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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 $ 16,933 $ 13,433
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses (1,553) 6,995
Depreciation 3,782 3,400
Amortization of Premiums, Discounts and Fees, net 5,946 3,414
Amortization of Intangible Asset 40 0
Pension Settlement 2,000 0
Originations of Loans Held-for-Sale (877,613) (431,775)
Proceeds From Sales of Loans Held for Sale 941,173 385,518
Net Gain From Sales of Loans Held-for-Sale (30,342) (20,844)
Net Additions for Capitalized Mortgage Servicing Rights (8) 0
Change in Valuation Provision for Mortgage Servicing Rights (250) 0
Stock Compensation 438 368
Net Tax Benefit From Stock-Based Compensation (4) (84)
Deferred Income Taxes (469) (695)
Net change in operating leases (81) 498
Net Gain on Sales and Write-Downs of Other Real Estate Owned (507) (915)
Net Increase in Other Assets (9,789) (23,035)
Net Increase in Other Liabilities 2,472 36,251
Net Cash Provided By (Used In) Operating Activities 52,168 (27,471)
Securities Held to Maturity:    
Purchases (201,308) (32,250)
Payments, Maturities, and Calls 44,238 38,362
Securities Available for Sale:    
Purchases (255,379) (38,364)
Payments, Maturities, and Calls 94,911 102,846
Purchases of Loans Held for Investment (70,043) (18,359)
Net Decrease (Increase) in Loans Held for Investment 64,708 (167,587)
Net Cash Paid For Brand Acquisition (4,482) (2,405)
Proceeds From Sales of Other Real Estate Owned 1,121 1,800
Purchases of Premises and Equipment (3,215) (6,842)
Noncontrolling Interest Contributions 3,464 0
Net Cash Used In Investing Activities (325,985) (122,799)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase in Deposits 229,361 309,542
Net (Decrease) Increase in Short-Term Borrowings (32,668) 57,460
Repayment of Other Long-Term Borrowings (1,123) (837)
Dividends Paid (5,058) (4,705)
Payments to Repurchase Common Stock 0 (1,571)
Issuance of Common Stock Under Purchase Plans 570 386
Net Cash Provided By Financing Activities 191,082 360,275
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (82,735) 210,005
Cash and Cash Equivalents at Beginning of Period 928,549 378,423
Cash and Cash Equivalents at End of Period 845,814 588,428
Supplemental Cash Flow Disclosures:    
Interest Paid 1,877 2,655
Income Taxes Paid 9,369 3,613
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned $ 998 $ 991