretirement plans (133) (49)
Change in deferred tax effect of amortization of net actuarial gain postretirement benefit plans 35 13
In conjunction with the adoption of ASU 2016-02 as detailed in Note 9 to the Unaudited Consolidated Financial Statements, the following assets were recorded and liabilities were assumed:    
Operating lease right-of-use assets 53,029 0
Operating lease liabilities $ 58,211 $ 0