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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net income $ 14,574 $ 21,649
Amortization of intangible assets 556 585
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion (Amortization) of Discounts and Premiums, Investments 2,916 (3,378)
Depreciation 3,646 3,061
Losses on sales of securities 13 160
Stock-based compensation expense 2,598 3,797
(Release of) provision for credit losses 355 (335)
Increase (decrease) in current income tax liability 55 (1,496)
Increase in pension liability 635 346
Increase in accounts receivable (5,193) (1,234)
Other operating activities, net 164 (545)
Net cash provided by operating activities 20,319 29,366
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 130,518 29,410
Purchase of securities available-for-sale (71,121) (15,332)
Net (increase) decrease in loans (64,069) 43,286
(Increase) decrease in payments in advance of funding (8,341) 35,188
Purchases of premises and equipment, net (7,848) (9,360)
Net cash provided by investing activities 4,124 194,245
Net decrease in noninterest-bearing demand deposits (131,786) (131,465)
Cash Flows From Financing Activities:    
Net (Increase) Decrease In Accounts and Drafts Receivable From Customers 79,760 67,069
Net decrease in noninterest-bearing demand deposits (131,786) (131,465)
Net increase in interest-bearing demand and savings deposits 33,640 15,304
Net increase in time deposits 4,655 36,286
Net decrease in accounts and drafts receivable from customers (134,906) 14,624
Cash dividends paid (12,264) (11,887)
Purchase of common shares for treasury (3,705) (5,212)
Other financing activities, net (1,749) (837)
Net cash used in financing activities (166,355) (16,118)
Net (decrease) increase in cash and cash equivalents (141,912) 207,493
Cash and cash equivalents at beginning of period 372,468 200,942
Cash and cash equivalents at end of period 230,556 408,435
Supplemental information:    
Cash paid for interest 15,653 11,049
Cash paid for income taxes $ 4,095 $ 6,775