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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 6,039,000 $ 5,878,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net decrease in deferred loan fees (217,000) (178,000)
Depreciation 801,000 717,000
Accretion (614,000) (530,000)
Amortization 7,031,000 5,240,000
Stock-based compensation 73,000 83,000
Tax benefit from exercise of stock options (16,000) (25,000)
Provision for credit losses 0 500,000
Net realized gains on sales of available-for-sale investment securities (1,133,000) (1,287,000)
Net gain on sale and disposal of equipment (1,000) (4,000)
Net gain on sale of other real estate owned 0 (12,000)
Increase in bank owned life insurance, net of expenses (342,000) (291,000)
Net decrease in accrued interest receivable and other assets 873,000 701,000
Net decrease in prepaid FDIC assessments 1,542,000 384,000
Net (increase) decrease in accrued interest payable and other liabilities (1,741,000) 4,410,000
(Benefit from) provision for deferred income taxes (1,191,000) 514,000
Net cash provided by operating activities 11,104,000 16,100,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash and cash equivalents acquired in acquisition 40,729,000 0
Purchases of available-for-sale investment securities (129,572,000) (136,392,000)
Proceeds from sales or calls of available-for-sale investment securities 37,428,000 38,554,000
Proceeds from maturity and principal repayments of available-for-sale investment securities 63,666,000 64,933,000
Net (increase) decrease in loans (6,633,000) 24,418,000
Proceeds from sale of other real estate owned 139,000 2,349,000
Purchases of premises and equipment (852,000) (1,142,000)
Purchases of bank owned life insurance 0 (116,000)
FHLB stock redeemed (purchased) 48,000 (957,000)
Proceeds from sale of premises and equipment 1,000 5,000
Net cash provided by (used in) investing activities 4,954,000 (8,348,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand, interest bearing and savings deposits 11,334,000 33,051,000
Net increase (decrease) in time deposits 6,816,000 (8,751,000)
Repayments of short-term borrowings to Federal Home Loan Bank (4,000,000) 0
Purchase and retirement of common stock 0 61,000
Proceeds from exercise of stock options 782,000 361,000
Excess tax benefit from exercise of stock options 16,000 25,000
Cash dividend payments on common stock (1,502,000) 0
Cash dividend payments on preferred stock (262,000) (262,000)
Net cash provided by financing activities 13,184,000 24,363,000
Increase in cash and cash equivalents 29,242,000 32,115,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 52,956,000 44,804,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 82,198,000 76,919,000
Cash paid during the period for:    
Interest 1,078,000 1,571,000
Income taxes 1,340,000 760,000
Non-cash investing and financing activities:    
Transfer of loans to other real estate owned 0 2,337,000
Accrued preferred stock dividends 87,000 87,000
Common stock issued in Visalia Community Bank acquisition $ 12,494,000 $ 0