XML 1139 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows From Operating Activities:      
Net income $ 17,136 $ 15,104 $ 11,316
Adjustments to reconcile net income to net cash provided by operations:      
Provision for loan losses 6,381 4,937 5,158
Depreciation and amortization of premises and equipment 2,225 2,075 2,034
Securities amortization and accretion and deferred loan fees and costs 4,509 2,786 1,466
Deferred taxes (240) 441 2,251
Net impairment losses realized in earnings and gains on sales of available-for-sale securities (1,379) (216) 581
Net realized and unrealized gains on securities for which fair value was elected (564) (64) (162)
Proceeds from sale of securities for which fair value was elected 3,386 343 34
Purchase of securities for which fair value was elected (4,187) (1,266)  
Gain on sale of loans (927) (638) (688)
Net gains on dispositions of premises and equipment and foreclosed assets (158) (104) (117)
Proceeds from sale of loans 32,512 23,324 22,585
Origination of loans held for sale (32,626) (19,927) (28,706)
Income on bank owned life insurance (973) (930) (802)
Stock-based compensation expense 277 213 205
Contribution of treasury stock 120 120 26
Changes in:      
Accrued interest receivable and other assets (455) (1,342) (3,661)
Accrued interest payable and other liabilities 2,523 5,529 (374)
Net Cash Provided By Operating Activities 27,560 30,385 11,146
Cash Flows from Investing Activities:      
Net (increase) decrease in interest bearing time deposits with other banks (1) 2,593 3,571
Proceeds from maturities, prepayments and calls of securities 109,673 101,178 111,827
Proceeds from sales of securities 125,579 69,740 95,381
Purchase of securities (332,155) (288,757) (360,837)
Loan origination and payments, net (82,393) (58,552) (80,435)
Purchase of bank owned life insurance (1,000) (5,000) (2,500)
Acquisition of consumer discount company (1,248)    
Redemption (purchase) of FHLB and other equity interests (147) (122) 492
Purchase of premises and equipment (2,016) (1,705) (1,992)
Proceeds from the sale of premises and equipment and foreclosed assets 1,088 257 823
Net Cash Used In Investing Activities (182,620) (180,368) (233,670)
Net change in:      
Checking, money market and savings accounts 186,262 292,369 159,805
Certificates of deposit (55,110) (101,386) 46,205
Proceeds from sale of treasury stock 526 1,188 1,200
Proceeds from exercise of stock options 424 259 69
Proceeds from stock offering, net of issuance costs     32,128
Cash dividends paid (8,214) (8,125) (6,933)
Proceeds from long-term borrowings   700 20,000
Repayments on long-term borrowings (160) (133) (46,114)
Net change in short-term borrowings 23,510 (32,618) 31,238
Net Cash Provided By Financing Activities 147,238 152,254 237,598
Net (Decrease) Increase in Cash and Cash Equivalents (7,822) 2,271 15,074
Cash and Cash Equivalents, Beginning 39,703 37,432 22,358
Cash and Cash Equivalents, Ending 31,881 39,703 37,432
Cash paid during the period for:      
Interest 15,205 17,937 19,296
Income taxes 7,548 3,991 3,342
Supplemental Noncash Disclosures:      
Transfers to other real estate owned 750 249 453
Loans transferred from held for sale to held for investment     3,321
Grant of restricted stock awards from treasury stock $ 419 $ 266 $ 233