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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net Income $ 22,352 $ 36,712
Provision for Credit Losses 2,856 3,389
Depreciation and Amortization 4,962 5,845
Net Loss (Gain) on Securities Transactions 214 (379)
Loans Originated and Held-for-Sale 491 (626)
Proceeds from the Sale of Loans Held-for-Sale 25 1,377
Net Gain on the Sale of Loans (25) (80)
Net Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 135 136
Contributions to Retirement Benefit Plans (400) (478)
Deferred Income Tax Benefit 0 (670)
Shares Issued Under the Directors’ Stock Plan 114 285
Stock-Based Compensation Expense 517 338
Tax Benefit from Exercise of Stock Options 11 22
Net Decrease in Other Assets (1,338) (1,076)
Net Decrease in Other Liabilities 6,985 3,415
Net Cash Provided By Operating Activities 36,899 48,210
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 48,499 61,620
Purchases of Securities Available-for-Sale 0 (149,674)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 41,919 24,231
Purchases of Securities Held-to-Maturity (7,490) (10,293)
Net Increase in Loans (159,518) (260,179)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 1,978 1,055
Purchase of Premises and Equipment (6,474) (10,913)
Net Decrease in FHLB and Federal Reserve Bank Stock 954 660
Purchase of Bank Owned Life Insurance (692) 0
Net Cash Used By Investing Activities (80,824) (343,493)
Cash Flows from Financing Activities:    
Net Increase in Deposits 168,121 244,608
Finance Lease Payments (39) (38)
Other Borrowings - Advances 256,500 0
Other Borrowings - Paydowns (137,000) (20,000)
Purchase of Treasury Stock (848) (2,721)
Stock Options Exercised, Net 83 366
Shares Issued Under the Employee Stock Purchase Plan 120 361
Shares Issued for Dividend Reinvestment Plans 472 1,420
Cash Dividends Paid (13,405) (12,980)
Net Cash Provided By Financing Activities 274,004 211,016
Net Increase (Decrease) in Cash and Cash Equivalents 230,079 (84,267)
Cash and Cash Equivalents at Beginning of Period 64,660 457,696
Cash and Cash Equivalents at End of Period 294,739 373,429
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 31,976 5,911
Income Taxes 5,819 8,918
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 1,921 $ 1,217