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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net Income $ 37,475 $ 36,279 $ 29,326
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Provision for Loan Losses 2,079 2,607 2,736
Depreciation and Amortization 5,503 4,751 5,398
Allocation of ESOP Stock 180 174 353
Gains on the Sale of Securities Available-for-Sale 0 0 (134)
Losses on the Sale of Securities Available-for-Sale 0 0 582
Net Gain on Equity Securities (289) (213) 0
Loans Originated and Held-for-Sale (23,850) (4,179) (17,468)
Proceeds from the Sale of Loans Held-for-Sale 24,538 4,426 18,171
Net Gains on the Sale of Loans (622) (135) (546)
Net Losses on the Sale or Write-down of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 882 159 210
Contributions to Pension & Postretirement Plans (675) (744) (792)
Deferred Income Tax Benefit (Expense) 344 (92) (1,530)
Shares Issued Under the Directors’ Stock Plan 258 205 233
Stock-Based Compensation Expense 391 356 351
Tax Benefit from Exercise of Stock Options 227 240 112
Net Increase in Other Assets (12,527) (1,182) (157)
Net Increase (Decrease) in Other Liabilities 10,030 (676) 982
Net Cash Provided By Operating Activities 43,944 41,976 37,827
Cash Flows from Investing Activities:      
Proceeds from the Sale of Securities Available-for-Sale 0 0 107,175
Proceeds from the Maturities and Calls of Securities Available-for-Sale 96,058 61,807 53,863
Purchases of Securities Available-for-Sale (131,348) (84,746) (117,262)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 41,607 58,978 49,244
Purchases of Securities Held-to-Maturity (4,003) (7,506) (40,851)
Net Increase in Loans (193,460) (247,569) (200,600)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 1,511 1,828 1,408
Purchase of Premises and Equipment (7,785) (5,103) (2,602)
Proceeds from the Sale of a Subsidiary, Net 0 98 96
Net Decrease (Increase) in Federal Home Loan Bank Stock 5,189 (5,557) 963
Net Cash Used In Investing Activities (192,231) (227,770) (148,566)
Cash Flows from Financing Activities:      
Net Increase in Deposits 270,470 100,468 128,569
Net (Decrease) Increase in Short-Term Federal Home Loan Bank Borrowings (104,000) 129,000 (18,000)
Net (Decrease) Increase in Short-Term Borrowings (3,560) (10,307) 29,130
Finance Lease Payments (28)    
Repayments of Federal Home Loan Bank Advances (15,000) (10,000) 0
Purchase of Treasury Stock (2,469) (2,098) (3,248)
Shares Issued for Stock Option Exercises, net 1,792 2,255 1,190
Shares Issued Under the Employee Stock Purchase Plan 493 505 496
Shares Issued for Dividend Reinvestment Plans 1,777 1,761 1,684
Cash Dividends Paid (15,206) (14,389) (13,599)
Net Cash Provided By Financing Activities 134,269 197,195 126,222
Net (Decrease) Increase in Cash and Cash Equivalents (14,018) 11,401 15,483
Cash and Cash Equivalents at Beginning of Year 84,239 72,838 57,355
Cash and Cash Equivalents at End of Year 70,221 84,239 72,838
Supplemental Disclosures to Statements of Cash Flow Information:      
Interest on Deposits and Borrowings 20,843 12,212 6,957
Income Taxes 9,931 10,037 11,454
Non-cash Investing and Financing Activity:      
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 1,810 $ 1,015 $ 1,779