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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net Income $ 17,286 $ 17,668
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Loan Losses 5,812 927
Depreciation and Amortization 3,499 2,516
Net Loss (Gain) on Securities Transactions 480 (76)
Loans Originated and Held-for-Sale (33,590) (10,310)
Proceeds from the Sale of Loans Held-for-Sale 22,493 9,336
Net Gain on the Sale of Loans (760) (244)
Net (Gain) Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets (97) 432
Contributions to Retirement Benefit Plans (370) (324)
Deferred Income Tax Benefit (1,742) (569)
Shares Issued Under the Directors’ Stock Plan 125 130
Stock-Based Compensation Expense 209 194
Tax Benefit from Exercise of Stock Options 33 179
Net Increase in Other Assets (1,086) (2,062)
Net Increase in Other Liabilities 3,564 3,294
Net Cash Provided By Operating Activities 15,856 21,091
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 42,640 51,686
Purchases of Securities Available-for-Sale (56,832) (15,390)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 16,186 22,608
Purchases of Securities Held-to-Maturity (5,006) (2,095)
Net Increase in Loans (164,764) (84,695)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 804 779
Purchase of Premises and Equipment (2,040) (4,389)
Net Decrease in Other Investments 4,743 7,304
Net Cash Used By Investing Activities (164,269) (24,192)
Cash Flows from Financing Activities:    
Net Increase in Deposits 452,719 158,169
Net Decrease in Short-Term Federal Home Loan Bank Borrowings (130,000) (151,000)
Net Decrease in Short-Term Borrowings (3,500) (3,510)
Finance Lease Payments (15) (12)
Federal Home Loan Bank Advances 40,000 0
Repayments of Federal Home Loan Bank Term Advances (20,000) (15,000)
Purchase of Treasury Stock (1,507) (2,041)
Stock Options Exercised, Net 408 1,325
Shares Issued Under the Employee Stock Purchase Plan 265 250
Shares Issued for Dividend Reinvestment Plans 892 904
Cash Dividends Paid (7,800) (7,528)
Net Cash Provided (Used) By Financing Activities 331,462 (18,443)
Net Increase (Decrease) in Cash and Cash Equivalents 183,049 (21,544)
Cash and Cash Equivalents at Beginning of Period 70,221 84,239
Cash and Cash Equivalents at End of Period 253,270 62,695
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 8,896 9,990
Income Taxes 5,044 5,031
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 133 $ 1,098