7Baggers
Quarterly
Annual
    Unit: USD2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2017-12-31 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 
      
    		                      
      cash flows from operating activities:
    		                      
      net income
    		8,410,000 7,394,000 7,138,000 7,117,000 9,285,000 8,799,000 8,562,000 8,258,000 7,702,000 6,805,000 7,026,000 7,071,000 6,411,000 5,781,000 5,439,000 7,545,000 5,331,000 5,719,000 5,081,000 5,580,000 4,900,000 4,749,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                      
      amortization of intangible assets
    		195,000 195,000 195,000 195,000                   
      net amortization of premium/discount on investment securities
    		1,095,000 1,091,000 1,068,000 1,219,000                   
      depreciation
    		1,128,000 1,033,000 1,083,000 945,000                   
      losses (gains) on sales of securities
    		13,000 0                     
      stock-based compensation expense
    		342,000 938,000 909,000 1,950,000 2,253,000 1,307,000 2,082,000 1,090,000 274,000 1,066,000 826,000 693,000 -10,000 799,000 756,000 722,000 681,000 350,000 339,000 387,000 354,000 392,000 
      (release of) benefit from credit losses
    		-215,000 125,000 -120,000 -340,000        -600,000           
      deferred income tax benefit
    		                      
      increase in current income tax liability
    		15,000 -460,000 -2,740,000 1,704,000 83,000 7,000 -1,277,000 1,911,000 127,000              
      increase in pension liability
    		460,000 122,000 123,000 101,000    -640,000 -559,000 -958,000 -630,000 336,000 1,108,000 1,148,000 1,088,000 1,079,000 4,532,000 60,000  243,000 199,000 198,000 
      increase in accounts receivable
    		-2,607,000 4,212,000 -3,568,000 -1,878,000 20,000 -735,000 -1,079,000 -726,000 26,000 503,000 -894,000 -237,000    -105,000 -1,019,000      
      other operating activities
    		-982,000 -2,257,000 3,393,000 -1,681,000 -2,227,000 -2,239,000 5,882,000 1,688,000 -6,876,000 -2,176,000 -2,434,000 5,156,000 -1,999,000 -2,950,000 3,380,000 5,361,000 -1,971,000 -808,000 -3,009,000 331,000 411,000 -387,000 
      net cash from operating activities
    		7,570,000 12,393,000 7,680,000 9,293,000 10,809,000 9,737,000 16,339,000 14,723,000 3,867,000 8,921,000 5,055,000 16,704,000 7,720,000 7,406,000 14,495,000 18,160,000 10,954,000 8,730,000 2,093,000 8,249,000 7,200,000 6,234,000 
      cash flows from investing activities:
    		                      
      proceeds from sales of securities available-for-sale
    		530,000 0 49,635,000 61,418,000 0 2,317,000   20,584,000 30,074,000 10,125,000 2,991,000 2,314,000 0 0 19,629,000  501,000     
      proceeds from maturities of securities available-for-sale
    		9,823,000 6,909,000 9,337,000 13,164,000 15,469,000 15,383,000 14,163,000 16,194,000 13,686,000 13,056,000 23,096,000 47,113,000 20,184,000 16,475,000 12,982,000 14,148,000 10,300,000 5,385,000 2,000,000 1,595,000   
      purchases of securities available-for-sale
    		                      
      net decrease (increase) in loans
    		25,302,000   12,533,000      -1,864,000 17,615,000 3,478,000           
      purchase of bank-owned life insurance
    		    538,000 -279,000 -272,000 -3,987,000 -251,000              
      decrease (increase) in payments in advance of funding
    		  -9,361,000 33,956,000                   
      purchases of premises and equipment
    		-4,964,000 -2,970,000 -4,436,000 -1,954,000 -1,596,000 -877,000 -1,391,000 -2,002,000 -1,672,000 -811,000 -986,000 -900,000 -296,000 -322,000 -1,052,000 -331,000 -1,347,000 -465,000 -300,000 -361,000 -322,000 -207,000 
      asset acquisition of touchpoint
    		    -389,000 0                 
      net cash from investing activities
    		90,417,000 30,760,000 59,558,000 103,927,000 -56,529,000 -86,156,000 37,382,000 -201,087,000 -252,484,000 -150,035,000 -31,301,000 -94,697,000 24,638,000 33,215,000 -50,378,000 -51,375,000 -65,790,000 -12,490,000 -49,111,000 -15,636,000 -30,987,000 -28,771,000 
      cash flows from financing activities:
    		                      
