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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities:    
Net income $ 12,820 $ 11,702
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,471 4,613
Net gains on sales of securities (387)
Stock-based compensation expense 1,097 985
Provision for loan losses (1,000)
Decrease in income tax benefit 16
Increase in income tax liability 748 1,325
Increase in pension liability 2,310 2,010
Other operating activities, net (978) (1,512)
Net cash provided by operating activities 21,468 17,752
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 0 21,491
Proceeds from maturities of securities available-for-sale 25,694 19,609
Purchase of securities available-for-sale (62,279) (28,053)
Net increase in loans (6,796) (39,042)
Increase in payments in excess of funding (6,088) (11,674)
Purchases of premises and equipment, net (1,935) (2,631)
Net cash used in investing activities (51,404) (40,300)
Cash Flows From Financing Activities:    
Net (decrease) increase in noninterest-bearing demand deposits (12,714) 13,813
Net decrease in interest-bearing demand and savings deposits (1,077) (27,575)
Net decrease in time deposits (3,131) (1,728)
Net increase in accounts and drafts payable 87,116 73,729
Cash dividends paid (5,151) (4,947)
Purchase of common shares for treasury (9,217)
Other financing activities, net (790) (566)
Net cash provided by financing activities 64,253 43,509
Net increase in cash and cash equivalents 34,317 20,961
Cash and cash equivalents at beginning of period 266,743 253,172
Cash and cash equivalents at end of period 301,060 274,133
Supplemental information:    
Cash paid for interest 956 1,009
Cash paid for income taxes $ 3,152 $ 2,787