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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 13,884 $ 13,265
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,178 1,322
Amortization of deferred loan costs 440 171
Amortization of intangibles 896 1,010
Net accretion of purchase accounting adjustments on tangible assets (708) (2,683)
Provision for loan losses 2,400 2,724
Net gain on sale of other real estate owned (132) (60)
Net loss on disposal of equipment 87 63
Loans originated for sale (20,664) (7,346)
Proceeds from sale of loans originated for sale 21,378 6,752
Net gain on sale of loans originated for sale (667) (610)
Net amortization of investment securities 3,171 3,230
Net gain on sale of investment securities (979) (861)
Life insurance investment income (569) (592)
Deferred income tax expense 119  
Stock based compensation 52 11
Net change in:    
Accrued interest receivable 253 485
Other assets (3,062) (3,455)
Accrued interest payable (78) (126)
Other liabilities (1,827) 1,546
Net cash provided by operating activities 15,172 14,846
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale 65,858 15,389
Proceeds from repayments of investment securities:    
Available-for-sale 41,659 32,022
Held-to-maturity 1,526 1,989
Purchases of investment securities:    
Available-for-sale (70,768) (98,898)
Net redemption of restricted equity securities 343 56
Net increase in lending activities (61,940) (3,341)
Purchases of premises and equipment (2,924) (1,059)
Proceeds from the sale of premises and equipment 14 25
Proceeds from sale of other real estate owned 484 409
Net cash used in investing activities (25,748) (53,408)
Cash flows from financing activities:    
Net increase in deposits 19,619 46,939
Repayment of long-term debt (2,099) (2,682)
Net increase (decrease) in short-term borrowings 10,693 (15,538)
Redemption of common stock (1,062) (70)
Settlement of stock options   (95)
Purchase of treasury stock   (70)
Cash dividends paid (7,016) (7,021)
Net cash provided by financing activities 20,135 21,463
Net increase (decrease) in cash and cash equivalents 9,559 (17,099)
Cash and cash equivalents at beginning of year 31,426 51,310
Cash and cash equivalents at end of year 40,985 34,211
Cash paid during the period for:    
Interest 5,114 5,182
Income taxes 2,900 3,100
Noncash items:    
Transfers of loans to other real estate 370 541
Retirement of treasury shares   6,300
Fair value of assets acquired:    
Loans, net 216 1,900
Premises and equipment (76) (76)
Core deposit and other intangible assets (896) (1,010)
Fair value of assets acquired, net (756) 814
Fair value of liabilities assumed:    
Deposits 527 818
Long-term debt 41 41
Fair value of liabilities assumed, net $ 568 $ 859