      net increase in noninterest-bearing demand deposits
    		  93,784,000 -57,434,000   -17,327,000 39,177,000 115,322,000    119,123,000    70,128,000 13,282,000 -7,931,000   3,168,000 
      net increase in interest-bearing demand and savings deposits
    		-49,410,000    -38,510,000 69,654,000 31,020,000 -80,002,000 22,380,000 27,171,000 19,386,000 21,373,000 29,650,000 57,573,000 47,305,000 31,761,000   19,663,000 30,641,000 11,661,000 -22,573,000 
      net increase in time deposits
    		-185,000 16,020,000 -2,302,000 22,568,000        -449,000 -9,101,000 -3,160,000 -3,296,000 575,000  1,946,000 5,599,000 -5,153,000 15,462,000 25,468,000 
      net increase in accounts and drafts receivable from customers
    		                      
      net increase in accounts and drafts payable
    		      7,389,000 -83,054,000 144,917,000 -34,085,000 43,279,000 60,905,000 64,215,000 85,314,000 9,327,000 51,639,000 -25,345,000 -1,952,000 -38,838,000 27,667,000 47,499,000 49,528,000 
      cash dividends paid
    		-4,072,000 -3,946,000 -3,964,000 -3,977,000 -3,964,000 -3,824,000 -3,822,000 -3,832,000 -3,870,000 -3,815,000 -3,875,000 -3,886,000 -3,895,000 -3,893,000 -3,893,000 -3,918,000 -2,950,000 -1,505,000 -1,503,000 -1,316,000 -1,314,000 -1,315,000 
      purchase of common shares for treasury
    		-561,000 -2,835,000   0 0 -213,000 -5,086,000 -12,022,000 -13,715,000 -4,032,000 -1,228,000 -1,317,000 0 0 -5,508,000 0      
      other financing activities
    		3,000 65,000 64,000 -966,000 -42,000 -47,000 70,000 -575,000 25,000 83,000 -12,000 -946,000 44,000 43,000 44,000 -1,229,000 285,000  -308,000 0 -3,000 20,000 
      net cash from financing activities
    		-133,954,000 94,809,000 -7,243,000 -103,684,000 -100,332,000 162,179,000 16,064,000 -137,115,000 263,236,000 19,842,000   198,719,000 166,691,000 104,828,000 -7,545,000 40,848,000 3,488,000 -23,521,000 63,170,000 66,678,000 54,037,000 
      net increase in cash and cash equivalents
    		-35,967,000 137,962,000 59,995,000 9,536,000     14,619,000 -121,272,000   231,077,000 207,312,000   -13,988,000 -272,000 -70,539,000 55,783,000 42,891,000 31,500,000 
      cash and cash equivalents at beginning of year
    		                      
      cash and cash equivalents at end of year
    		                      
      supplemental information:
    		                      
      cash paid for interest
    		4,648,000 4,352,000 3,562,000 3,135,000 2,117,000 765,000 333,000 216,000 309,000 277,000 297,000 311,000 537,000 460,000 465,000 964,000 658,000 1,186,000 1,325,000 1,228,000 1,215,000 1,125,000 
      cash paid for income taxes
    		2,525,000 2,177,000 4,459,000 139,000 2,865,000 2,922,000 2,500,000 109,000 1,461,000 1,012,000 3,030,000 134,000 1,165,000 1,348,000 2,077,000 142,000 1,919,000 365,000 313,000 2,271,000 2,849,000 2,501,000 
      purchase of securities available-for-sale
    		 0 -142,000 -15,190,000  -69,038,000 -6,256,000 -156,597,000  -83,505,000 -113,364,000 -125,467,000 -17,112,000    -27,304,000 -9,027,000 -38,396,000 -2,224,000   
      decrease in payments in advance of funding
    		                      
