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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 44,025,000 $ 41,962,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and (accretion), net 6,213,000 4,036,000
Recovery of credit losses (756,000) (2,440,000)
Depreciation of premises and equipment 2,716,000 2,906,000
Deferred income tax expense 634,000 1,889,000
Net periodic employee benefit cost 128,000 317,000
Pension contributions 0 (1,000,000)
Gains on sale of investment securities, net (1,324,000) 670,000
Stock-compensation expense 1,658,000 1,778,000
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit 91,000 221,000
Increase in value of bank-owned life insurance (2,992,000) (2,399,000)
Loans originated for sale (23,467,000) (17,723,000)
Proceeds from the sale of loans originated for sale 23,512,000 17,295,000
Gain on sale of loans (224,000) (154,000)
Change in accrued interest receivable (715,000) (174,000)
Change in other assets (11,350,000) (9,956,000)
Change in other liabilities 4,781,000 4,881,000
Net Cash Provided by Operating Activities 45,396,000 40,327,000
Investing Activities    
Net (increase) decrease in loans (22,554,000) 92,250,000
Purchases 362,820,000 316,479,000
Proceeds from maturities and calls 131,306,000 136,560,000
Purchases (258,000) (116,000)
Proceeds from sales 83,000 3,619,000
Purchases of premises and equipment (1,050,000) (2,561,000)
Proceeds from the disposals of premises and equipment 64,000 366,000
Proceeds from bank-owned life insurance policies 3,624,000 2,147,000
Payments for low income housing tax credits (832,000) (1,559,000)
Net Cash Used in Investing Activities (252,437,000) (85,773,000)
Financing Activities    
Net increase in non-interest-bearing deposits 158,535,000 102,942,000
Net increase in interest-bearing deposits 58,098,000 49,485,000
Net increase in short-term borrowings 89,910,000 15,360,000
Purchases of treasury stock (19,295,000) (22,843,000)
Proceeds from exercise of stock options 661,000 537,000
Repayments of Debt and Lease Obligation (382,000) (431,000)
Dividends paid (18,138,000) (18,373,000)
Net Cash Provided by Financing Activities 269,389,000 126,677,000
Increase in Cash and Cash Equivalents 62,348,000 81,231,000
Cash and cash equivalents at beginning of period 634,631,000 528,659,000
Cash and Cash Equivalents at End of Period 696,979,000 609,890,000
Supplemental Cash Flow Information:    
Cash paid for interest 3,257,000 6,851,000
Cash paid for income taxes $ 10,828,000 $ 10,650,000