Cash and Cash Equivalents

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

ASH AND CASH EQUIVALENTS (In Thousands)

The following table is the schedule of Cash and Cash Equivalents at March 31, 2023, December 31, 2022 and March 31, 2022:
	March 31, 2023		December 31, 2022		March 31, 2022
Cash and Due From Banks	$	25,107	$	31,886	$	38,964
Interest Bearing Deposits at Banks	178,365		32,774		448,614
Total Cash and Cash Equivalents	$	203,472	64,660		487,578

The decline in cash from March 31, 2022 to December 31, 2022 was primarily the result of record loan growth in 2022 and a decrease in deposits in the fourth quarter of 2022. The increase in cash in the first quarter of 2023 was primarily due to an increase of deposits and $80 million of additional FHLB term advances to enhance the Company's liquidity position in light of recent industry events.