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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities:    
Net income $ 7,545 $ 8,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,790 2,699
Gains on sales of securities (1,069) (11)
Stock-based compensation expense 722 857
Provision for loan losses 325 250
Increase in income tax liability 1,512 1,717
Increase in pension liability 1,079 1,295
Increase in accounts receivable (105) (485)
Other operating activities, net 5,361 1,950
Net cash provided by operating activities 18,160 16,435
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 19,629 1,101
Proceeds from maturities of securities available-for-sale 14,148 4,824
Net increase in loans (82,134) (29,711)
Increase in payments in excess of funding (2,687) (2,176)
Purchases of premises and equipment, net (331) (646)
Net cash used in investing activities (51,375) (26,608)
Cash Flows From Financing Activities:    
Net decrease in noninterest-bearing demand deposits (62,865) (42,080)
Net increase (decrease) in interest-bearing demand and savings deposits 31,761 (26,095)
Net increase in time deposits 575 1,681
Net increase in accounts and drafts payable 51,639 39,892
Net decrease in short-term borrowings (18,000)  
Cash dividends paid (3,918) (3,776)
Purchase of common shares for treasury (5,508) (5,701)
Other financing activities, net (1,229) (327)
Net cash used in financing activities (7,545) (36,406)
Net decrease in cash and cash equivalents (40,760) (46,579)
Cash and cash equivalents at beginning of period 203,954 230,933
Cash and cash equivalents at end of period 163,194 184,354
Supplemental information:    
Cash paid for interest 964 1,224
Cash paid for income taxes $ 142 $ 8