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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,461,000 $ 5,544,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net decrease in deferred loan fees (502,000) (44,000)
Depreciation 673,000 688,000
Accretion (614,000) (566,000)
Amortization 3,856,000 4,008,000
Stock-based compensation 108,000 123,000
Excess tax benefit from exercise of stock options (8,000) (4,000)
(Reversal of) provision for credit losses (4,850,000) 500,000
Other than temporary impairment losses on investment securities 136,000 0
Net realized gains on sales of available-for-sale investment securities (854,000) (1,459,000)
Net realized gains on sales of held-to-maturity securities 696,000 0
Net loss on disposal of premises and equipment 0 6,000
Net gain on sale of other real estate owned 0 11,000
Increase in bank owned life insurance, net of expenses (280,000) (308,000)
Net gain on bank owned life insurance 0 (345,000)
Net (increase) decrease in accrued interest receivable and other assets (862,000) 1,689,000
Net increase (decrease) in accrued interest payable and other liabilities 2,575,000 (937,000)
Provision for deferred income taxes (1,117,000) (56,000)
Net cash provided by operating activities 7,026,000 8,828,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (86,133,000) (124,240,000)
Proceeds from sales or calls of available-for-sale investment securities 63,044,000 92,647,000
Proceeds from sales or calls of held-to-maturity investment securities 9,257,000 0
Proceeds from maturity and principal repayments of available-for-sale investment securities 26,171,000 27,058,000
Net increase in loans (27,299,000) (23,186,000)
Proceeds from sale of other real estate owned 0 359,000
Purchases of premises and equipment (123,000) (322,000)
Purchases of bank owned life insurance 0 (325,000)
FHLB stock purchased 0 32,000
Proceeds from bank owned life insurance 0 1,365,000
Net cash used in investing activities (15,083,000) (26,676,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand, interest bearing and savings deposits 3,553,000 27,778,000
Net decrease in time deposits (9,409,000) (4,307,000)
Proceeds from exercise of stock options 161,000 36,000
Excess tax benefit from exercise of stock options 8,000 4,000
Cash dividend payments on common stock (1,321,000) (659,000)
Net cash (used in) provided by financing activities (7,008,000) 22,852,000
(Decrease) increase in cash and cash equivalents (15,065,000) 5,004,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 94,617,000 77,328,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 79,552,000 82,332,000
Cash paid during the period for:    
Interest 507,000 519,000
Income taxes 2,340,000 345,000
Non-cash investing and financing activities:    
Foreclosure of loan collateral and recognition of other real estate owned 0 227,000
Assumption of other real estate owned liabilities 0 121,000
Transfer of loans to other assets 0 0
Net gain on bank owned life insurance recorded as a receivable (188,000) 0
Unrealized gain on transfer of securities from available-for-sale to held-to-maturity 0 0
Accrued preferred stock dividends 0 0
Transfer of securities from held-to-maturity to available-for-sale 23,131,000 0
Unrealized gain on transfer of securities from held-to-maturity to available-for-sale 526,000 0
Sale of available-for-sale investment securities, not yet settled 0 0
Purchases of available-for-sale investment securities, not yet settled 0 0
Common stock issued in Visalia Community Bank acquisition $ 0 $ 0