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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net income $ 8,163 $ 8,092
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,699 3,018
Net gains on sales of securities (11) (13)
Stock-based compensation expense 857 638
Provision for loan losses 250
Increase in income tax liability 1,717 1,352
Increase in pension liability 1,295 1,231
(Increase) decrease in accounts receivable (485) 6,410
Other operating activities, net 1,950 (2,569)
Net cash provided by operating activities 16,435 18,159
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 1,101 9,543
Proceeds from maturities of securities available-for-sale 4,824 11,030
Purchase of securities available-for-sale (16,752)
Net increase in loans (29,711) (15,764)
Increase in payments in excess of funding (2,176) (18,454)
Purchases of premises and equipment, net (646) (1,387)
Net cash used in investing activities (26,608) (31,784)
Cash Flows From Financing Activities:    
Net decrease in noninterest-bearing demand deposits (42,080) (23,626)
Net decrease in interest-bearing demand and savings deposits (26,095) (15,149)
Net increase (decrease) in time deposits 1,681 (69)
Net increase in accounts and drafts payable 39,892 27,825
Cash dividends paid (3,776) (2,948)
Purchase of common shares for treasury (5,701) (529)
Other financing activities, net (327) (407)
Net cash used in financing activities (36,406) (14,903)
Net decrease in cash and cash equivalents (46,579) (28,528)
Cash and cash equivalents at beginning of period 230,933 228,110
Cash and cash equivalents at end of period 184,354 199,582
Supplemental information:    
Cash paid for interest 1,224 667
Cash paid for income taxes $ 8 $ 263