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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) [Abstract]    
NET INCOME $ 10,623 $ 9,127
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES    
Provision for loan losses 250 250
Depreciation and amortization 1,196 1,146
Stock-based compensation - net 464 337
Net amortization of premiums 577 583
Originations of mortgage loans held for sale (22,578) (22,689)
Proceeds from sale of mortgage loans originated for sale 21,602 22,413
Gain on sale of mortgage loans originated for sale (147) (205)
Gain on sale of portfolio loans (457) (198)
Decrease (increase) in other intangibles 108 (1)
Deferred tax expense 1,345 327
Increase in accrued interest and loan fees receivable (34) (98)
(Increase) decrease in other assets (722) 256
Adjustment to unfunded pension liability (12) (222)
Decrease in other liabilities (3,587) (2,537)
Income from bank-owned life insurance (691) (612)
Net gain on sale and calls of securities available for sale (24) (186)
Net cash provided by operating activities 7,913 7,691
CASH FLOWS FROM INVESTING ACTIVITIES    
Principal payments on investment securities - available for sale 5,010 2,886
Proceeds from sale of investment securities - available for sale 0 7,003
Maturities and calls of investment securities - available for sale 43,350 20,530
Purchases of investment securities - available for sale (13,188) (6,800)
Maturities and calls of investment securities - held to maturity 33,291 1,727
Purchases of investment securities - held to maturity 0 (3,000)
Decrease in interest-bearing time deposits in other banks 0 10,000
Decrease in Federal Reserve and Federal Home Loan Bank stock and other investments 6,287 2,423
Proceeds from sale of portfolio loans 49,184 23,986
Loan originations - net (112,775) (120,542)
Purchases of premises and equipment - net (3,615) (1,106)
Net cash provided by (used in) investing activities 7,544 (62,893)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposit accounts 168,396 162,334
Net decrease in short-term borrowings (150,000) (80,000)
Net increase in long-term borrowings 0 15,000
Proceeds from stock options exercised 0 462
Cash dividends paid on common stock (2,368) (1,405)
Proceeds from shares issued under the dividend reinvestment plan 1,253 345
Decrease in capital lease payable (62) (56)
Net cash provided by financing activities 17,219 96,680
NET INCREASE IN CASH AND CASH EQUIVALENTS 32,676 41,478
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 98,086 55,516
CASH AND CASH EQUIVALENTS, END OF PERIOD 130,762 96,994
SUPPLEMENTAL DATA:    
Interest paid 2,127 1,381
Income taxes paid 2,444 2,561
Loans transferred to held-for-sale 48,670 0
Loans transferred to OREO $ 650 $ 0