Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 6,436,000 $ 5,773,000
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 767,000 745,000
Depreciation 1,612,000 1,605,000
Amortization of Premiums, Discounts, and Fees (net) 1,234,000 1,723,000
Originations of Loans Held for Sale (38,698,000) (39,137,000)
Proceeds From Sales of Loans Held for Sale 42,003,000 40,166,000
Gain Loss On Sale Of Mortgage Loans (993,000) (1,057,000)
Stock Compensation 499,000 331,000
Excess Tax Benefit From Share Based Compensation Operating Activities (14,000) (41,000)
Deferred Income Taxes 321,000 1,407,000
Net change in operating leases 23,000 0
Loss on Sales and Write-Downs of Other Real Estate Owned 215,000 554,000
Loss on Sale or Disposal of Premises and Equipment 0 0
Net (Increase) Decrease in Other Assets (4,854,000) (6,173,000)
Net Increase in Other Liabilities 6,689,000 (3,706,000)
Net Cash Provided By Operating Activities 15,240,000 2,190,000
Securities Held to Maturity:    
Purchases (18,167,000) (35,953,000)
Payments, Maturities, and Calls 8,953,000 26,696,000
Securities Available for Sale:    
Purchases (13,370,000) (49,749,000)
Payments, Maturities, and Calls 30,784,000 55,221,000
Payments To Acquire Loans Held For Investment (14,706,000) (3,965,000)
Payments for (Proceeds from) Loans Receivable (9,461,000) (5,514,000)
Proceeds From Insurance Claims on Premises 790,000 0
Proceeds From Sales of Other Real Estate Owned 639,000 364,000
Purchases of Premises and Equipment, net (1,268,000) (847,000)
Net Cash Used In Investing Activities (15,806,000) (13,747,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (Decrease) Increase in Deposits 85,438,000 29,007,000
Net Increase in Short-Term Borrowings (4,918,000) (2,587,000)
Repayment of Other Long-Term Borrowings (547,000) (634,000)
Dividends Paid (1,850,000) (1,193,000)
Issuance of Common Stock Under Compensation Plans 157,000 147,000
Net Cash (Used In) Provided By Financing Activities 78,280,000 24,740,000
NET DECREASE IN CASH AND CASH EQUIVALENTS 77,714,000 13,183,000
Cash and Cash Equivalents at Beginning of Period 276,000,000 285,442,000
Cash and Cash Equivalents at End of Period 353,714,000 298,625,000
Supplemental Cash Flow Disclosures:    
Interest Paid, Net 2,813,000 1,451,000
Income Taxes Paid 0 0
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned 527,000 $ 307,000
Right-of-use asset obtained in exchange for operating lease liability $ 1,928,000