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, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 4,287,000 $ 6,436,000
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 4,990,000 767,000
Depreciation 1,623,000 1,612,000
Amortization of Premiums, Discounts, and Fees (net) 1,643,000 1,234,000
Originations of Loans Held for Sale (150,840,000) (38,698,000)
Proceeds From Sales of Loans Held for Sale 80,781,000 42,003,000
Gain Loss On Sale Of Mortgage Loans (3,030,000) (993,000)
Stock Compensation 291,000 499,000
Excess Tax Benefit From Share Based Compensation Operating Activities (84,000) (14,000)
Deferred Income Taxes (511,000) 321,000
Net change in operating leases 192,000 23,000
Loss on Sales and Write-Downs of Other Real Estate Owned (931,000) 215,000
Proceeds From Insurance Claim for Operating Loss 0 0
Loss on Sale or Disposal of Premises and Equipment 0 0
Net (Increase) Decrease in Other Assets (20,255,000) (4,854,000)
Net Increase (Decrease) in Other Liabilities 26,646,000 6,689,000
Net Cash Provided By Operating Activities (55,198,000) 15,240,000
Securities Held to Maturity:    
Purchases (32,250,000) (18,167,000)
Payments, Maturities, and Calls 19,370,000 8,953,000
Securities Available for Sale:    
Purchases (26,795,000) (13,370,000)
Payments, Maturities, and Calls 50,347,000 30,784,000
Purchases of Loans Held for Investment (2,756,000) (14,706,000)
Net Increase in Loans Held for Investment (22,191,000) (9,461,000)
Net Cash Paid For Brand Acquisition (2,405,000) 0
Proceeds From Insurance Claims on Premises 0 790,000
Proceeds From Sales of Other Real Estate Owned 1,155,000 639,000
Purchases of Premises and Equipment, net (4,773,000) (1,268,000)
Net Cash Used In Investing Activities (20,298,000) (15,806,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (Decrease) Increase in Deposits (99,869,000) 85,438,000
Net Increase (Decrease) in Short-Term Borrowings 70,018,000 (4,918,000)
Repayment of Other Long-Term Borrowings (524,000) (547,000)
Dividends Paid (2,357,000) (1,850,000)
Payments to Repurchase Common Stock (708,000) 0
Issuance of Common Stock Under Purchase Plans 125,000 157,000
Net Cash Used In Financing Activities (33,315,000) 78,280,000
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (108,811,000) 77,714,000
Cash and Cash Equivalents at Beginning of Period 378,423,000 276,000,000
Cash and Cash Equivalents at End of Period 269,612,000 353,714,000
Supplemental Cash Flow Disclosures:    
Interest Paid, Net 1,562,000 2,813,000
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned 734,000 527,000
Right-of-use asset obtained in exchange for operating lease liability $ 5,092,000 $ 1,928,000