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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities:    
Net income $ 11,636 $ 14,255
Amortization of intangible assets 373 390
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion (Amortization) of Discounts and Premiums, Investments 1,982 (2,287)
Depreciation 2,324 2,028
Losses on sales of securities 13 160
Stock-based compensation expense 1,700 2,859
Provision for (release of) credit losses 495 (460)
Increase (decrease) in current income tax liability 598 (1,036)
Increase in pension liability 423 224
Increase in accounts receivable (3,278) (5,446)
Other operating activities, net 4,252 1,712
Net cash provided by operating activities 20,518 16,973
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 24,985 111,053
Proceeds from maturities of securities available-for-sale 103,621 22,501
Purchase of securities available-for-sale (46,959) (15,332)
Net (increase) decrease in loans (47,674) 27,058
(Increase) decrease in payments in advance of funding (15,720) 24,595
Purchases of premises and equipment, net (5,700) (6,390)
Net cash provided by investing activities 12,553 163,485
Net (decrease) increase in noninterest-bearing demand deposits (152,328) 36,350
Cash Flows From Financing Activities:    
Net (Increase) Decrease In Accounts and Drafts Receivable From Customers 32,244 12,152
Net (decrease) increase in noninterest-bearing demand deposits (152,328) 36,350
Net increase (decrease) in interest-bearing demand and savings deposits 22,681 (122,399)
Net increase in time deposits 1,179 20,266
Net decrease in accounts and drafts receivable from customers (74,537) (46,076)
Cash dividends paid (8,182) (7,941)
Purchase of common shares for treasury (1,054) (2,377)
Other financing activities, net (1,815) (902)
Net cash used in financing activities (181,812) (110,927)
Net (decrease) increase in cash and cash equivalents (148,741) 69,531
Cash and cash equivalents at beginning of period 372,468 200,942
Cash and cash equivalents at end of period 223,727 270,473
Supplemental information:    
Cash paid for interest 10,571 6,697
Cash paid for income taxes $ 3,035 $ 4,598