PARENT ONLY CONDENSED FINANCIAL STATEMENTS (Schedule of Condensed Cash Flow Statement) (Details) (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Cash flows from operating activities: | |||
Net Income | $ 15,240,000us-gaap_NetIncomeLoss | $ 13,369,000us-gaap_NetIncomeLoss | $ 8,185,000us-gaap_NetIncomeLoss |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Gain on sale of securities | (667,000)us-gaap_GainLossOnSaleOfSecuritiesNet | (6,000)us-gaap_GainLossOnSaleOfSecuritiesNet | (1,762,000)us-gaap_GainLossOnSaleOfSecuritiesNet |
Decrease (increase) in other assets | (5,884,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (2,225,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (610,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Increase in other liabilities | 3,453,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 1,514,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 1,646,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
Tax benefit (provision) from equity based compensation | (63,000)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense | (110,000)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense | (200,000)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
Net cash provided by operating activities | 28,544,000us-gaap_NetCashProvidedByUsedInOperatingActivities | 34,538,000us-gaap_NetCashProvidedByUsedInOperatingActivities | 38,697,000us-gaap_NetCashProvidedByUsedInOperatingActivities |
Cash flows from investing activities: | |||
Purchases of securities | (150,515,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (160,251,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (150,305,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities |
Sales of securities | 29,452,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities | 4,135,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities | 63,776,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities |
Net cash (used in) provided by investing activities | (144,742,000)us-gaap_NetCashProvidedByUsedInInvestingActivities | 20,604,000us-gaap_NetCashProvidedByUsedInInvestingActivities | (132,319,000)us-gaap_NetCashProvidedByUsedInInvestingActivities |
Cash flows from financing activities: | |||
Stock options exercised | 1,300,000us-gaap_ProceedsFromStockOptionsExercised | 1,396,000us-gaap_ProceedsFromStockOptionsExercised | 63,000us-gaap_ProceedsFromStockOptionsExercised |
Repurchase of common stock | (10,183,000)us-gaap_PaymentsForRepurchaseOfCommonStock | ||
Dividends paid | (4,775,000)us-gaap_PaymentsOfDividends | (3,680,000)us-gaap_PaymentsOfDividends | (3,385,000)us-gaap_PaymentsOfDividends |
Net cash provided by (used in) financing activities | 88,287,000us-gaap_NetCashProvidedByUsedInFinancingActivities | (38,954,000)us-gaap_NetCashProvidedByUsedInFinancingActivities | 92,404,000us-gaap_NetCashProvidedByUsedInFinancingActivities |
(Decrease) increase in cash and due from banks | (27,911,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 16,188,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (1,218,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents, beginning of year | 78,006,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 61,818,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 63,036,000us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents, end of year | 50,095,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 78,006,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 61,818,000us-gaap_CashAndCashEquivalentsAtCarryingValue |
Parent [Member] | |||
Cash flows from operating activities: | |||
Net Income | 15,240,000us-gaap_NetIncomeLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
13,369,000us-gaap_NetIncomeLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
8,185,000us-gaap_NetIncomeLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Undistributed net income of subsidiary | (274,000)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(11,212,000)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(9,131,000)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Gain on sale of securities | (238,000)us-gaap_GainLossOnSaleOfSecuritiesNet / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
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Decrease (increase) in other assets | 325,000us-gaap_IncreaseDecreaseInOtherOperatingAssets / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(75,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
583,000us-gaap_IncreaseDecreaseInOtherOperatingAssets / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Increase in other liabilities | (71,000)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
106,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
50,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Tax benefit (provision) from equity based compensation | 29,000us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(36,000)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
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Net cash provided by operating activities | 14,982,000us-gaap_NetCashProvidedByUsedInOperatingActivities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
2,217,000us-gaap_NetCashProvidedByUsedInOperatingActivities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(349,000)us-gaap_NetCashProvidedByUsedInOperatingActivities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Cash flows from investing activities: | |||
Purchases of securities | (37,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
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Sales of securities | 402,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
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Net cash (used in) provided by investing activities | 365,000us-gaap_NetCashProvidedByUsedInInvestingActivities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
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Cash flows from financing activities: | |||
Stock options exercised | 1,075,000us-gaap_ProceedsFromStockOptionsExercised / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
1,088,000us-gaap_ProceedsFromStockOptionsExercised / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
51,000us-gaap_ProceedsFromStockOptionsExercised / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Repurchase of common stock | (10,183,000)us-gaap_PaymentsForRepurchaseOfCommonStock / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
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Dividends paid | (4,775,000)us-gaap_PaymentsOfDividends / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(3,680,000)us-gaap_PaymentsOfDividends / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(3,385,000)us-gaap_PaymentsOfDividends / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Net cash provided by (used in) financing activities | (13,883,000)us-gaap_NetCashProvidedByUsedInFinancingActivities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(2,592,000)us-gaap_NetCashProvidedByUsedInFinancingActivities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(3,334,000)us-gaap_NetCashProvidedByUsedInFinancingActivities / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(Decrease) increase in cash and due from banks | 1,464,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(375,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(3,683,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Cash and cash equivalents, beginning of year | 1,337,000us-gaap_CashAndCashEquivalentsAtCarryingValue / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
1,712,000us-gaap_CashAndCashEquivalentsAtCarryingValue / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
5,395,000us-gaap_CashAndCashEquivalentsAtCarryingValue / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
Cash and cash equivalents, end of year | $ 2,801,000us-gaap_CashAndCashEquivalentsAtCarryingValue / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
$ 1,337,000us-gaap_CashAndCashEquivalentsAtCarryingValue / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
$ 1,712,000us-gaap_CashAndCashEquivalentsAtCarryingValue / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net gain (loss) realized from the sale, exchange, redemption, or retirement of securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale or maturity (principal being due) of securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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