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Consolidated Statement Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities:    
Net income $ 11,063 $ 9,833
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Gain on sale of securities, net (461) (318)
Gain on sale of premises and equipment (1,115) 0
Depreciation and amortization of premises and equipment 1,355 1,336
Amortization of software 136 137
Intangible asset amortization 214 175
Amortization of investment security premium, net of discount accretion (126) 34
Deferred tax liability (1,503) (306)
Stock-based compensation 254 391
Excess tax benefits from share-based payment arrangements (5) (31)
Deferral of loan fees and costs, net 627 377
Provision (benefit) for loan losses (1,136) (635)
Reserve for (recovery from) purchased receivables 447 (31)
Purchases of loans held for sale (117,225) (125,497)
Proceeds from the sale of loans held for sale 118,201 123,301
Gain on sale of other real estate owned (470) (190)
Impairment on other real estate owned 45 70
Equity in undistributed earnings from mortgage affiliate (239) 76
Net changes in assets and liabilities:    
(Increase) in accrued interest receivable (754) (144)
Decrease in other assets 1,685 514
Increase (decrease) in other liabilities (2,606) 1,352
Net Cash (Used) Provided by Operating Activities 8,387 10,444
Investing Activities:    
Purchases of investment securities available for sale (156,014) (94,679)
Proceeds from sales/maturities of securities available for sale 173,239 59,316
Purchases of domestic certificates of deposit (3,500) (13,500)
Proceeds from maturities of domestic certificates of deposit 13,500 13,500
Proceeds from redemption of FHLB stock 129 53
Alaska Pacific acquisition, net of cash received 6,367 0
Decrease in purchased receivables, net 1,250 5,252
(Increase) decrease in loans, net (28,899) (50,129)
Proceeds from sale of other real estate owned 1,828 1,307
(Increase) decrease in loan to Elliott Cove, net 189 (17)
Purchases of premises and equipment (4,104) (1,622)
Net Cash Provided (Used) by Investing Activities 3,985 (80,519)
Financing Activities:    
(Decrease) increase in deposits 37,206 (1,900)
(Decrease) increase in securities sold under repurchase agreements (1,212) 3,977
(Decrease) increase in borrowings (4,352) 2,099
Distributions to noncontrolling interest (341) (288)
Proceeds from the issuance of common stock 75 0
Excess tax benefits from share-based payment arrangements 5 31
Cash dividends paid (3,503) (3,062)
Net Cash (Used) Provided by Financing Activities 27,878 857
Net (Decrease) increase in Cash and Cash Equivalents 40,250 (69,218)
Cash and Cash Equivalents at Beginning of Period 85,591 141,313
Cash and Cash Equivalents at End of Period 125,841 72,095
Supplemental Information:    
Income taxes paid 3,627 3,547
Interest paid 1,408 1,538
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 8,518 0
Transfer of loans to other real estate owned 1,158 365
Transfer of premises to other real estate owned 904 0
Cash dividends declared but not paid 23 31
Assets acquired 167,199 0
Liabilities assumed $ 153,172 $ 0