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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net income $ 12,984 $ 15,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,564 5,366
Gains on sales of securities (1,069) (19)
Stock-based compensation expense 1,478 1,417
Provision for loan losses 725 250
Decrease (increase) in income tax liability 593 (1,054)
Increase in pension liability 2,167 2,590
Decrease (increase) in accounts receivable 1,472 (1,351)
Other operating activities, net 8,741 3,327
Net cash provided by operating activities 32,655 26,373
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 19,629 4,648
Proceeds from maturities of securities available-for-sale 27,130 10,161
Net increase in loans (191,077) (68,934)
Decrease (increase) in payments in excess of funding 43,948 (13,571)
Purchases of premises and equipment, net (1,383) (1,202)
Net cash used in investing activities (101,753) (68,898)
Cash Flows From Financing Activities:    
Net decrease in noninterest-bearing demand deposits (7,524) (54,176)
Net increase (decrease) in interest-bearing demand and savings deposits 79,066 (32,058)
Net (decrease) increase in time deposits (2,721) 937
Net increase in accounts and drafts payable 60,966 96,033
Net decrease in short-term borrowings (18,000)
Cash dividends paid (7,811) (7,548)
Purchase of common shares for treasury (5,508) (7,799)
Other financing activities, net (1,185) (284)
Net cash provided by (used in) financing activities 97,283 (4,895)
Net increase (decrease) in cash and cash equivalents 28,185 (47,420)
Cash and cash equivalents at beginning of period 203,954 230,933
Cash and cash equivalents at end of period 232,139 183,513
Supplemental information:    
Cash paid for interest 1,429 2,496
Cash paid for income taxes $ 2,219 $ 4,545