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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:      
Net income $ 30,404 $ 30,268 $ 25,014
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 10,939 11,238 11,341
Net (gains) losses on sales of securities (19) 42
Stock-based compensation expense 3,144 3,006 2,339
Provision for loan losses 250
Deferred income tax expense (benefit) 1,247 (3,521) 3,997
(Decrease) increase in current income tax liability (1,838) 3,746 (3,026)
(Decrease) increase in pension liability (1,370) 4,641 8,008
Decrease (increase) in accounts receivable 988 4,709 (4,656)
Other operating activities, net (4,359) (5,794) (4,127)
Net cash provided by operating activities 42,126 48,335 38,890
Cash Flows From Investing Activities:      
Proceeds from sales of securities available-for-sale 4,648 58,520
Proceeds from maturities of securities available-for-sale 21,502 38,116 44,156
Purchase of securities available-for-sale   (82,022) (124,777)
Net increase in loans (50,970) (35,336) (21,335)
Increase in payments in excess of funding (45,381) (21,674) (33,756)
Purchases of premises and equipment, net (2,723) (4,399) (4,127)
Asset acquisition of Gateway Giving, LLC (2,833)
Net cash used in investing activities (75,757) (46,795) (139,839)
Cash Flows From Financing Activities:      
Net increase in noninterest-bearing demand deposits 37,833 31,717 66,885
Net decrease in interest-bearing demand and savings deposits (1,133) (7,838) (7,472)
Net (decrease) increase in time deposits (1,490) 19,959 (3,286)
Net (decrease) increase in accounts and drafts payable (22,400) (19,595) 19,601
Net increase in short-term borrowings 18,000
Cash dividends paid (15,234) (13,177) (10,675)
Purchase of common shares for treasury (7,799) (8,838) (2,270)
Other financing activities, net (1,125) (945) (467)
Net cash provided by financing activities 6,652 1,283 62,316
Net (decrease) increase in cash and cash equivalents (26,979) 2,823 (38,633)
Cash and cash equivalents at beginning of year 230,933 228,110 266,743
Cash and cash equivalents at end of year 203,954 230,933 228,110
Supplemental information:      
Cash paid for interest 5,181 3,701 2,178
Cash paid for income taxes $ 7,604 $ 6,723 $ 7,677