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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 17,089 $ 14,083
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,024 1,063
Amortization of right-of-use asset 1,608 1,573
Net gain on sale of other real estate owned (73) 0
Writedown of other real estate owned 0 121
(Credit) provision for credit losses (200) 350
Deferred tax expense 744 1,152
Net amortization of securities 697 1,081
Net gain on sale of bank premises and equipment (314) (4)
Decrease in taxes receivable 489 101
Decrease in interest receivable 202 392
Decrease in interest payable (32) (164)
Increase in other assets (2,601) (3,160)
Decrease in operating lease liabilities (1,713) (1,637)
Decrease in accrued expenses and other liabilities (5,943) (6,221)
Total adjustments (6,112) (5,353)
Net cash provided by operating activities 10,977 8,730
Cash flows from investing activities:    
Proceeds from sales, paydowns and calls of securities available for sale 17,923 36,820
Proceeds from paydowns of held to maturity securities 716 1,061
Purchases of securities available for sale (34,097) (132,456)
Proceeds from maturities of securities available for sale 5,000 55
Net increase in loans (25,516) (24,656)
Proceeds from dispositions of other real estate owned 166 0
Proceeds from dispositions of bank premises and equipment 469 4
Purchases of bank premises and equipment (796) (663)
Net cash used in investing activities (36,135) (119,835)
Cash flows from financing activities:    
Net increase in deposits 81,887 135,729
Net increase in short-term borrowings 3,685 15,195
Proceeds from exercise of stock options 0 71
Purchases of treasury stock (609) (45)
Dividends paid (6,727) (6,571)
Net cash provided by financing activities 78,236 144,379
Net increase in cash and cash equivalents 53,078 33,274
Cash and cash equivalents at beginning of period 1,219,470 1,107,099
Cash and cash equivalents at end of period 1,272,548 1,140,373
Cash paid during the year for:    
Interest paid 1,226 2,552
Income taxes paid 5,090 4,661
Other non cash items:    
Change in unrealized (loss) gain on securities available for sale-gross of deferred taxes (19,225) (6,018)
Change in deferred tax effect on unrealized loss (gain) on securities available for sale 4,974 1,557
Amortization of net actuarial gain and prior service cost (credit) on pension and postretirement plans (358) (280)
Change in deferred tax effect of amortization of net actuarial gain postretirement benefit plans 93 73
Security purchase settled in subsequent period (10,000) 0
Impact to retained earnings from adoption of ASC 326, net of tax $ (3,470) $ 0