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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,250,000 $ 3,403,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Net increase (decrease) in deferred loan fees 267,000 (293,000)
Depreciation 332,000 349,000
Accretion (218,000) (301,000)
Amortization 2,201,000 1,995,000
Stock-based compensation 203,000 52,000
Excess tax benefit from exercise of stock options 0 (5,000)
(Reversal of) provision for credit losses (100,000) (250,000)
Other than temporary impairment losses on investment securities 0 136,000
Net realized gains on sales of available-for-sale investment securities (482,000) (434,000)
Net realized gains on sales of held-to-maturity securities 0 (696,000)
Increase in bank-owned life insurance, net of expenses (148,000) (145,000)
Net decrease in accrued interest receivable and other assets 2,192,000 54,000
Net (decrease) increase in accrued interest payable and other liabilities (821,000) 1,139,000
Benefit (provision) for deferred income taxes 298,000 (723,000)
Net cash provided by operating activities 7,974,000 4,281,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (14,947,000) (34,357,000)
Proceeds from sales or calls of available-for-sale investment securities 24,922,000 15,654,000
Proceeds from sales or calls of held-to-maturity investment securities 0 9,257,000
Proceeds from maturity and principal repayments of available-for-sale investment securities 10,561,000 12,384,000
Net increase in loans (8,041,000) (9,821,000)
Purchases of premises and equipment (87,000) (59,000)
Net cash provided by (used in) investing activities 12,408,000 (6,942,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand, interest bearing and savings deposits 23,260,000 (6,461,000)
Net decrease in time deposits (11,923,000) (6,327,000)
Repayments of borrowings from other financial institutions (400,000) 0
Proceeds from exercise of stock options 371,000 143,000
Excess tax benefit from exercise of stock options 0 5,000
Cash dividend payments on common stock (730,000) (660,000)
Net cash provided by (used in) financing activities 10,578,000 (13,300,000)
Increase (decrease) in cash and cash equivalents 30,960,000 (15,961,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 38,568,000 94,617,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 69,528,000 78,656,000
Cash paid during the period for:    
Interest 290,000 249,000
Income taxes 70,000 690,000
Non-cash investing and financing activities:    
Transfer of securities from held-to-maturity to available-for-sale 0 23,131,000
Unrealized gain on transfer of securities from held-to-maturity to available-for-sale 0 526,000
Sale of available-for-sale investment securities, not yet settled $ 0 $ 9,699,000