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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Operating Activities          
Net Income $ 6,456 $ 6,451 $ 19,260 $ 18,482  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 279 539 979 1,675 $ 2,220
Depreciation expense     2,130 2,199  
Investment securities amortization and accretion, net     1,638 1,301  
Stock-based compensation expense     542 453  
Amortization of intangible assets 288 287 862 861  
Net gain on sale of investment securities (4) 0 (4) (451)  
Net increase in other real estate owned valuation allowance and loss on disposition     348 222  
Originations of mortgage loans held for sale     (25,341) (399)  
Proceeds from the sale of mortgage loans     24,996 416  
Gain on sale of mortgage loans     (541) (17)  
Increase in other assets     (3,107) (3,438)  
(Decrease) increase in other liabilities     (11) 806  
Net cash provided by operating activities     21,751 22,110  
Investing Activities          
Proceeds from sales and maturities of available-for-sale securities     123,650 105,818  
Purchase of available-for-sale securities     (81,262) (62,494)  
Purchase of held-to-maturity securities     (55,462) (11,589)  
Net increase in loans     (60,601) (148,967)  
Purchase of bank-owned life insurance     0 (10,000)  
Payments to Acquire Federal Home Loan Bank Stock     56 706  
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock     0 51  
Proceeds from the sale of other real estate owned     2,760 1,591  
Recoveries of previously charged-off loans     554 538  
Purchase of premises and equipment     (1,797) (831)  
Net cash used by investing activities     (72,214) (126,589)  
Financing Activities          
Net increase in deposits     76,155 114,850  
Proceeds from Federal Home Loan Bank Advances     10,000 0  
Repayments on Federal Home Loan Bank long-term advances     (11,039) (54)  
Net (decrease) increase in other borrowed funds     (12,081) 11,171  
Registration statement costs     (537) 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     512 157  
Cash dividends paid on common stock     (6,716) (6,075)  
Net cash provided by financing activities     56,294 112,574  
Net increase in cash and cash equivalents     5,831 8,095  
Cash and cash equivalents at beginning of period     60,813 51,355 51,355
Cash and cash equivalents at end of period $ 66,644 $ 59,450 66,644 59,450 $ 60,813
Supplemental information          
Interest paid     9,104 9,129  
Income taxes paid     8,345 10,147  
Transfer from loans to other real estate owned     $ 1,725 $ 1,184