XML 36 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
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 $ 10,783 $ 7,248
Adjustments to reconcile net income to net cash provided by operations:    
PROVISION FOR LOAN LOSSES 2,520 4,045
Depreciation and amortization of premises and equipment, core deposit intangible, and mortgage servicing rights 2,063 1,120
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income 153 2,117
Net realized gains on sales of available-for-sale securities (204) (328)
Net realized and unrealized (gains) losses on trading securities (74) (331)
Proceeds from sale of trading securities 0 3,818
Purchase of trading securities (210) (3,803)
Gain on sale of loans (257) (504)
Net losses (gains) on dispositions of premises and equipment and foreclosed assets 130 (77)
Proceeds from sale of loans 3,563 18,116
Origination of loans held for sale (3,942) (15,392)
Income on bank owned life insurance (479) (1,077)
Stock-based compensation expense 327 186
Contribution of treasury stock 60 60
Changes in:    
Accrued interest receivable and other assets 3,571 (141)
Accrued interest payable and other liabilities (4,272) (3,526)
NET CASH PROVIDED BY OPERATING ACTIVITIES 13,732 11,531
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net (increase) decrease in interest bearing time deposits with other banks 50 (52)
Proceeds from maturities, prepayments and calls of available-for-sale securities 34,335 63,596
Proceeds from sales of available-for-sale securities 29,128 33,672
Purchase of available-for-sale securities (62,868) (113,998)
Loan origination and payments, net (13,006) (57,734)
Purchase of bank owned life insurance 0 (2,000)
Purchase of FHLB and other equity interests (1,507) (881)
Purchase of premises and equipment (2,482) (1,738)
Proceeds from the sale of premises and equipment and foreclosed assets 301 429
NET CASH USED IN INVESTING ACTIVITIES (16,049) (78,706)
Net change in:    
Checking, money market and savings accounts 80,563 75,382
Certificates of deposit (64,830) (13,839)
Proceeds from sale of treasury stock 0 2
Purchase of treasury stock (1,582) 0
Cash dividends paid (4,774) (4,128)
Repayment of long-term borrowings (112) (94)
Proceeds from long-term borrowings 950 900
Net change in short-term borrowings (3,180) 1,865
NET CASH PROVIDED BY USED IN FINANCING ACTIVITIES 7,035 60,088
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 4,718 (7,087)
CASH AND CASH EQUIVALENTS, Beginning 29,633 31,881
CASH AND CASH EQUIVALENTS, Ending 34,351 24,794
Cash paid during the period for:    
Interest 6,197 6,326
Income taxes 4,076 1,862
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 161 204
Grant of restricted stock awards from treasury stock $ 609 $ 539