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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net Income $ 4,636 $ 4,379
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,600 2,000
Depreciation and amortization 908 850
Net amortization on securities 1,055 558
Amortization of core deposit intangible 8  
Share based compensation expense 512 430
Net securities gains (135) (1,303)
Increase in accrued interest receivable (417) (392)
(Increase) decrease in other assets (59) 2,250
Increase in accrued expenses and other liabilities 1,918 351
Net cash provided by operating activities 10,026 9,123
Cash flows from investing activities:    
Purchases of securities available for sale (108,124) (109,015)
Purchases of securities, restricted (140) (14)
Purchases of securities held to maturity (38,689) (88,802)
Proceeds from sales of securities available for sale 14,084 31,446
Redemption of securities, restricted 225  
Maturities, calls and principal payments of securities available for sale 56,680 82,395
Maturities, calls and principal payments of securities held to maturity 33,493 28,951
Net increase in loans (47,280) (21,240)
Purchase of premises and equipment (599) (1,871)
Net cash acquired in business combination 2,309  
Net cash used in investing activities (88,041) (78,150)
Cash flows from financing activities:    
Net increase in deposits 98,411 65,928
Net decrease in federal funds purchased and FHLB overnight borrowings (7,000)  
Net decrease in FHLB term advances (5,016)  
Net (decrease) increase in repurchase agreements (173) 1,841
Net proceeds from exercise of stock options   17
Net proceeds from issuance of common stock 1,798 315
Repurchase of surrendered stock from exercise of stock options and vesting of restricted stock awards (61) (5)
Excess tax (expense) benefit from share based compensation (1) 5
Cash dividends paid (2,944) (2,887)
Net cash provided by financing activities 85,014 65,214
Net increase (decrease) in cash and cash equivalents 6,999 (3,813)
Cash and cash equivalents at beginning of period 22,918 34,147
Cash and cash equivalents at end of period 29,917 30,334
Cash paid for:    
Interest 3,695 3,929
Income tax 820 2,890
Noncash investing and financing activities:    
Securities which settled in the subsequent period   4,227
Dividends declared and unpaid at end of period   1,449
Acquisition of noncash assets and liabilities:    
Fair value of assets acquired 66,649  
Fair value of liabilities assumed $ 65,059