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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,547 $ 15,229
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (31) (426)
Gain on sales of foreclosed assets held for resale, including writedowns (314) 0
Earnings on investment in bank-owned life insurance (926) (690)
Loss on sales or calls of securities 739 0
(Gain) Loss on equity securities (5) 257
Restricted stock compensation expense 317 243
Depreciation and amortization 1,734 1,834
Provision for credit losses and provision for unfunded commitments 221 0
Net amortization of investment securities premiums 936 1,140
Decrease (Increase) in accrued interest receivable 213 (518)
Increase (Decrease) in accrued interest payable 240 (56)
Mortgage loans originated for sale (21,023) (23,470)
Proceeds from sales of loans originated for sale 21,177 25,644
Decrease (Increase) in other assets 454 (4,442)
(Increase) Decrease in deferred tax expense (852) 1,243
Increase in other liabilities 3,046 426
Net Cash Provided by Operating Activities 24,473 16,414
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from calls/maturities of investment securities held to maturity 416 1,907
Proceeds from calls/maturities of investment securities available for sale 19,246 27,950
Proceeds from sales of investment securities available for sale 78,624 0
Proceeds from sales of equity securities 591 0
Purchase of investment securities available for sale 0 (204,874)
Purchase of investment securities held to maturity 0 (22,204)
(Purchase) Redemption of restricted investment in bank stocks (3,248) 654
Net increase in loans (36,509) (41,455)
Acquisition of insurance agency 0 (7,800)
Capital expenditures (106) (720)
Proceeds from sales of premises and equipment 0 1,093
Proceeds from sales of foreclosed real estate and assets held for sale 2,296 0
Net Cash Provided by (Used in) Investing Activities 61,310 (245,449)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in demand deposits (25,320) (39,461)
Net decrease in time certificates of deposits and interest bearing deposits (209,901) (23,155)
Net increase (decrease) in short-term borrowings 9,749 (6,243)
Proceeds from long-term borrowings 60,000 1,500
Repayments on long-term borrowings 0 (11,550)
Dividends paid (4,773) (4,521)
Common stock repurchased (29) (2,905)
Common stock issued 373 853
Net Cash Used in Financing Activities (169,901) (85,482)
Net Decrease in Cash and Cash Equivalents (84,118) (314,517)
CASH AND CASH EQUIVALENTS — BEGINNING 168,161 710,131
CASH AND CASH EQUIVALENTS — ENDING 84,043 395,614
Supplemental disclosures of cash flow information    
Interest paid 1,800 1,972
Income taxes paid 4,800 2,450
Non-cash investing activities    
Investments transferred from available for sale to held to maturity $ 0 $ 39,683