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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 25,619 $ 20,902
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,311 9,340
Gains on sales of securities (15) (44)
Stock-based compensation expense 4,479 2,585
Provision for (release of) credit losses 850 (870)
Decrease in deferred income tax asset 0 22
Increase in current income tax liability 641 79
Decrease in pension liability (1,877) (1,252)
Increase in accounts receivable (2,540) (628)
Other operating activities, net 5,331 546
Net cash provided by operating activities 40,799 30,680
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 3,838 43,190
Proceeds from maturities of securities available-for-sale 45,740 83,265
Purchase of securities available-for-sale (231,891) (322,336)
Net (increase) decrease in loans (76,521) 19,229
Purchase of bank-owned life insurance (4,538) (24,868)
Asset acquisition of Touchpoint (4,425) 0
Decrease (increase) in payments in advance of funding 22,206 (71,816)
Purchases of premises and equipment, net (4,270) (2,697)
Net cash used in investing activities (249,861) (276,033)
Net decrease in noninterest-bearing demand deposits (911) (26,184)
Cash Flows From Financing Activities:    
Net decrease in noninterest-bearing demand deposits (911) (26,184)
Net increase in interest-bearing demand and savings deposits 20,672 67,930
Net decrease in time deposits (11,543) (5,285)
Net change in accounts and drafts payable and other customer receivables 50,239 70,099
Cash dividends paid (11,478) (11,576)
Purchase of common shares for treasury (5,299) (18,975)
Other financing activities, net (552) (875)
Net cash provided by financing activities 41,128 75,134
Net decrease in cash and cash equivalents (167,934) (170,219)
Cash and cash equivalents at beginning of period 514,928 670,528
Cash and cash equivalents at end of period 346,994 500,309
Supplemental information:    
Cash paid for interest 1,314 885
Cash paid for income taxes $ 5,531 $ 4,176