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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 54,588 $ 45,589
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization (accretion) of premiums and discounts on investments 5,174 6,207
Provision for credit losses (4,750) (3,244)
Securities (gains) losses (5) (111)
Gain on sales of mortgage loans (1,705) (4,268)
(Gain) Loss on sale of other real estate 26 10
Restricted stock compensation 619 638
Depreciation and amortization 4,615 4,670
Other, net (6,266) (6,583)
NET CASH FROM OPERATING ACTIVITIES 52,296 42,908
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale   9,369
Calls, maturities and principal reductions on securities available-for-sale 141,274 198,613
Purchases of securities available-for-sale (329,564) (479,007)
Proceeds from loans held for sale previously classified as portfolio loans 12,802  
Loans made to customers, net of repayment (168,558) 135,691
Redemption of restricted stock 1,871  
Purchase of restricted stock (1,043) (25)
Purchase of bank owned life insurance   (10,000)
Proceeds from sales of other real estate owned 223 237
Net change in federal funds sold (7,915) (5,882)
Additions to premises and equipment (2,206) (4,547)
NET CASH FROM INVESTING ACTIVITIES (353,116) (155,551)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (1,150) 272,903
Net change in short-term borrowings (4,053) (15,010)
Maturities of other borrowings (6,402)  
Purchase of treasury stock (27,701) (30,419)
Dividends paid (14,459) (14,181)
NET CASH FROM FINANCING ACTIVITIES (53,765) 213,293
NET CHANGE IN CASH AND CASH EQUIVALENTS (354,585) 100,650
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 682,807 657,470
CASH AND DUE FROM BANKS, END OF PERIOD $ 328,222 $ 758,120