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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net income $ 5,715 $ 5,662
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 493 674
Depreciation and amortization expense 944 737
Investment securities amortization and accretion, net 411 623
Stock-based compensation expense 176 173
Amortization of intangible assets 287 288
Net gain on sale of investment securities (166) (138)
Net increase in other real estate owned valuation allowance and loss on disposition 15 7
Originations of mortgage loans held for sale 0 (10,988)
Proceeds from the sale of mortgage loans 0 9,687
Gain on sale of mortgage loans 0 (307)
Decrease in trading assets 180 56
(Increase) decrease in other assets (1,278) 559
Decrease in other liabilities (366) (33)
Net cash provided by operating activities 6,411 7,000
Investing Activities    
Proceeds from sales and maturities of available-for-sale securities 33,205 41,365
Purchase of available-for-sale securities (19,395) (68,864)
Purchase of held-to-maturity securities (5,976) 0
Net increase in loans (40,892) (15,302)
Purchase of Federal Home Loan Bank Stock (693) 0
Proceeds from sale of Federal Home Loan Bank stock 0 1,310
Proceeds from the sale of other real estate owned 0 43
Recoveries of previously charged-off loans 237 228
Cash settlement in Branch Acquisition 0 (3,288)
Purchase of premises and equipment (283) (359)
Net cash used by investing activities (33,797) (44,867)
Financing Activities    
Net increase in deposits 22,899 22,316
Repayments on Federal Home Loan Bank long-term advances (18) (122)
Net change in short-term Federal Home Loan Bank borrowings 44,000 52,800
Net decrease in other borrowed funds (32,691) (46,621)
Common stock repurchased (4,355) 0
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings and tax benefit 118 (19)
Cash dividends paid on common stock (2,045) (1,909)
Net cash provided by financing activities 27,908 26,445
Net increase (decrease) in cash and cash equivalents 522 (11,422)
Cash and cash equivalents at beginning of year 51,355 58,290
Cash and cash equivalents at end of period 51,877 46,868
Supplemental information    
Interest paid 3,019 3,481
Income taxes paid 1,500 300
Transfer from loans to other real estate owned 532 650
Common stock repurchased but unsettled 358 0
Held-to-maturity securities purchased but unsettled $ 1,008 $ 0