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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 $ 15,980 $ 20,924
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization (accretion) of premiums and discounts on investments 1,275 1,903
Provision for credit losses 1,800 (6,550)
Securities gains   (5)
Depreciation and amortization 1,581 1,529
Restricted stock compensation 223 207
Gain on sale of mortgage loans (180) (662)
(Gain) Loss on sale of other real estate 4  
Other, net 3,094 3,199
NET CASH FROM OPERATING ACTIVITIES 23,777 20,545
CASH FLOWS FROM INVESTING ACTIVITIES:    
Calls, maturities and principal reductions on securities available-for-sale 29,900 50,504
Purchases of securities available-for-sale (22,911) (138,610)
Loans made to customers, net of repayment (14,020) 11,188
Net change in federal funds sold (3,557) (428)
Redemption of restricted stock   1,605
Purchase of restricted stock (6) (952)
Proceeds from sales of other real estate owned 40 67
Additions to premises and equipment (3,274) (1,641)
NET CASH FROM INVESTING ACTIVITIES (13,828) (78,267)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (203,260) (14,055)
Net change in short-term borrowings 37,709 3,298
Dividends paid (8,912) (7,952)
Purchase of treasury stock (382) (9,664)
Proceeds from other borrowings 25,000  
Maturities of other borrowings   (22)
NET CASH FROM FINANCING ACTIVITIES (149,845) (28,395)
NET CHANGE IN CASH AND CASH EQUIVALENTS (139,896) (86,117)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 222,517 688,027
CASH AND DUE FROM BANKS, END OF PERIOD $ 82,621 $ 601,910