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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net income $ 10,432 $ 9,851
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 700 150
Depreciation 1,357 1,274
Net accretion of purchase accounting adjustments (2,790) (2,064)
Core deposit intangible amortization 901 888
Net amortization (accretion) of securities 2,062 1,916
Net gains on sale or call of securities (553) (504)
Net gain on sale of loans held for sale (771) (686)
Proceeds from sales of loans held for sale 42,691 40,813
Originations of loans held for sale (44,302) (38,178)
Net gain on other real estate owned (199) (100)
Valuation allowance on other real estate owned 86 46
Net loss on sale of premises and equipment 5 0
Equity based compensation expense 539 497
Net change in bank owned life insurance (343) (297)
Deferred income tax expense 1,482 396
Net change in interest receivable 491 (619)
Net change in other assets 107 450
Net change in interest payable 3 (29)
Net change in other liabilities (606) 153
Net cash provided by operating activities 11,292 13,957
Cash Flows from Investing Activities:    
Proceeds from sales of securities available for sale 7,429 13,667
Proceeds from maturities, calls and paydowns of securities available for sale 70,759 52,901
Purchases of securities available for sale (75,069) (47,006)
Net change in restricted stock (354) 360
Net increase in loans (23,786) (20,276)
Proceeds from sale of premises and equipment 42 0
Purchases of premises and equipment (1,203) (685)
Proceeds from sales of other real estate owned 1,993 1,498
Cash paid in bank acquisition (5,935) 0
Cash acquired in bank acquisition 18,173 0
Net cash (used in) provided by investing activities (7,951) 459
Cash Flows from Financing Activities:    
Net change in demand, money market, and savings deposits 31,727 23,792
Net change in time deposits (18,148) (30,407)
Net change in customer repurchase agreements (9,901) 12,467
Net change in long-term borrowings 0 (38)
Common stock dividends paid (5,996) (5,426)
Repurchase of stock (2,808) (1,508)
Proceeds from exercise of stock options 399 0
Net cash used in financing activities (4,727) (1,120)
Net Increase (Decrease) in Cash and Cash Equivalents (1,386) 13,296
Cash and Cash Equivalents at Beginning of Period 67,303 67,681
Cash and Cash Equivalents at End of Period $ 65,917 $ 80,977