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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net Income $ 39,548 $ 28,332
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses (286) 8,083
Depreciation and Amortization 5,894 4,669
Net (Gain) Loss on Securities Transactions (250) 552
Loans Originated and Held-for-Sale (45,930) (60,335)
Proceeds from the Sale of Loans Held-for-Sale 57,097 52,099
Net Gain on the Sale of Loans (2,251) (2,193)
Net Loss (Gain) on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 68 (157)
Contributions to Retirement Benefit Plans (441) (540)
Deferred Income Tax Benefit (35) (2,255)
Shares Issued Under the Directors’ Stock Plan 284 125
Stock-Based Compensation Expense 310 315
Tax Benefit from Exercise of Stock Options 69 41
Net Increase in Other Assets (92) (5,924)
Net Increase in Other Liabilities 1,727 4,751
Net Cash Provided By Operating Activities 55,712 27,563
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 93,332 75,449
Purchases of Securities Available-for-Sale (222,089) (86,832)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 24,266 26,570
Purchases of Securities Held-to-Maturity (4,695) (6,848)
Net Increase in Loans (70,393) (197,577)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 1,054 2,332
Purchase of Premises and Equipment (3,942) (3,639)
Net (Increase) Decrease in FHLB and Federal Reserve Bank Stock (31) 4,743
Purchase of Bank Owned Life Insurance 0 (12,000)
Net Cash Used By Investing Activities (182,498) (197,802)
Cash Flows from Financing Activities:    
Net Increase in Deposits 370,837 648,804
Net Decrease in Short-Term Federal Home Loan Bank Borrowings 0 (130,000)
Net (Decrease) Increase in Short-Term Borrowings (15,060) 22,850
Finance Lease Payments (36) (26)
Federal Home Loan Bank Advances 0 40,000
Repayments of Federal Home Loan Bank Term Advances 0 (20,000)
Purchase of Treasury Stock (2,633) (1,571)
Stock Options Exercised, Net 1,453 596
Shares Issued Under the Employee Stock Purchase Plan 363 392
Shares Issued for Dividend Reinvestment Plans 1,366 1,349
Cash Dividends Paid (12,129) (11,710)
Net Cash Provided By Financing Activities 344,161 550,684
Net Increase in Cash and Cash Equivalents 217,375 380,445
Cash and Cash Equivalents at Beginning of Period 380,991 70,221
Cash and Cash Equivalents at End of Period 598,366 450,666
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 4,224 11,367
Income Taxes 11,060 8,369
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 1,066 $ 711