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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net Income $ 28,332 $ 27,735
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Loan Losses 8,083 1,445
Depreciation and Amortization 4,669 3,994
Net Loss (Gain) on Securities Transactions 552 (222)
Loans Originated and Held-for-Sale (60,335) (20,612)
Proceeds from the Sale of Loans Held-for-Sale 52,099 19,424
Net Gain on the Sale of Loans (2,193) (501)
Net (Gain) Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets (157) 798
Contributions to Retirement Benefit Plans (540) (492)
Deferred Income Tax Benefit (2,255) (644)
Shares Issued Under the Directors’ Stock Plan 125 130
Stock-Based Compensation Expense 315 292
Tax Benefit from Exercise of Stock Options 41 199
Net Increase in Other Assets (5,924) (9,302)
Net Increase in Other Liabilities 4,751 10,480
Net Cash Provided By Operating Activities 27,563 32,724
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 75,449 79,077
Purchases of Securities Available-for-Sale (86,832) (70,418)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 26,570 31,161
Purchases of Securities Held-to-Maturity (6,848) (3,398)
Net Increase in Loans (197,577) (140,360)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 2,332 1,282
Purchase of Premises and Equipment (3,639) (6,698)
Net Decrease in Other Investments 4,743 8,879
Purchase of Bank Owned Life Insurance (12,000) 0
Net Cash Used By Investing Activities (197,802) (100,475)
Cash Flows from Financing Activities:    
Net Increase in Deposits 648,804 268,963
Net Decrease in Short-Term Federal Home Loan Bank Borrowings (130,000) (186,000)
Net Increase in Short-Term Borrowings 22,850 18,210
Finance Lease Payments (26) (19)
Federal Home Loan Bank Advances 40,000 0
Repayments of Federal Home Loan Bank Term Advances (20,000) (15,000)
Purchase of Treasury Stock (1,571) (2,368)
Stock Options Exercised, Net 596 1,640
Shares Issued Under the Employee Stock Purchase Plan 392 360
Shares Issued for Dividend Reinvestment Plans 1,349 1,333
Cash Dividends Paid (11,710) (11,309)
Net Cash Provided By Financing Activities 550,684 75,810
Net Increase in Cash and Cash Equivalents 380,445 8,059
Cash and Cash Equivalents at Beginning of Period 70,221 84,239
Cash and Cash Equivalents at End of Period 450,666 92,298
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 11,367 15,329
Income Taxes 8,369 7,131
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 711 $ 1,530