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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,640 $ 16,459
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (417) (404)
(Gain) loss on sales of foreclosed assets held for resale, including writedowns (87) 1
Earnings on investment in bank-owned life insurance (869) (807)
Gain on sales or calls of securities 0 (44)
(Gain) loss on equity securities (193) 50
Restricted stock compensation expense 322 186
Depreciation and amortization 2,037 2,122
Provision for loan losses 425 770
Net amortization of investment securities premiums 251 357
Decrease (increase) in accrued interest receivable 33 (1,067)
Increase in accrued interest payable 1,084 243
Mortgage loans originated for sale (14,929) (25,244)
Proceeds from sales of loans originated for sale 12,744 26,272
Decrease in other assets 1,730 724
(Increase) decrease in deferred tax expense (2,172) 398
Increase in other liabilities 1,148 1,471
Net Cash Provided by Operating Activities 19,747 21,487
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities held to maturity 4,823 11,307
Proceeds from maturities of investment securities available for sale 12,644 12,471
Proceeds from sales of investment securities available for sale 0 6,477
Purchase of investment securities available for sale (32,079) (27,746)
Purchase of equity securities (500) 0
Redemption of restricted investment in bank stocks 431 244
Net decrease (increase) in loans 13,667 (29,843)
Purchase of bank-owned life insurance (1,500) (500)
Insurance book- acquisition (640) (600)
Capital expenditures (605) (904)
Proceeds from sales of premises and equipment 33 0
Proceeds from sales of foreclosed real estate 290 607
Net Cash Used in Investing Activities (3,436) (28,487)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits 20,200 12,976
Net increase in time certificates of deposits and interest bearing deposits 49,318 35,775
Net increase in short-term borrowings 6,861 1,617
Proceeds from long-term borrowings 7,000 9,716
Repayments on long-term borrowings (18,448) (19,591)
Dividends paid (5,151) (4,642)
Common stock issued 719 404
Net Cash Provided by Financing Activities 60,499 36,255
Net Increase in Cash and Cash Equivalents 76,810 29,255
CASH AND CASH EQUIVALENTS — BEGINNING 40,905 34,441
CASH AND CASH EQUIVALENTS — ENDING 117,715 63,696
Supplemental disclosures of cash flow information    
Interest paid 6,273 5,092
Income taxes paid 3,400 3,150
Loans transferred to foreclosed assets held for resale and other foreclosed transactions $ 48 $ 235