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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 30,342,000 $ 29,523,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization, net 2,087,000 1,916,000
Provision for (Recovery of) credit losses 0 (180,000)
Depreciation of premises and equipment 1,050,000 1,072,000
Deferred income tax expense 1,645,000 984,000
Net periodic pension (benefit) cost (24,000) 15,000
Losses on sale of investment securities, net (5,000) (153,000)
Stock-compensation expense 719,000 1,100,000
Excess tax expense from stock-compensation 345,000 42,000
Increase in value of bank-owned life insurance (1,153,000) (976,000)
Loans originated for sale (2,876,000) (3,018,000)
Proceeds from the sale of loans originated for sale 2,623,000 3,035,000
Gain on sale of loans (37,000) (17,000)
Change in accrued interest receivable (953,000) (1,469,000)
Change in other assets (14,884,000) 1,364,000
Change in other liabilities 12,625,000 (1,376,000)
Net Cash Provided by Operating Activities 31,514,000 32,168,000
Investing Activities    
Net (increase) decrease in loans (10,196,000) 34,018,000
Purchases 19,668,000 49,304,000
Proceeds from maturities and calls 45,529,000 24,201,000
Purchases (25,000) (9,000)
Proceeds from sales 14,000 142,000
Purchases of premises and equipment (253,000) (596,000)
Proceeds from the disposals of premises and equipment 46,000 47,000
Proceeds from bank-owned life insurance policies (1,000) 223,000
Payments for low income housing tax credits (2,788,000) (5,771,000)
Net Cash Provided by Investing Activities 12,658,000 2,951,000
Financing Activities    
Net increase in non-interest-bearing deposits 21,421,000 16,268,000
Net increase in interest-bearing deposits 92,905,000 105,334,000
Net increase (decrease) in short-term borrowings 22,074,000 (29,915,000)
Proceeds from long-term debt 0 50,000,000
Purchases of treasury stock (9,464,000) (3,653,000)
Proceeds from exercise of stock options 0 58,000
Lease payments (186,000) (202,000)
Dividends paid (11,606,000) (10,603,000)
Net Cash Provided by Financing Activities 115,144,000 127,287,000
Increase in Cash and Cash Equivalents 159,316,000 162,406,000
Cash and cash equivalents at beginning of period 225,389,000 156,276,000
Cash and Cash Equivalents at End of Period 384,705,000 318,682,000
Supplemental Cash Flow Information:    
Cash paid for interest 22,200,000 17,929,000
Cash paid for income taxes $ 0 $ 2,510,000