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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:      
Net income $ 34,904,000 $ 28,604,000 $ 25,176,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of intangible assets 680,000 859,000 859,000
Net amortization of premium/discount on investment securities 6,275,000 7,328,000 5,939,000
Depreciation 4,021,000 4,313,000 4,471,000
Gains on sales of securities (15,000) (51,000) (1,075,000)
Stock-based compensation expense 6,732,000 2,859,000 2,267,000
Provision for (release of) credit losses 1,350,000 (130,000) 810,000
Deferred income tax benefit (1,163,000) (698,000) (874,000)
Increase in current income tax liability 724,000 206,000 1,237,000
(Decrease) increase in pension liability (2,484,000) (1,811,000) 4,423,000
(Increase) decrease in accounts receivable (2,520,000) (602,000) 756,000
Other operating activities, net 3,104,000 (6,330,000) 3,792,000
Net cash provided by operating activities 51,608,000 34,547,000 47,781,000
Cash Flows From Investing Activities:      
Proceeds from sales of securities available-for-sale 3,838,000 63,774,000 21,943,000
Proceeds from maturities of securities available-for-sale 61,209,000 96,951,000 63,789,000
Purchases of securities available-for-sale (232,083,000) (494,226,000) (20,043,000)
Net increase in loans (122,326,000) (68,664,000) (119,183,000)
Purchase of bank-owned life insurance (4,000,000) (25,119,000) 0
(Increase) decrease in payments in advance of funding (2,348,000) (96,864,000) 11,595,000
Purchases of premises and equipment, net (5,866,000) (4,369,000) (2,001,000)
Asset acquisition of TouchPoint (4,814,000) 0 0
Net cash used in investing activities (306,390,000) (528,517,000) (43,900,000)
Cash Flows From Financing Activities:      
Net increase in noninterest-bearing demand deposits 60,115,000 89,138,000 142,413,000
Net (decrease) increase in interest-bearing demand and savings deposits (17,838,000) 90,310,000 166,289,000
Net decrease in time deposits (6,563,000) (8,801,000) (14,982,000)
Net (increase) decrease in accounts and drafts receivable from customers (90,787,000) 6,000 59,404,000
Net increase in accounts and drafts payable 17,204,000 215,010,000 151,091,000
Net decrease in short-term borrowings 0 0 (18,000,000)
Cash dividends paid (15,442,000) (15,446,000) (15,599,000)
Purchase of common shares for treasury (5,299,000) (30,997,000) (6,825,000)
Other financing activities, net (594,000) (850,000) (1,098,000)
Net cash (used in) provided by financing activities (59,204,000) 338,370,000 462,693,000
Net (decrease) increase in cash and cash equivalents (313,986,000) (155,600,000) 466,574,000
Cash and cash equivalents at beginning of year 514,928,000 670,528,000 203,954,000
Cash and cash equivalents at end of year 200,942,000 514,928,000 670,528,000
Supplemental information:      
Cash paid for interest 3,431,000 1,194,000 2,426,000
Cash paid for income taxes $ 8,396,000 $ 5,637,000 $ 4,732,000