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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 14,097 $ 12,984
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,167 5,564
Gains on sales of securities (45) (1,069)
Stock-based compensation expense 1,519 1,478
(Release of) provision for credit losses / loan losses (1,210) 725
Decrease in income tax benefit 22 1
(Decrease) increase in income tax liability (88) 592
(Decrease) increase in pension liability (294) 2,167
(Increase) decrease in accounts receivable (1,131) 1,472
Other operating activities, net 2,722 8,741
Net cash provided by operating activities 21,759 32,655
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 13,116 19,629
Proceeds from maturities of securities available-for-sale 70,209 27,130
Purchase of securities available-for-sale (238,831)  
Net decrease (increase) in loans 21,093 (191,077)
Decrease in payments in excess of funding 10,301 43,948
Purchases of premises and equipment, net (1,886) (1,383)
Net cash used in investing activities (125,998) (101,753)
Cash Flows From Financing Activities:    
Net decrease in noninterest-bearing demand deposits (71,130) (7,524)
Net increase in interest-bearing demand and savings deposits 40,759 79,066
Net decrease in time deposits (4,542) (2,721)
Net increase in accounts and drafts payable 104,184 60,966
Net decrease in short-term borrowings (18,000)
Cash dividends paid (7,761) (7,811)
Purchase of common shares for treasury (5,260) (5,508)
Other financing activities, net (958) (1,185)
Net cash provided by financing activities 55,292 97,283
Net (decrease) increase in cash and cash equivalents (48,947) 28,185
Cash and cash equivalents at beginning of period 670,528 203,954
Cash and cash equivalents at end of period 621,581 232,139
Supplemental information:    
Cash paid for interest 608 1,429
Cash paid for income taxes $ 3,164 $ 2,219