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 ($)
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 22,242,000 $ 17,766,000
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 2,189,000 2,464,000
Depreciation 4,693,000 4,845,000
Amortization of Premiums, Discounts, and Fees (net) 3,826,000 5,253,000
Originations of Loans Held for Sale (160,720,000) (136,492,000)
Proceeds From Sales of Loans Held for Sale 158,293,000 136,618,000
Gain Loss On Sale Of Mortgage Loans (3,779,000) (3,606,000)
Stock Compensation 1,134,000 978,000
Excess Tax Benefit From Share Based Compensation Operating Activities (14,000) (41,000)
Deferred Income Taxes 1,131,000 1,847,000
Net change in operating leases 68,000 0
Loss on Sales and Write-Downs of Other Real Estate Owned 165,000 941,000
Proceeds From Insurance Claim for Operating Loss 268,000 0
Loss on Sale or Disposal of Premises and Equipment 39,000 57,000
Net (Increase) Decrease in Other Assets (5,483,000) 3,040,000
Net Increase (Decrease) in Other Liabilities 19,876,000 (12,208,000)
Net Cash Provided By Operating Activities 43,928,000 21,462,000
Securities Held to Maturity:    
Purchases (69,347,000) (102,428,000)
Payments, Maturities, and Calls 45,146,000 89,932,000
Securities Available for Sale:    
Purchases (56,450,000) (129,502,000)
Payments, Maturities, and Calls 126,171,000 119,092,000
Payments To Acquire Loans Held For Investment (21,537,000) (25,048,000)
Payments for (Proceeds from) Loans Receivable (34,589,000) (98,007,000)
Proceeds From Insurance Claims on Premises 814,000 0
Proceeds From Sales of Other Real Estate Owned 2,330,000 1,540,000
Purchases of Premises and Equipment, net (3,352,000) (2,771,000)
Net Cash Used In Investing Activities (10,814,000) (147,192,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (Decrease) Increase in Deposits (58,849,000) (88,661,000)
Net (Decrease) Increase in Short-Term Borrowings (3,279,000) 9,164,000
Repayment of Other Long-Term Borrowings (1,245,000) (1,511,000)
Dividends Paid (5,868,000) (3,922,000)
Payments to Repurchase Common Stock (1,806,000) 0
Issuance of Common Stock Under Compensation Plans 473,000 480,000
Net Cash Used In Financing Activities (70,574,000) (84,450,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS (37,460,000) (210,180,000)
Cash and Cash Equivalents at Beginning of Period 276,000,000 285,442,000
Cash and Cash Equivalents at End of Period 238,540,000 75,262,000
Supplemental Cash Flow Disclosures:    
Interest Paid, Net 7,761,000 4,837,000
Income Taxes Paid 4,496,000 151,000
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned 792,000 1,260,000
Right-of-use asset obtained in exchange for operating lease liability $ 1,794,000 $ 0