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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities:      
Net income $ 30,268 $ 25,014 $ 24,348
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 11,238 11,341 9,429
Net losses (gains) on sales of securities 42 (387)
Stock-based compensation expense 3,006 2,339 1,959
Provision for loan losses (1,500)
Deferred income tax (benefit) expense (3,521) 3,997 319
Increase (decrease) in current income tax liability 3,746 (3,026) 357
Increase in pension liability 4,641 8,008 4,137
Decrease (increase) in accounts receivable 4,709 (4,656) (4,070)
Other operating activities, net (5,794) (4,127) 597
Net cash provided by operating activities 48,335 38,890 35,189
Cash Flows From Investing Activities:      
Proceeds from sales of securities available-for-sale 58,520 21,491
Proceeds from maturities of securities available-for-sale 38,116 44,156 43,524
Purchase of securities available-for-sale (82,022) (124,777) (96,290)
Net increase in loans (35,336) (21,335) (5,771)
(Increase) decrease in payments in excess of funding (21,674) (33,756) 179
Purchases of premises and equipment, net (4,399) (4,127) (4,684)
Net cash used in investing activities (46,795) (139,839) (41,551)
Cash Flows From Financing Activities:      
Net increase in noninterest-bearing demand deposits 31,717 66,885 32,833
Net decrease in interest-bearing demand and savings deposits (7,838) (7,472) (51,440)
Net increase (decrease) in time deposits 19,959 (3,286) (5,916)
Net (decrease) increase in accounts and drafts payable (19,595) 19,601 65,028
Cash dividends paid (13,177) (10,675) (9,979)
Purchase of common shares for treasury (8,838) (2,270) (9,215)
Other financing activities, net (945) (467) (1,378)
Net cash provided by financing activities 1,283 62,316 19,933
Net increase (decrease) in cash and cash equivalents 2,823 (38,633) 13,571
Cash and cash equivalents at beginning of year 228,110 266,743 253,172
Cash and cash equivalents at end of year 230,933 228,110 266,743
Supplemental information:      
Cash paid for interest 3,701 2,178 2,017
Cash paid for income taxes $ 6,723 $ 7,677 $ 7,061