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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 71,408,000 $ 64,694,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and (accretion), net 8,607,000 6,225,000
Provision for (recovery of) credit losses (26,000) (3,165,000)
Depreciation of premises and equipment 4,033,000 4,373,000
Deferred income tax expense 1,181,000 1,805,000
Net periodic employee benefit cost 192,000 443,000
Pension contributions 0 (1,000,000)
Gains on sale of investment securities, net (1,322,000) 763,000
Stock-compensation expense 2,412,000 2,430,000
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit (189,000) 397,000
Increase in value of bank-owned life insurance (3,746,000) (3,147,000)
Loans originated for sale (29,139,000) (28,601,000)
Proceeds from the sale of loans originated for sale 29,422,000 28,591,000
Gain on sale of loans (283,000) (271,000)
Change in accrued interest receivable (1,629,000) (431,000)
Change in other assets (11,312,000) (6,486,000)
Change in other liabilities 9,136,000 9,393,000
Net Cash Provided by Operating Activities 81,767,000 73,693,000
Investing Activities    
Net (increase) decrease in loans (85,289,000) 99,342,000
Purchases 488,401,000 438,625,000
Proceeds from maturities and calls 177,875,000 213,579,000
Purchases (280,000) (116,000)
Proceeds from sales 116,000 4,756,000
Purchases of premises and equipment (1,677,000) (2,931,000)
Proceeds from the disposals of premises and equipment 189,000 367,000
Proceeds from bank-owned life insurance policies 3,623,000 2,148,000
Payments for low income housing tax credits (2,144,000) (1,692,000)
Net Cash Used in Investing Activities (395,988,000) (123,172,000)
Financing Activities    
Net increase in non-interest-bearing deposits 56,156,000 134,474,000
Net (decrease) increase in interest-bearing deposits (23,625,000) 100,931,000
Net (decrease) increase in short-term borrowings (7,651,000) 686,000
Purchases of treasury stock (20,015,000) (48,321,000)
Proceeds from exercise of stock options 697,000 622,000
Repayments of Debt and Lease Obligation (572,000) (632,000)
Dividends paid (27,047,000) (27,391,000)
Net Cash (Used in) Provided by Financing Activities (22,057,000) 160,369,000
(Decrease) Increase in Cash and Cash Equivalents (336,278,000) 110,890,000
Cash and cash equivalents at beginning of period 634,631,000 528,659,000
Cash and Cash Equivalents at End of Period 298,353,000 639,549,000
Supplemental Cash Flow Information:    
Cash paid for interest 5,299,000 9,111,000
Cash paid for income taxes $ 17,834,000 $ 14,400,000