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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 16,820 $ 14,097
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,647 6,167
Gains on sales of securities (2) (45)
Stock-based compensation expense 3,172 1,519
Provision for (release of) credit losses 300 (1,210)
Decrease in deferred income tax asset 0 22
Increase (decrease) in current income tax liability 634 (88)
Decrease in pension liability (1,274) (294)
Increase in accounts receivable (1,805) (1,131)
Other operating activities, net 7,570 2,722
Net cash provided by operating activities 31,062 21,759
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 1,521 13,116
Proceeds from maturities of securities available-for-sale 30,357 70,209
Purchase of securities available-for-sale (162,853) (238,831)
Net decrease in loans 1,092 21,093
Purchase of bank-owned life insurance (4,259) 0
Asset acquisition of Touchpoint (4,425) 0
(Increase) decrease in payments in advance of funding (21,745) 10,301
Purchases of premises and equipment, net (3,393) (1,886)
Net cash used in investing activities (163,705) (125,998)
Cash Flows From Financing Activities:    
Net increase (decrease) in noninterest-bearing demand deposits 21,850 (71,130)
Net (decrease) increase in interest-bearing demand and savings deposits (48,982) 40,759
Net decrease in time deposits (4,796) (4,542)
Net (decrease) increase in accounts and drafts payable (75,665) 104,184
Cash dividends paid (7,654) (7,761)
Purchase of common shares for treasury (5,299) (5,260)
Other financing activities, net (505) (958)
Net cash (used in) provided by financing activities (121,051) 55,292
Net decrease in cash and cash equivalents (253,694) (48,947)
Cash and cash equivalents at beginning of period 514,928 670,528
Cash and cash equivalents at end of period 261,234 621,581
Supplemental information:    
Cash paid for interest 549 608
Cash paid for income taxes $ 2,609 $ 3,164