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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net income $ 19,168,000 $ 30,059,000 $ 34,904,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of intangible assets 739,000 780,000 680,000
Net amortization of premium/discount on investment securities 3,591,000 4,473,000 6,275,000
Depreciation 5,248,000 4,189,000 4,021,000
Losses (gains) on sales of securities 45,000 173,000 (15,000)
Share-based compensation expense 3,167,000 4,139,000 6,732,000
Provision for (release of) credit losses 447,000 (550,000) 1,350,000
Deferred income tax benefit (1,046,000) (284,000) (1,163,000)
Increase (decrease) in current income tax liability 854,000 (1,481,000) 724,000
FASB ASC 715 pension adjustment, net of tax 5,191,000 2,550,000 1,504,000
Increase in accounts receivable (3,336,000) (3,841,000) (2,520,000)
Other operating activities, net 4,881,000 (3,271,000) (884,000)
Net cash provided by operating activities 38,949,000 36,936,000 51,608,000
Cash Flows From Investing Activities:      
Proceeds from sales of securities available-for-sale 60,126,000 111,583,000 3,838,000
Proceeds from maturities of securities available-for-sale 153,192,000 39,233,000 61,209,000
Purchases of securities available-for-sale (119,744,000) (15,332,000) (232,083,000)
Net (increase) decrease in loans (67,671,000) 68,588,000 (122,326,000)
Purchase of bank-owned life insurance 0 0 (4,000,000)
(Increase) decrease in payments in advance of funding (9,669,000) 94,914,000 (2,348,000)
Purchases of premises and equipment, net (9,329,000) (14,324,000) (5,866,000)
Asset acquisition (2,954,000) 0 (4,814,000)
Net cash provided by (used in) investing activities 3,951,000 284,662,000 (306,390,000)
Cash Flows From Financing Activities:      
Net (decrease) increase in noninterest-bearing demand deposits (273,129,000) (118,398,000) 60,115,000
Net increase (decrease) in interest-bearing demand and savings deposits 95,489,000 (34,106,000) (17,838,000)
Net increase (decrease) in time deposits 4,742,000 36,101,000 (6,563,000)
Net decrease (increase) in accounts and drafts receivable from customers 54,746,000 (14,872,000) (90,787,000)
Net increase in accounts and drafts payable 77,907,000 3,769,000 17,204,000
Cash dividends paid (16,463,000) (15,959,000) (15,442,000)
Purchase of common shares for treasury (7,248,000) (5,773,000) (5,299,000)
Other financing activities, net (1,684,000) (834,000) (594,000)
Net cash used in financing activities (65,640,000) (150,072,000) (59,204,000)
Net (decrease) increase in cash and cash equivalents (22,740,000) 171,526,000 (313,986,000)
Cash and cash equivalents at beginning of year 372,468,000 200,942,000 514,928,000
Cash and cash equivalents at end of year 349,728,000 372,468,000 200,942,000
Supplemental cash flow information:      
Cash paid for interest 20,227,000 15,697,000 3,431,000
Cash paid for income taxes 5,509,000 9,300,000 8,396,000
Asset Acquisition, Consideration Transferred, Contingent Consideration $ 3,500,000 $ 0 $ 0