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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net income $ 7,117 $ 8,258
Amortization of intangible assets 195 135
Adjustments to reconcile net income to net cash provided by operating activities:    
Gains on sales of securities (39) 0
Stock-based compensation expense 1,950 1,340
(Release of) provision for credit losses (340) 230
Increase in current income tax liability 1,704 1,911
Increase (decrease) in pension liability 101 (640)
Increase in accounts receivable (1,878) (726)
Other operating activities, net (1,681) 1,451
Net cash provided by operating activities 9,293 14,736
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 61,418 0
Proceeds from maturities of securities available-for-sale 13,164 16,194
Purchase of securities available-for-sale (15,190) (156,597)
Net decrease (increase) in loans 12,533 (16,500)
Purchase of bank-owned life insurance 0 (4,000)
Decrease (increase) in payments in advance of funding 33,956 (38,195)
Purchases of premises and equipment, net (1,954) (2,002)
Net cash provided by (used in) investing activities 103,927 (201,100)
Net (decrease) increase in noninterest-bearing demand deposits (57,434) 39,177
Cash Flows From Financing Activities:    
Net (decrease) increase in noninterest-bearing demand deposits (57,434) 39,177
Net decrease in interest-bearing demand and savings deposits (106,201) (80,002)
Net increase (decrease) in time deposits 22,568 (3,743)
Net decrease (increase) in accounts and drafts receivable from customers (16,165) (60,663)
Cash dividends paid (3,977) (3,832)
Purchase of common shares for treasury 0 (5,086)
Other financing activities, net (966) (575)
Net cash used in financing activities (103,684) (137,115)
Net increase (decrease) in cash and cash equivalents 9,536 (323,479)
Cash and cash equivalents at beginning of period 200,942 514,928
Cash and cash equivalents at end of period 210,478 191,449
Supplemental information:    
Cash paid for interest 3,135 216
Cash paid for income taxes 139 109
Accretion (Amortization) of Discounts and Premiums, Investments 1,219 (1,748)
Depreciation 945 1,029
Net (Increase) Decrease In Accounts and Drafts Receivable From Customers $ 58,491 $ (22,391)