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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 10,964 $ 5,294 $ 8,250
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Net decrease in deferred loan fees (270) (305) (294)
Depreciation 1,392 1,355 1,133
Accretion (1,196) (1,015) (852)
Amortization 8,024 7,949 9,179
Stock-based compensation 238 173 98
Excess tax benefit from exercise of stock options (6) (7) (17)
Provision for credit losses 600 7,985 0
Net realized gains on sales and calls of available-for-sale investment securities (1,481) (904) (1,265)
Net realized gains on calls of held-to-maturity investment securities (14) 0 0
Net loss (gain) on sale and disposal of equipment 6 201 (1)
Net gain on sale of other real estate owned (11) (63) 0
Increase in bank owned life insurance, net of expenses (596) (614) (495)
Net gain on bank owned life insurance (345) 0 0
Net decrease (increase) in accrued interest receivable and other assets 2,109 (3,021) 410
Net decrease in prepaid FDIC Assessments 0 0 1,542
Net (decrease) increase in accrued interest payable and other liabilities (963) 537 (1,805)
Benefit for deferred income taxes (933) (408) (296)
Net cash provided by operating activities 17,518 17,157 15,587
Cash flows used in investing activities:      
Net cash and cash equivalents acquired in acquisition 0 0 40,935
Purchases of available-for-sale investment securities (198,851) (146,468) (222,668)
Proceeds from sales or calls of available-for-sale investment securities 93,167 79,757 88,146
Proceeds from calls of held-to-maturity investment securities 810 0 0
Proceeds from maturity and principal repayment of available-for-sale investment securities 53,593 52,665 76,512
Net increase in loans (24,776) (69,047) (4,393)
Proceeds from sale of other real estate owned 359 488 263
Purchases of premises and equipment (741) (1,328) (1,159)
Purchases of bank owned life insurance (325) (900) 0
FHLB stock (purchased) redeemed (32) (292) 48
Proceeds from bank owned life insurance 1,365 0 0
Proceeds from sale of premises and equipment 0 363 1
Net cash used in investing activities (75,431) (84,762) (22,315)
Cash Flows From Financing Activities:      
Net increase in demand, interest-bearing and savings deposits 90,732 50,643 75,663
Net (decrease) increase in time deposits (13,617) (15,634) 2,841
Repayments of short-term borrowings to Federal Home Loan Bank 0 0 (4,000)
Redemption of preferred stock Series C 0 0 (7,000)
Proceeds from exercise of stock options 60 55 789
Excess tax benefit from exercise of stock options 6 7 17
Cash dividend payments on common stock (1,979) (2,190) (2,048)
Cash dividend payments on preferred stock 0 0 (438)
Net cash provided by financing activities 75,202 32,881 65,824
Increase (decrease) in cash and cash equivalents 17,289 (34,724) 59,096
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 77,328 112,052 52,956
CASH AND CASH EQUIVALENTS AT END OF YEAR 94,617 77,328 112,052
Cash paid during the period for:      
Interest 1,059 1,171 1,430
Income taxes 1,865 1,360 1,790
Non-cash investing and financing activities:      
Transfer of securities from available-for-sale to held-to-maturity 0 31,346 0
Unrealized gain on transfer of securities from available-for-sale to held-to-maturity 0 163 0
Foreclosure of loan collateral and recognition of other real estate owned 227 235 190
Assumption of debt related to foreclosure of other real estate owned 121 0 0
Common stock issued in Visalia Community Bank acquisition $ 0 $ 0 $ 12,494