      net decrease in noninterest-bearing demand deposits
    		          -2,485,000 -68,645,000   55,341,000 -62,865,000       
      net decrease (increase) in accounts and drafts receivable from customers
    		 54,917,000 -46,339,000 58,491,000                   
      net decrease in accounts and drafts payable
    		 60,700,000 -29,911,000 -16,165,000                   
      cash and cash equivalents at beginning of period
    		 0 0 200,942,000  0 0 514,928,000  0 0 670,528,000  0 0 203,954,000  138,929,000 0 0 0 79,294,000 
      cash and cash equivalents at end of period
    		 137,962,000 59,995,000 210,478,000  85,760,000 69,785,000 191,449,000  -121,272,000 21,922,000 599,659,000  207,312,000 68,945,000 163,194,000  138,657,000 -70,539,000 55,783,000 42,891,000 110,794,000 
      net decrease in loans
    		                      
      net decrease in interest-bearing demand and savings deposits
    		  -16,198,000 -106,201,000              -8,170,000     
      gains on sales of securities
    		   -39,000 0 -13,000   -7,000 1,000 3,000 -48,000  0 0 -1,069,000       
      benefit from (release of) credit losses
    		    500,000 550,000 70,000 230,000               
      net increase in loans
    		    -45,805,000   -16,500,000     52,719,000 19,175,000 -108,943,000 -82,134,000  -953,000 -18,917,000 -9,335,000 -15,865,000 -23,052,000 
      increase in payments in advance of funding
    		      16,450,000 -38,195,000               
      net decrease in time deposits
    		    4,980,000 -6,747,000 -1,053,000 -3,743,000 -3,516,000 -743,000       -302,000      
      net decrease in short-term borrowings
    		             0 0 -18,000,000    -6,000   
      depreciation and amortization
    		     2,664,000 2,735,000 2,912,000  3,173,000 3,189,000 2,978,000 2,878,000 2,827,000 2,774,000 2,790,000 2,980,000 1,091,000 949,000 1,009,000 1,037,000 1,031,000 
      decrease in deferred income tax asset
    		                      
      decrease in pension liability
    		     -603,000                 
      net change in accounts and drafts payable and other customer receivables
    		                      
      net decrease in cash and cash equivalents
    		     85,760,000 69,785,000 -323,479,000    -70,869,000    -40,760,000       
      deferred income tax (benefit) expense
    		                      
      asset acquisition of gateway giving, llc
    		                      
      net increase in short-term borrowings
    		                     -8,000 
      (release of) benefit from credit losses / loan losses
    		         340,000             
      increase in payments in excess of funding
    		           -21,912,000    -2,687,000  -7,931,000 6,502,000 -5,311,000 -6,651,000 -5,512,000 
      decrease in income tax benefit
    		                      
      increase in income tax liability
    		          -1,443,000 1,355,000    1,512,000  1,868,000    -649,000 
      decrease in payments in excess of funding
    		                      
      net cash from (used) in financing activities
    		           7,124,000           
      net (gains) losses on sales of securities
    		                      
      benefit from credit/loan losses
    		                      
      decrease in accounts receivable
    		                      
      benefit from loan losses
    		             0 400,000 325,000  450,000  950,000 1,150,000 900,000 
      decrease (increase) in income tax liability
    		             -66,000         
      decrease (increase) in accounts receivable
    		             -133,000         
      decrease (increase) in payments in excess of funding
    		             818,000         
      acquisition of gateway giving, llc
    		                      
      deferred income tax expense
    		                      
      net gains on sales of securities
    		                      
      provisions for loan losses
    		                      
      increase in income tax benefit
    		                      
      net increase in payments in excess of funding
    		                      
      adjustments to reconcile net income to net cash provided
    		                      
      by operating activities:
    		                      
      net increase in interest-bearing demand and savings
    		                      
      deposits
    		                      
      environmental management acquisition
    		                      
      distribution of stock awards
    		                 -113,000  0 0 -251,000 
      fdic insurance prepayment
    		                      
      purchase of common shares of treasury
    		                      
      transfer of loans to foreclosed assets
    		                      
      decrease in income tax liability
    		                   -251,000   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.