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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Interest received $ 20,943 $ 19,278
Fees and commissions received 3,870 3,640
Proceeds from sale of loans held for sale 25,102 33,204
Origination of loans held for sale (20,536) (34,858)
Interest paid (2,193) (2,391)
Cash paid to suppliers and employees (9,058) (9,669)
Income taxes paid (523) (683)
Net cash provided by operating activities 17,605 8,521
Cash flows from investing activities:    
Proceeds from maturities, calls, and principal payments of held-to-maturity securities 667 158
Proceeds from maturities, calls, and principal payments of available-for-sale securities 29,118 14,359
Proceeds from the sale of available-for-sale securities 5,983 0
Purchase of held-to-maturity securities (2,509) (249)
Purchase of available-for-sale securities (10,001) (3,053)
Loans made to customers, net of repayments (85,020) (26,096)
Purchase of Bank owned life insurance (210) (7,402)
Purchase of premises and equipment (611) (844)
Proceeds from sale of other real estate 0 388
Proceeds from sale of other assets 0 10
Net cash used in investing activities (62,583) (22,729)
Cash flows from financing activities:    
Net increase in non-interest bearing, savings and NOW deposit accounts 39,451 49,385
Net decrease in time deposits (1,259) (7,320)
Net decrease in securities sold under repurchase agreements (1,258) (818)
Dividends paid (2,678) (2,272)
Proceeds from sale of common stock pursuant to dividend reinvestment 1,967 1,603
Proceeds from exercise of stock options 47 135
Net cash provided by financing activities 36,270 40,713
Net increase (decrease) in cash and cash equivalents (8,708) 26,505
Cash and cash equivalents at beginning of period 109,253 68,007
Cash and cash equivalents at end of period 100,545 94,512
Reconciliation of net earnings to net cash provided by operating activities:    
Net earnings 5,643 5,616
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization, and accretion 1,324 1,090
Provision for loan losses 67 75
Gain on sale other real estate (49) (18)
Security gains (117) 0
Stock option compensation 12 13
Loss on the sale of other assets 0 1
Decrease (increase) in loans held for sale 3,899 (2,517)
Increase in deferred tax assets (599) (30)
Decrease (increase) in other assets, net 114 (120)
Increase in interest receivable (21) (222)
Increase in other liabilities 3,884 1,923
Increase in taxes payable 3,530 2,885
Decrease in interest payable (82) (175)
Total adjustments 11,962 2,905
Net cash provided by operating activities 17,605 8,521
Supplemental schedule of non-cash activities:    
Unrealized gain in values of securities available-for-sale, net of taxes of $1,058 and $731 for the three months ended March 31, 2016 and 2015, respectively 1,708 1,179
Non-cash transfers from loans to other real estate 577 105
Non-cash transfers from other real estate to loans 471 0
Non-cash transfers from loans to other assets $ 16 $ 0