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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income $ 7,437 $ 8,553
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 433 733
Depreciation and amortization 1,213 1,129
Net premium amortization on investment securities 1,207 1,333
Deferred income tax expense (benefit) 155 (274)
Gains on sales of mortgage loans (148) (517)
Proceeds from sales of mortgage loans originated for resale 6,000 22,737
Originations of mortgage loans originated for resale (8,077) (22,576)
Gains on sales of investment securities (1,963) (2,944)
Losses (gains) on sales of foreclosed real estate held for resale, including write-downs 36 (70)
Decrease in accrued interest receivable 211 192
Earnings on investment in bank owned life insurance (514) (518)
Losses on disposals of premises and equipment 0 138
(Increase) decrease in other assets (300) 1,058
Increase in accrued interest payable 9 609
Decrease in other liabilities (3,041) (239)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,658 9,344
INVESTING ACTIVITIES    
Proceeds from sales of investment securities available-for-sale 138,218 56,944
Proceeds from maturities and redemptions of investment securities available-for-sale 31,087 30,215
Purchases of investment securities available-for-sale (150,390) (120,964)
Proceeds from maturities and redemptions of investment securities held-to-maturity 12 1,012
Net change in restricted investment in bank stocks (2,355) 1,403
Net increase in loans (37,178) (13,251)
Purchases of premises and equipment (516) (2,540)
Proceeds from sales of foreclosed assets held for resale 489 468
NET CASH USED IN INVESTING ACTIVITIES (20,633) (46,713)
FINANCING ACTIVITIES    
Net (decrease) increase in deposits (33,976) 57,249
Net increase (decrease) in short-term borrowings 8,617 (30,516)
Proceeds from long-term borrowings 30,000 10,000
Repayment of long-term borrowings (5,065) (7,067)
Common stock issued 826 722
Proceeds from issuance of treasury stock 0 33
Dividends paid (4,315) (4,283)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (3,913) 26,138
DECREASE IN CASH AND CASH EQUIVALENTS (21,888) (11,231)
CASH AND CASH EQUIVALENTS, BEGINNING 30,623 20,920
CASH AND CASH EQUIVALENTS, ENDING 8,735 9,689
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 3,304 3,819
Income taxes paid 1,755 968
Loans transferred to foreclosed assets held for resale $ 262 $ 420