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Cash and Cash Equivalents | 3 Months Ended
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Mar. 31, 2023
Cash and Cash Equivalents [Abstract] |
Cash and Cash Equivalents | ASH AND CASH EQUIVALENTS (In Thousands)
The following table is the schedule of Cash and Cash Equivalents at March 31, 2023, December 31, 2022 and March 31, 2022:
| March 31, 2023 |  | December 31, 2022 |  | March 31, 2022
Cash and Due From Banks | $ | 25,107 |  |  | $ | 31,886 |  |  | $ | 38,964 |
Interest Bearing Deposits at Banks | 178,365 |  |  | 32,774 |  |  | 448,614 |
Total Cash and Cash Equivalents | $ | 203,472 |  |  | 64,660 |  |  | 487,578 |
The decline in cash from March 31, 2022 to December 31, 2022 was primarily the result of record loan growth in 2022 and a decrease in deposits in the fourth quarter of 2022. The increase in cash in the first quarter of 2023 was primarily due to an increase of deposits and $80 million of additional FHLB term advances to enhance the Company's liquidity position in light of recent industry events.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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