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 ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 13,761,000 $ 11,776,000
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 1,413,000 1,560,000
Depreciation 3,148,000 3,218,000
Amortization of Premiums, Discounts, and Fees (net) 2,520,000 3,495,000
Originations of Loans Held for Sale (94,776,000) (87,689,000)
Proceeds From Sales of Loans Held for Sale 93,952,000 86,523,000
Gain Loss On Sale Of Mortgage Loans (2,192,000) (2,263,000)
Stock Compensation 885,000 655,000
Excess Tax Benefit From Share Based Compensation Operating Activities (14,000) (41,000)
Deferred Income Taxes 1,253,000 2,156,000
Net change in operating leases 45,000 0
Loss on Sales and Write-Downs of Other Real Estate Owned 204,000 693,000
Proceeds From Insurance Claim for Operating Loss 268,000 0
Loss on Sale or Disposal of Premises and Equipment 39,000 0
Net (Increase) Decrease in Other Assets (11,628,000) 541,000
Net Increase in Other Liabilities 22,430,000 (15,468,000)
Net Cash Provided By Operating Activities 31,308,000 5,156,000
Securities Held to Maturity:    
Purchases (33,844,000) (84,617,000)
Payments, Maturities, and Calls 20,891,000 63,724,000
Securities Available for Sale:    
Purchases (31,215,000) (102,974,000)
Payments, Maturities, and Calls 67,551,000 84,991,000
Payments To Acquire Loans Held For Investment (18,661,000) (16,106,000)
Payments for (Proceeds from) Loans Receivable (43,822,000) (56,981,000)
Proceeds From Insurance Claims on Premises 814,000 0
Proceeds From Sales of Other Real Estate Owned 1,703,000 715,000
Purchases of Premises and Equipment, net (2,002,000) (1,520,000)
Net Cash Used In Investing Activities (38,585,000) (112,768,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (Decrease) Increase in Deposits 29,248,000 (10,687,000)
Net Increase in Short-Term Borrowings (4,148,000) (459,000)
Repayment of Other Long-Term Borrowings (895,000) (1,070,000)
Dividends Paid (3,691,000) (2,386,000)
Payments to Repurchase Common Stock (1,806,000) 0
Issuance of Common Stock Under Compensation Plans 397,000 411,000
Net Cash (Used In) Provided By Financing Activities 19,105,000 (14,191,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS 11,828,000 (121,803,000)
Cash and Cash Equivalents at Beginning of Period 276,000,000 285,442,000
Cash and Cash Equivalents at End of Period 287,828,000 163,639,000
Supplemental Cash Flow Disclosures:    
Interest Paid, Net 5,505,000 3,103,000
Income Taxes Paid 1,381,000 101,000
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned 688,000 840,000
Right-of-use asset obtained in exchange for operating lease liability $ 1,860,000 $ 0