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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 19,925 $ 17,507 $ 13,926
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 886 914 983
Provision for loan losses 350 325 2,448
Provision for deferred taxes 1,739 1,912 3,406
Stock-based compensation expense 59 39 35
Net other-than-temporary impairment losses 652 870 342
Net gains on sales of available-for-sale securities (2,363) (2,882) (3,976)
Net gains on sales of loans held for sale (294) (484) (251)
Net loans originated for sale (14,816) (22,013) (14,357)
Proceeds from sale of loans held for sale 16,601 22,024 13,923
Net gains on disposition of premises and equipment (2) 0 0
Net loss on sales of other real estate owned 75 9 5
Life insurance death benefit (291) 0 0
Increase in cash surrender value of bank-owned life insurance (1,073) (1,018) (1,038)
Net amortization of securities 3,316 4,589 4,012
Increase in accrued interest receivable (233) (241) (2,085)
Decrease in prepaid FDIC insurance assessments 811 1,073 1,698
Increase in other assets (397) (2,538) (402)
(Decrease) increase in other liabilities (1,792) 980 (585)
Net cash provided by operating activities 23,153 21,066 18,084
Cash flows from investing activities:      
Investment securities available-for-sale: Purchases (155,464) (207,880) (400,644)
Investment securities available-for-sale: Sales 122,165 130,059 254,821
Investment securities available-for-sale: Maturities, calls and principal repayments 46,378 48,406 48,029
Investment securities held-to-maturity: Purchases (23,531) (16,606) (13,118)
Maturities and principal repayment 3,830 30,258 7,475
Net (purchase) redemption of restricted investment in bank stock (22) 319 363
Net increase in loans (71,761) (83,478) (49,223)
Purchases of premises and equipment (973) (842) (316)
Purchase of bank-owned life insurance 0 (5,000) 0
Proceeds from life insurance death benefits 592 0 0
Proceeds from sale of premises and equipment 2 0 0
Proceeds from sale of other real estate owned 1,230 500 33
Cash and cash equivalent acquired in acquisition 0 6,195 0
Cash consideration paid in acquisition 0 (10,251) 0
Net cash used in investing activities (77,554) (108,320) (152,580)
Cash flows from financing activities:      
Net increase in deposits 35,083 100,271 261,083
Net decrease in short-term borrowings 0 0 (41,855)
Payments on long-term borrowings 0 (15,000) (10,000)
Cash dividends on preferred stock (141) (363) (417)
Cash dividends on common stock (4,254) (2,778) (1,955)
Proceeds from issuance of Series B preferred stock 0 0 11,250
Redemption of Series A preferred stock 0 0 (10,000)
Warrant repurchased 0 0 (245)
Issuance cost of common stock (13) (8) (5)
Issuance cost of Series B preferred stock 0 0 (84)
Tax expense from stock based compensation 16 28 0
Issuance of restricted stock award 243 0 0
Proceeds from exercise of stock options 21 141 328
Net cash provided by financing activities 30,955 82,291 208,100
Net (decrease) increase in cash and cash equivalents (23,446) (4,963) 73,604
Cash and cash equivalents at beginning of period 106,138 111,101 37,497
Cash and cash equivalents at end of period 82,692 106,138 111,101
Supplemental disclosures of non-cash investing activities:      
Trade date accounting settlement for investments 8,759 0 0
Noncash activities: Transfer of loans to other real estate owned 236 1,300 629
Transfer from investment securities available-for-sale to investment securities held-to-maturity 138,300 0 66,833
Interest paid on deposits and borrowings 10,993 11,894 12,226
Income taxes 4,727 6,280 4,484
Non-cash assets acquired: Investment securities available-for-sale 0 37,143 0
Non-cash assets acquired: Loans 0 52,192 0
Non-cash assets acquired: Premises and equipment, net 0 1,262 0
Non-cash assets acquired: Accrued interest receivable 0 389 0
Total non-cash assets acquired 0 90,986 0
Liabilities assumed: Deposits 0 85,236 0
Liabilities assumed: Other liabilities 0 795 0
Total liabilities assumed 0 86,031 0
Net non-cash assets acquired 0 4,056 0
Bargain gain on acquisition 0 899 0
Net cash and cash equivalents acquired 0 6,195 0
Cash consideration paid in acquisition $ 0 $ 10,251 $ 0