XML 21 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net Income $ 21,255 $ 19,934
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Loan Losses 1,580 1,550
Depreciation and Amortization 4,247 4,605
Allocation of ESOP Stock 0 510
Net Gains on the Sale of Securities Available-for-Sale (10) (144)
Loans Originated and Held-for-Sale (14,890) (20,025)
Proceeds from the Sale of Loans Held-for-Sale 14,481 19,557
Net Gains on the Sale of Loans (431) (649)
Net Losses on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 197 120
Contributions to Retirement Benefit Plans (640) (534)
Deferred Income Tax Benefit (20) (464)
Shares Issued Under the Directors’ Stock Plan 126 112
Stock-Based Compensation Expense 261 215
Tax Benefit from Exercise of Stock Options 112 0
Net Increase in Other Assets (1,689) (3,045)
Net Increase in Other Liabilities 1,819 3,427
Net Cash Provided By Operating Activities 26,398 25,169
Cash Flows from Investing Activities:    
Proceeds from the Sale of Securities Available-for-Sale 10,015 10,568
Proceeds from the Maturities and Calls of Securities Available-for-Sale 43,617 65,965
Purchases of Securities Available-for-Sale (22,503) (10,920)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 39,062 42,295
Purchases of Securities Held-to-Maturity (36,018) (60,786)
Net Increase in Loans (156,643) (133,616)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 830 1,743
Purchase of Premises and Equipment (1,335) (1,083)
Proceeds from the Sale of a Subsidiary, Net 72 72
Net Decrease in Other Investments 4,208 3,468
Net Cash Used By Investing Activities (118,695) (82,294)
Cash Flows from Financing Activities:    
Net Increase in Deposits 190,570 182,764
Net Increase (Decrease) in Short-Term Federal Home Loan Bank Borrowings (90,000) (82,000)
Net Increase (Decrease) in Short-Term Borrowings 25,583 15,416
Purchase of Treasury Stock (2,767) (1,826)
Stock Options Exercised, Net 734 1,775
Shares Issued Under the Employee Stock Purchase Plan 351 358
Tax Benefit from Exercise of Stock Options 0 63
Shares Issued for Dividend Reinvestment Plans 1,256 1,302
Cash Dividends Paid (10,119) (9,736)
Net Cash Provided By Financing Activities 115,608 108,116
Net Increase in Cash and Cash Equivalents 23,311 50,991
Cash and Cash Equivalents at Beginning of Period 57,355 51,068
Cash and Cash Equivalents at End of Period 80,666 102,059
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 5,168 3,932
Income Taxes 8,404 9,761
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 1,055 $ 856