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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 9,921 $ 9,539
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 1,151 997
Provision for loan losses 147 550
Amortization (accretion), net 627 (608)
OREO writedowns (gains on sales), net (679) (61)
Stock compensation expense 208 128
Loans originated for sale (5,167) (9,919)
Secondary market loans sold 4,991 9,639
Secondary market income (142) (211)
Gain on disposition of securities (28) (220)
Changes in:    
Interest receivable 461 408
Other assets 1,180 1,287
Interest payable (74) (77)
Other liabilities 981 568
Net cash from operating activities 13,577 12,020
Cash flows from investing activities    
Purchases of securities available for sale (36,435) (27,230)
Proceeds from the sale of securities available for sale 4,842 149
Proceeds from maturities and calls of securities available for sale 36,654 62,533
Redemption of FHLB stock 408 0
Net change in loans (20,249) (26,622)
Acquisition of subsidiary, net of cash received 40,973 0
Purchases of premises and equipment, net (725) (891)
Improvements to OREO property (189) (1,571)
Proceeds from sales of other real estate acquired through foreclosure 3,370 2,721
Net cash from investing activities 28,649 9,089
Cash flows from financing activities    
Net change in deposits (31,373) (6,247)
Net change in agreements to repurchase securities 1,836 (11,531)
Net change in federal funds purchased 0 2,219
Net change in short-term Federal Home Loan Bank advances 5,000 5,000
Redemption of Preferred Stock (7,000) 0
Repayment of other borrowed funds (1,814) (1,649)
Proceeds from stock option exercises 567 444
Common stock dividends paid (3,796) (2,640)
Preferred stock dividends paid (490) (450)
Net cash from financing activities (37,070) (14,854)
Net change in cash and cash equivalents 5,156 6,255
Cash and cash equivalents at beginning of period 76,761 70,245
Cash and cash equivalents at end of period 81,917 76,500
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 3,325 3,741
Cash paid during period for income taxes 4,179 4,336
Loans transferred to real estate acquired through foreclosure $ 1,552 $ 1,462