v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income Attributable to Common Shareowners $ 17,168 $ 16,933
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses 1,542 (1,553)
Depreciation 3,802 3,782
Amortization of Premiums, Discounts and Fees, net 5,545 5,946
Amortization of Intangible Asset 80 40
Pension Settlement 378 2,000
Originations of Loans Held-for-Sale (573,239) (877,613)
Proceeds From Sales of Loans Held-for-Sale 595,074 941,173
Mortgage Banking Revenues (18,011) (30,342)
Net Additions for Capitalized Mortgage Servicing Rights 1,358 (8)
Change in Valuation Provision for Mortgage Servicing Rights 0 (250)
Stock Compensation 489 438
Net Tax Benefit From Stock-Based Compensation (19) (4)
Deferred Income Taxes (8,879) (469)
Net Change in Operating Leases (72) (81)
Net Gain on Sales and Write-Downs of Other Real Estate Owned (26) (507)
Net Decrease (Increase) in Other Assets 845 (9,789)
Net Increase in Other Liabilities 22,040 2,472
Net Cash Used In Investing Activities 48,075 52,168
Securities Held to Maturity:    
Purchases (218,548) (201,308)
Payments, Maturities, and Calls 28,111 44,238
Securities Available for Sale:    
Purchases (37,044) (255,379)
Proceeds from Sale or Securities 3,365 0
Payments, Maturities, and Calls 47,413 94,911
Purchases of Loans Held for Investment (174,779) (70,043)
Net (Increase) Decrease in Loans Held for Investment (109,806) 64,708
Proceeds From Sales of Other Real Estate Owned 30 1,121
Purchases of Premises and Equipment (3,322) (3,215)
Noncontrolling Interest Contributions 2,573 3,464
Net Cash Used In Investing Activities (462,007) (325,985)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase in Deposits 73,396 229,361
Net Increase (Decrease) in Short-Term Borrowings 4,784 (32,668)
Repayment of Other Long-Term Borrowings (150) (1,123)
Dividends Paid (5,424) (5,058)
Issuance of Common Stock Under Purchase Plans 496 570
Net Cash Provided By Financing Activities 73,102 191,082
NET DECREASE IN CASH AND CASH EQUIVALENTS (340,830) (82,735)
Cash and Cash Equivalents at Beginning of Period 1,035,354 928,549
Cash and Cash Equivalents at End of Period 694,524 845,814
Supplemental Cash Flow Disclosures:    
Interest Paid 1,617 1,877
Income Taxes Paid 3,765 9,369
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned $ 77 $ 998

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