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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net Income $ 12,575 $ 13,280
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses 769 (648)
Depreciation and Amortization 1,945 1,951
Net Gain on Securities Transactions (130) (160)
Loans Originated and Held-for-Sale (974) (24,037)
Proceeds from the Sale of Loans Held-for-Sale 1,349 32,093
Net Gain on the Sale of Loans (52) (1,415)
Net Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 15 90
Contributions to Retirement Benefit Plans (171) (146)
Deferred Income Tax (Benefit) Expense (462) 349
Shares Issued Under the Directors’ Stock Plan 99 98
Stock-Based Compensation Expense 110 104
Tax Benefit from Exercise of Stock Options 22 13
Net Decrease (Increase) in Other Assets 4,477 (3,077)
Net (Decrease) Increase in Other Liabilities (2,803) 1,624
Net Cash Provided By Operating Activities 16,769 20,119
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 21,473 25,977
Purchases of Securities Available-for-Sale (75,049) (130,481)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 4,699 4,291
Purchases of Securities Held-to-Maturity (4,950) (619)
Net Increase in Loans (70,441) (51,866)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 335 259
Purchase of Premises and Equipment (3,123) (1,311)
Net Decrease (Increase) in FHLB and Federal Reserve Bank Stock 889 (11)
Net Cash Used By Investing Activities (126,167) (153,761)
Cash Flows from Financing Activities:    
Net Increase in Deposits 164,876 218,862
Net Decrease in Short-Term Borrowings 0 (10,691)
Finance Lease Payments (13) (12)
Repayments of Federal Home Loan Bank Term Advances (20,000) 0
Purchase of Treasury Stock (2,093) 0
Stock Options Exercised, Net 241 156
Shares Issued Under the Employee Stock Purchase Plan 120 124
Shares Issued for Dividend Reinvestment Plans 474 455
Cash Dividends Paid (4,325) (4,036)
Net Cash Provided By Financing Activities 139,280 204,858
Net Increase in Cash and Cash Equivalents 29,882 71,216
Cash and Cash Equivalents at Beginning of Period 457,696 380,991
Cash and Cash Equivalents at End of Period 487,578 452,207
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 1,156 1,626
Income Taxes 318 0
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 403 $ 349