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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 6,269 $ 6,770
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 874 735
Provision (credit) for loan losses (77) (389)
Amortization (accretion), net 307 484
OREO writedowns (gains on sales), net 254 (800)
Stock compensation expense 163 170
Loans originated for sale (1,679) (3,192)
Secondary market loans sold 1,941 2,851
Secondary market income (38) (69)
Changes in:    
Interest receivable (52) 417
Other assets 166 1,066
Interest payable (47) (56)
Other liabilities (227) 174
Net cash from operating activities 7,854 8,161
Cash flows from investing activities    
Purchases of securities available for sale (30,705) (34,453)
Proceeds from maturities and calls of securities available for sale 33,557 24,298
Purchase of FHLB stock (76) 0
Redemption of FHLB stock 0 408
Net change in loans (4,415) 1,605
Acquisition of subsidiary, net of cash received 0 40,973
Purchases of premises and equipment, net (377) (290)
Improvements to OREO property (29) (242)
Proceeds from sales of other real estate acquired through foreclosure 2,649 2,803
Net cash from investing activities 604 35,102
Cash flows from financing activities    
Net change in deposits (4,618) (18,903)
Net change in agreements to repurchase securities (273) (316)
Repayment of other borrowed funds (3,215) (1,207)
Proceeds from other borrowings 4,000 0
Proceeds from stock option exercises 201 449
Purchase of warrant (5,675) 0
Common stock dividends paid (2,120) (2,822)
Preferred stock dividends paid 0 (300)
Net cash from financing activities (11,700) (23,099)
Net change in cash and cash equivalents (3,242) 20,164
Cash and cash equivalents at beginning of period 75,384 76,761
Cash and cash equivalents at end of period 72,142 96,925
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 2,128 2,207
Cash paid during period for income taxes 2,866 2,299
Loans transferred to real estate acquired through foreclosure 1,255 1,079
Premises transferred to other real estate owned $ 760 $ 0