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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,994 $ 5,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 669 449
Provision for loan losses 1,741 881
Depreciation and amortization of fixed assets 1,808 1,513
Amortization of premiums on securities, net 1,223 1,125
Gains on sales of loans held for sale, net (125) (291)
Proceeds from sales of loans held for sale 5,477 9,470
Loans originated and held for sale (5,571) (9,069)
Net gains on trading assets (30) (13)
Net gains on securities transactions (522) (1)
Proceeds from sales of trading assets 7 5
Purchase of trading assets (61) (32)
Net loss (gain) on sales of other real estate owned 44 (16)
Decrease (increase) in other assets 1,672 (1,422)
Decrease in prepaid FDIC assessment 0 1,970
Decrease in accrued interest payable (46) (48)
Expense related to restricted stock units for directors' deferred compensation plan 48 51
Expense related to employee stock compensation 117 112
Expense related to employee stock awards 74 86
(Decrease) increase in other liabilities (3,041) 1,289
Proceeds from bank owned life insurance 110 0
Income from bank owned life insurance (39) (42)
Net cash provided by operating activities 7,549 11,083
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 49,765 10,534
Proceeds from maturities and principal collected on securities available for sale 13,272 31,120
Proceeds from maturities and principal collected on securities held to maturity 1,813 3,908
Purchases of securities available for sale (2,627) (31,760)
Purchases of securities held to maturity (592) (4,730)
Purchase of FHLB and FRBNY stock (293) (2,930)
Redemption of FHLB and FRBNY stock 45 3,061
Purchases of premises and equipment (1,707) (998)
Proceeds from sales of other real estate owned 298 88
Net increase in loans (89,949) (40,611)
Net cash used by investing activities (29,975) (32,318)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 61,148 21,959
Net decrease in time deposits (18,976) (11,725)
Net decrease in securities sold under agreements to repurchase (1,955) (2,143)
Repayments of FHLB long term advances (1,107) (1,124)
Increase in long term capital lease obligation 384 0
Purchase of treasury stock 0 (93)
Sale of treasury stock 0 71
Cash dividends paid (2,395) (1,194)
Net cash provided by financing activities 37,099 5,751
Net increase (decrease) in cash and cash equivalents 14,673 (15,484)
Cash and cash equivalents, beginning of period 51,609 40,241
Cash and cash equivalents, end of period 66,282 24,757
Cash paid for:    
Interest 1,888 2,085
Income taxes 1,246 2,591
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 578 95
Dividends declared, not yet paid $ 1,201 $ 1,195