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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net Income $ 25,239 $ 22,352
Provision for Credit Losses on Loans 2,326 2,856
Depreciation and Amortization 4,008 4,962
Net (Gain) Loss on Securities Transactions (165) 214
Loans Originated and Held-for-Sale (6,278) 491
Proceeds from the Sale of Loans Held-for-Sale 6,376 25
Net Gain on the Sale of Loans (135) (25)
Net (Gain) Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets (312) 135
Contributions to Retirement Benefit Plans (494) (400)
Deferred Income Tax Benefit (255) 0
Shares Issued Under the Directors’ Stock Plan 377 114
Stock-Based Compensation Expense 227 517
Tax Benefit from Exercise of Stock Options 29 11
Net Increase in Other Assets (3,458) (1,338)
Net Increase in Other Liabilities 1,359 6,985
Net Cash Provided By Operating Activities 28,844 36,899
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 72,545 48,499
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 36,801 41,919
Purchases of Securities Held-to-Maturity (8,959) (7,490)
Purchases of Equity Securities (2,999) 0
Net Increase in Loans (127,890) (159,518)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 2,708 1,978
Purchase of Premises and Equipment (4,084) (6,474)
Net Decrease in FHLB and Federal Reserve Bank Stock 697 954
Purchase of Bank Owned Life Insurance 0 (692)
Acquisition of Whitehall Branch 32,354 0
Net Cash Provided (Used) By Investing Activities 1,173 (80,824)
Cash Flows from Financing Activities:    
Net Increase in Deposits 112,211 168,121
Finance Lease Payments (44) (39)
Other Borrowings - Advances 102,100 256,500
Other Borrowings - Paydowns (25,000) (137,000)
Net Cash Collateral Received from Derivative Counterparties (1,980) 0
Purchase of Treasury Stock (6,525) (848)
Stock Options Exercised, Net 166 83
Shares Issued Under the Employee Stock Purchase Plan 209 120
Shares Issued for Dividend Reinvestment Plans 0 472
Cash Dividends Paid (13,602) (13,405)
Net Cash Provided By Financing Activities 167,535 274,004
Net Increase in Cash and Cash Equivalents 197,552 230,079
Cash and Cash Equivalents at Beginning of Period 142,536 64,660
Cash and Cash Equivalents at End of Period 340,088 294,739
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 60,869 31,976
Income Taxes 5,553 5,819
Transfer of Loans to Other Real Estate Owned and Repossessed Assets 1,704 1,921
Total fair value of assets acquired in acquisition of Whitehall Branch, net of cash 3,819 0
Total fair value of liabilities assumed in acquisition of Whitehall Branch, net of cash $ 37,683 $ 0