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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 11,586,000 $ 9,499,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of securities (287,000) (6,000)
Gain on sales of loans (3,000) (92,000)
Loss (gain) on disposal of fixed assets 1,000 (15,000)
(Gain) loss on sale on foreclosed assets (531,000) 568,000
Writedowns on foreclosed assets 286,000 695,000
Share-based compensation expense 57,000 218,000
Provision for loan losses 350,000 2,850,000
Depreciation 1,569,000 1,639,000
Net amortization on securities premiums and discounts 4,925,000 6,441,000
Increase in unearned net loan fees (16,000) (90,000)
Increase in cash surrender value of life insurance policies (1,001,000) (1,389,000)
Proceeds from sales of loans portfolio 108,000 3,662,000
Increase in loans held-for-sale    (3,627,000)
Decrease in interest receivable and other assets 1,923,000 3,119,000
Decrease in other liabilites 1,756,000 1,161,000
Net (increase) decrease in FHLB stock (190,000) 438,000
Deferred income tax provision 864,000 378,000
Excess tax benefit from equity based compensation    (253,000)
Net cash provided by operating activities 21,397,000 25,196,000
Cash flows from investing activities:    
Maturities of securities available for sale 995,000 1,399,000
Proceeds from sales/calls of securities available for sale 11,055,000 3,454,000
Purchases of securities available for sale (111,425,000) (120,352,000)
Principal pay downs on securities available for sale 57,062,000 76,815,000
Net (increase) decrease in loans receivable, net (82,126,000) 61,039,000
Purchases of premises and equipment, net (2,159,000) (275,000)
Proceeds from sales of foreclosed assets 4,421,000 13,116,000
Net cash (used in) provided by investing activities (122,177,000) 35,196,000
Cash flows from financing activities:    
Increase (decrease) in deposits 48,867,000 (22,556,000)
Increase (decrease) in borrowed funds 22,390,000 (41,650,000)
Increase in repurchase agreements 1,196,000 4,277,000
Cash dividends paid (3,528,478) (2,685,932)
Repurchases of common stock (7,284,000)   
Stock options exercised 811,000 1,121,000
Excess tax benefit from equity based compensation    253,000
Net cash provided by (used in) financing activities 62,452,000 (61,241,000)
Decrease in cash and due from banks (38,328,000) (849,000)
Cash and cash equivalents    
Beginning of period 78,006,000 61,818,000
End of period $ 39,678,000 $ 60,969,000