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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Operating Activities          
Net Income $ 7,193 $ 6,316 $ 12,804 $ 12,031  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 254 643 700 1,136 $ 2,220
Depreciation expense     1,446 1,459  
Investment securities amortization and accretion, net     1,049 831  
Stock-based compensation expense     410 431  
Amortization of intangible assets 287 287 574 574  
Net gain on sale of investment securities 0 (285) 0 (451)  
Net increase in other real estate owned valuation allowance and loss on disposition     216 43  
Originations of mortgage loans held for sale     (13,949) (399)  
Proceeds from the sale of mortgage loans     12,833 416  
Gain on sale of mortgage loans     (292) (17)  
Increase in other assets     (992) (1,758)  
(Decrease) increase in other liabilities     (143) 271  
Net cash provided by operating activities     14,656 14,567  
Investing Activities          
Proceeds from sales and maturities of available-for-sale securities     76,042 75,517  
Purchase of available-for-sale securities     (56,005) (29,036)  
Purchase of held-to-maturity securities     (36,334) (9,847)  
Net increase in loans     (36,747) (118,348)  
Purchase of Federal Home Loan Bank stock     (10) (706)  
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock     0 51  
Proceeds from the sale of other real estate owned     2,268 890  
Recoveries of previously charged-off loans     285 383  
Purchase of premises and equipment     (1,117) (494)  
Net cash used by investing activities     (51,618) (81,590)  
Financing Activities          
Net increase in deposits     49,085 43,725  
Proceeds from Federal Home Loan Bank Advances     10,000 0  
Repayments on Federal Home Loan Bank long-term advances     (10,038) (36)  
Net (decrease) increase in other borrowed funds     (12,883) 34,832  
Registration statement costs     (421) 0  
Common stock repurchased     0 (7,475)  
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings and tax benefit     375 152  
Cash dividends paid on common stock     (4,474) (4,065)  
Net cash provided by financing activities     31,644 67,133  
Net (decrease) increase in cash and cash equivalents     (5,318) 110  
Cash and cash equivalents at beginning of period     60,813 51,355 51,355
Cash and cash equivalents at end of period $ 55,495 $ 51,465 55,495 51,465 $ 60,813
Supplemental information          
Interest paid     3,040 6,075  
Income taxes paid     4,350 3,720  
Transfer from loans to other real estate owned     1,548 955  
Held-to-maturity securities purchased but unsettled     $ 3,888 $ 0