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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 10,924 $ 15,980
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization (accretion) of premiums and discounts on investments 1,204 1,275
Provision for credit losses 1,800 1,800
Depreciation and amortization 1,655 1,581
Restricted stock compensation 240 223
Gain on sale of mortgage loans (176) (180)
(Gain) Loss on sale of other real estate (7) 4
Other, net (3,204) 3,094
NET CASH FROM OPERATING ACTIVITIES 12,436 23,777
CASH FLOWS FROM INVESTING ACTIVITIES:    
Calls, maturities and principal reductions on securities available-for-sale 25,187 29,900
Purchases of securities available-for-sale (4) (22,911)
Loans made to customers, net of repayment (25,567) (14,020)
Net change in federal funds sold 282 (3,557)
Purchase of restricted stock (7) (6)
Proceeds from sales of other real estate owned 70 40
Additions to premises and equipment (964) (3,274)
NET CASH FROM INVESTING ACTIVITIES (1,003) (13,828)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits 15,067 (203,260)
Net change in short-term borrowings 21,652 37,709
Dividends paid (5,304) (8,912)
Purchase of treasury stock (376) (382)
Proceeds from other borrowings 750,000 25,000
Maturities of other borrowings (800,000)  
NET CASH FROM FINANCING ACTIVITIES (18,961) (149,845)
NET CHANGE IN CASH AND CASH EQUIVALENTS (7,528) (139,896)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 76,759 222,517
CASH AND DUE FROM BANKS, END OF PERIOD $ 69,231 $ 82,621