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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 14,631 $ 12,992
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 1,225 976
Depreciation and Amortization 2,207 2,422
Loans Originated for Sale (76,344) (43,022)
Proceeds from Sales of Loans Held-for-Sale 73,482 44,295
Provision for Loan Losses 500 550
Gain on Sale of Loans, net (1,533) (862)
Gain on Securities, net (725) (472)
Loss on Sales of Other Real Estate and Repossessed Assets 37 44
Loss on Disposition and Impairment of Premises and Equipment 29 0
Increase in Cash Surrender Value of Company Owned Life Insurance (424) (413)
Equity Based Compensation 509 320
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 3,472 (4,120)
Interest Payable and Other Liabilities (1,306) 520
Net Cash from Operating Activities 15,760 13,230
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities, Calls, Redemptions of Securities Available-for-Sale 50,842 41,415
Proceeds from Sales of Securities Available-for-Sale 18,999 7,237
Purchase of Securities Available-for-Sale (61,954) (47,284)
Proceeds from Maturities of Securities Held-to-Maturity 89 84
Purchase of Federal Home Loan Bank Stock (1,082) (92)
Purchase of Loans (1,852) 0
Loans Made to Customers, net of Payments Received (23,781) (27,673)
Proceeds from Sales of Other Real Estate 800 1,036
Property and Equipment Expenditures (499) (1,743)
Net Cash from Investing Activities (18,438) (27,020)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (16,988) (69,757)
Change in Short-term Borrowings 29,021 64,453
Advances in Long-term Debt 25,000 21,500
Repayments of Long-term Debt (20,087) (1,252)
Issuance of Common Stock 52 50
Dividends Paid (4,499) (4,222)
Net Cash from Financing Activities 12,499 10,772
Net Change in Cash and Cash Equivalents 9,821 (3,018)
Cash and Cash Equivalents at Beginning of Year 42,446 60,132
Cash and Cash Equivalents at End of Year 52,267 57,114
Cash Paid During the Year for    
Interest 2,996 2,980
Income Taxes 2,976 1,769
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 798 986
Securities Transferred to Accounts Receivable $ 0 $ (3,323)