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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net income $ 24,033 $ 23,211
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,103 8,524
Net (gains) losses on sales of securities (19) 42
Stock-based compensation expense 2,286 2,238
Provision for loan losses 250
(Decrease) increase in income tax liability (1,384) 773
Increase in pension liability 3,888 3,688
(Increase) decrease in accounts receivable (399) 4,027
Other operating activities, net 3,016 (3,707)
Net cash provided by operating activities 39,774 38,796
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 4,648 58,520
Proceeds from maturities of securities available-for-sale 18,001 26,041
Purchase of securities available-for-sale (78,772)
Net increase in loans (45,763) (39,993)
Increase in payments in excess of funding (47,448) (21,977)
Purchases of premises and equipment, net (1,877) (3,956)
Acquisition of Gateway Giving, LLC (3,000)
Net cash used in investing activities (75,439) (60,137)
Cash Flows From Financing Activities:    
Net decrease in noninterest-bearing demand deposits (2,563) (11,146)
Net decrease in interest-bearing demand and savings deposits (10,485) (35,988)
Net increase in time deposits 2,355 3,771
Net increase in accounts and drafts payable 57,772 27,849
Cash dividends paid (11,317) (9,342)
Purchase of common shares for treasury (7,799) (1,409)
Other financing activities, net (493) (457)
Net cash provided by (used in) by financing activities 27,470 (26,722)
Net decrease in cash and cash equivalents (8,195) (48,063)
Cash and cash equivalents at beginning of period 230,933 228,110
Cash and cash equivalents at end of period 222,738 180,047
Supplemental information:    
Cash paid for interest 3,831 2,459
Cash paid for income taxes $ 6,648 $ 3,776