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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:      
Net income $ 30,059,000 $ 34,904,000 $ 28,604,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of intangible assets 780,000 680,000 859,000
Net amortization of premium/discount on investment securities 4,473,000 6,275,000 7,328,000
Depreciation 4,189,000 4,021,000 4,313,000
Losses (gains) on sales of securities 173,000 (15,000) (51,000)
Stock-based compensation expense 4,139,000 6,732,000 2,859,000
(Release of) provision for credit losses (550,000) 1,350,000 (130,000)
Deferred income tax benefit (284,000) (1,163,000) (698,000)
(Decrease) increase in current income tax liability (1,481,000) 724,000 206,000
Increase (decrease) in pension liability 806,000 (2,484,000) (1,811,000)
Increase in accounts receivable (3,841,000) (2,520,000) (602,000)
Other operating activities, net (1,527,000) 3,104,000 (6,330,000)
Net cash provided by operating activities 36,936,000 51,608,000 34,547,000
Cash Flows From Investing Activities:      
Proceeds from sales of securities available-for-sale 111,583,000 3,838,000 63,774,000
Proceeds from maturities of securities available-for-sale 39,233,000 61,209,000 96,951,000
Purchases of securities available-for-sale (15,332,000) (232,083,000) (494,226,000)
Net decrease (increase) in loans 68,588,000 (122,326,000) (68,664,000)
Purchase of bank-owned life insurance 0 (4,000,000) (25,119,000)
Decrease (increase) in payments in advance of funding 94,914,000 (2,348,000) (96,864,000)
Purchases of premises and equipment, net (14,324,000) (5,866,000) (4,369,000)
Asset acquisition of TouchPoint 0 (4,814,000) 0
Net cash provided by (used in) investing activities 284,662,000 (306,390,000) (528,517,000)
Cash Flows From Financing Activities:      
Net (decrease) increase in noninterest-bearing demand deposits (118,398,000) 60,115,000 89,138,000
Net (decrease) increase in interest-bearing demand and savings deposits (34,106,000) (17,838,000) 90,310,000
Net increase (decrease) in time deposits 36,101,000 (6,563,000) (8,801,000)
Net (increase) decrease in accounts and drafts receivable from customers (14,872,000) (90,787,000) 6,000
Net increase in accounts and drafts payable 3,769,000 17,204,000 215,010,000
Cash dividends paid (15,959,000) (15,442,000) (15,446,000)
Purchase of common shares for treasury (5,773,000) (5,299,000) (30,997,000)
Other financing activities, net (834,000) (594,000) (850,000)
Net cash (used in) provided by financing activities (150,072,000) (59,204,000) 338,370,000
Net increase (decrease) in cash and cash equivalents 171,526,000 (313,986,000) (155,600,000)
Cash and cash equivalents at beginning of year 200,942,000 514,928,000 670,528,000
Cash and cash equivalents at end of year 372,468,000 200,942,000 514,928,000
Supplemental information:      
Cash paid for interest 15,697,000 3,431,000 1,194,000
Cash paid for income taxes $ 9,300,000 $ 8,396,000 $ 5,637,000