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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 8,776 $ 9,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums and accretion of discounts on investment securities, net 941 1,841
Depreciation and amortization 428 429
Provision for loan losses 909  
Stock-based compensation 34 25
Other-than-temporary impairment losses on investment securities   24
Gains on sales of investment securities, net (1,989) (943)
Net loss on sale of other real estate owned   75
Loans originated for resale (2,821) (12,351)
Proceeds from sale of loans held for sale 2,417 13,486
Gains on sale of loans held for sale (79) (229)
Decrease (increase) in accrued interest receivable 388 (1)
Decrease in prepaid FDIC insurance assessments   811
Increase in cash surrender value of bank-owned life insurance (511) (548)
Life insurance death benefit   (291)
Decrease (increase) in other assets 2,545 (3,215)
(Decrease) increase in other liabilities (645) 1,185
Net cash provided by operating activities 10,393 10,145
Investment securities available-for-sale:    
Purchases (10,487) (119,749)
Sales 66,738 78,911
Maturities, calls and principal repayments 14,486 29,583
Investment securities held-to-maturity:    
Purchases (8,310) (6,104)
Maturities and principal repayments 5,068 2,803
Net (purchases) redemption of restricted investment in bank stocks (2,303) (22)
Net increase in loans (45,730) (13,421)
Purchases of premises and equipment (747) (304)
Proceeds from bank-owned life insurance death benefits   592
Proceeds from sale of other real estate owned   1,230
Net cash provided by (used in) investing activities 18,715 (26,481)
Cash flows from financing activities:    
Net (decrease) increase in deposits (67,385) (26,028)
Net increase in borrowings 50,000  
Cash dividends on preferred stock (56) (84)
Cash dividends on common stock (2,456) (1,978)
Issuance of restricted stock awards   243
Issuance cost of common stock (7) (6)
Tax benefit of options exercised 241  
Proceeds from exercise of stock options 480 10
Net cash (used in) provided by financing activities (19,183) (27,843)
Net change in cash and cash equivalents 9,925 (44,179)
Cash and cash equivalents at beginning of period 82,692 106,138
Cash and cash equivalents at end of period 92,617 61,959
Cash payments for:    
Interest paid on deposits and borrowings 5,425 5,548
Income taxes 2,553 1,630
Supplemental disclosures of non-cash investing activities:    
Transfer of loans to other real estate owned   236
Dividends declared, not paid 1,063  
Transfer of investment securities available-for-sale to investment securities held-to-maturity   $ 75,694