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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 5,054 $ 6,398
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 333 600
Depreciation and amortization 804 731
Net premium amortization on investment securities 843 802
Deferred income tax benefit (32) (177)
Gains on sales of mortgage loans (80) (440)
Proceeds from sales of mortgage loans originated for resale 3,298 18,860
Originations of mortgage loans originated for resale (4,173) (18,932)
Gains on sales of investment securities (1,800) (2,680)
Losses (gains) on sales of foreclosed real estate held for resale, including write-downs 47 (70)
Decrease in accrued interest receivable 295 40
Earnings on investment in bank owned life insurance (349) (347)
Losses on disposals of premises and equipment 0 133
Decrease in other assets 49 141
Decrease in prepaid FDIC insurance 0 1,002
Increase (decrease) in accrued interest payable 14 (113)
(Decrease) increase in other liabilities (3,110) 75
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,193 6,023
INVESTING ACTIVITIES    
Proceeds from sales of investment securities available-for-sale 120,202 27,811
Proceeds from maturities and redemptions of investment securities available-for-sale 19,243 25,762
Purchases of investment securities available-for-sale (127,704) (89,847)
Proceeds from maturities and redemptions of investment securities held-to-maturity 8 7
Net change in restricted investment in bank stocks (1,900) (680)
Net increase in loans (16,295) (3,995)
Purchases of premises and equipment (400) (1,800)
Proceeds from sales of foreclosed assets held for resale 458 443
NET CASH USED IN INVESTING ACTIVITIES (6,388) (42,299)
FINANCING ACTIVITIES    
Net (decrease) increase in deposits (47,499) 27,799
Net increase in short-term borrowings 20,201 4,855
Proceeds from long-term borrowings 20,000 5,000
Repayment of long-term borrowings (5,049) (7,045)
Common stock issued 539 492
Dividends paid (2,874) (2,853)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (14,682) 28,248
CASH AND CASH EQUIVALENTS, BEGINNING 30,623 20,920
CASH AND CASH EQUIVALENTS, ENDING 10,746 12,892
DECREASE IN CASH AND CASH EQUIVALENTS (19,877) (8,028)
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 2,219 2,588
Income taxes paid 1,119 453
Loans transferred to foreclosed assets held for resale $ 262 $ 420