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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net Income $ 26,559 $ 17,286
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses (385) 5,812
Depreciation and Amortization 3,952 3,499
Net (Gain) Loss on Securities Transactions (356) 480
Loans Originated and Held-for-Sale (40,854) (33,590)
Proceeds from the Sale of Loans Held-for-Sale 51,987 22,493
Net Gain on the Sale of Loans (2,040) (760)
Net Loss (Gain) on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 45 (97)
Contributions to Retirement Benefit Plans (291) (370)
Deferred Income Tax Benefit (9) (1,742)
Shares Issued Under the Directors’ Stock Plan 189 125
Stock-Based Compensation Expense 207 209
Tax Benefit from Exercise of Stock Options 41 33
Net Increase in Other Assets (842) (1,086)
Net Increase in Other Liabilities 1,890 3,564
Net Cash Provided By Operating Activities 40,093 15,856
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 53,087 42,640
Purchases of Securities Available-for-Sale (130,481) (56,832)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 17,281 16,186
Purchases of Securities Held-to-Maturity (3,704) (5,006)
Net Increase in Loans (59,778) (164,764)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 877 804
Purchase of Premises and Equipment (2,404) (2,040)
Net (Increase) Decrease in FHLB and Federal Reserve Bank Stock (31) 4,743
Net Cash Used By Investing Activities (125,153) (164,269)
Cash Flows from Financing Activities:    
Net Increase in Deposits 203,307 452,719
Net Decrease in Short-Term Federal Home Loan Bank Borrowings 0 (130,000)
Net Decrease in Short-Term Borrowings (14,394) (3,500)
Finance Lease Payments (24) (15)
Federal Home Loan Bank Advances 0 40,000
Repayments of Federal Home Loan Bank Term Advances 0 (20,000)
Purchase of Treasury Stock (190) (1,507)
Stock Options Exercised, Net 525 408
Shares Issued Under the Employee Stock Purchase Plan 246 265
Shares Issued for Dividend Reinvestment Plans 911 892
Cash Dividends Paid (8,084) (7,800)
Net Cash Provided By Financing Activities 182,297 331,462
Net Increase in Cash and Cash Equivalents 97,237 183,049
Cash and Cash Equivalents at Beginning of Period 380,991 70,221
Cash and Cash Equivalents at End of Period 478,228 253,270
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 3,038 8,896
Income Taxes 6,960 5,044
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 713 $ 133