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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income $ 21,342,000 $ 19,814,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and (accretion), net 3,538,000 1,990,000
Recovery of credit losses (756,000) (440,000)
Depreciation of premises and equipment 1,390,000 1,440,000
Deferred income tax expense 880,000 427,000
Net periodic employee benefit cost 64,000 158,000
Pension contributions 0 (1,000,000)
Gains on sale of investment securities, net (723,000) 232,000
Stock-compensation expense 971,000 1,153,000
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit 3,000 56,000
Increase in value of bank-owned life insurance (2,014,000) (1,460,000)
Loans originated for sale (15,093,000) (4,682,000)
Proceeds from the sale of loans originated for sale 15,090,000 4,733,000
Gain on sale of loans (128,000) (51,000)
Change in accrued interest receivable (474,000) (438,000)
Change in other assets (1,828,000) 1,318,000
Change in other liabilities 4,577,000 (3,273,000)
Net Cash Provided by Operating Activities 28,279,000 19,401,000
Investing Activities    
Net (increase) decrease in loans (15,695,000) 75,822,000
Purchases 157,888,000 66,424,000
Proceeds from maturities and calls 69,476,000 49,368,000
Purchases (21,000) (24,000)
Proceeds from sales 45,000 452,000
Purchases of premises and equipment (401,000) (1,048,000)
Proceeds from the disposals of premises and equipment 64,000 0
Proceeds from bank-owned life insurance policies 2,514,000 1,723,000
Payments for low income housing tax credits (489,000) (1,218,000)
Net Cash (Used in) Provided by Investing Activities (102,395,000) 58,651,000
Financing Activities    
Net (decrease) increase in non-interest-bearing deposits (15,859,000) 67,185,000
Net increase in interest-bearing deposits 89,389,000 77,482,000
Net (decrease) increase in short-term borrowings (23,975,000) 20,047,000
Purchases of treasury stock (2,984,000) (5,762,000)
Proceeds from exercise of stock options 0 385,000
Dividends paid (9,038,000) (9,249,000)
Net Cash Provided by Financing Activities 37,533,000 150,088,000
(Decrease) Increase in Cash and Cash Equivalents (36,583,000) 228,140,000
Cash and cash equivalents at beginning of period 634,631,000 528,659,000
Cash and Cash Equivalents at End of Period 598,048,000 756,799,000
Supplemental Cash Flow Information:    
Cash paid for interest 1,772,000 3,863,000
Cash paid for income taxes $ 0 $ 0