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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 7,175 $ 6,098
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 837 838
Change in deferred taxes (251) (13)
Provision for loan losses 500 2,700
Loans originated for resale (8,156) (34,725)
Proceeds from sales and transfers of loans 8,153 35,549
Net gain on sales of loans (186) (836)
Net gain on sale or call of securities (40) (1,087)
Net amortization of premiums on investments 533 1,152
Net (gain) loss on sale of other real estate owned (46) 24
Provision for losses on other real estate owned 99 332
Equity compensation expense 205 107
Net increase in other assets and accrued interest (2,800) (125)
Net increase in other liabilities 839 900
Net loss on disposal of premises and equipment 5 4
Amortization of investment in limited partnership 284 260
Net acquisition amortization 163 163
Net cash provided by operating activities 7,314 11,341
Cash flows from investing activities    
Decrease in interest-bearing deposits in other banks 2,290 1,304
Proceeds from sales of securities available for sale 0 10,563
Proceeds from maturities, payments and calls of securities available for sale 14,411 35,593
Proceeds from maturities, payments and calls of securities to be held to maturity 6,082 28,818
Proceeds from sales of other real estate owned 1,262 2,062
Purchases of securities available for sale (501) (59,873)
Purchases of securities to be held to maturity (34,881) (62,728)
Redemption of restricted equity securities 0 536
Net (increase) decrease in loans (17,238) 32
Capital expenditures (396) (1,767)
Proceeds from disposal of premises and equipment 1,237 0
Net cash used in investing activities (27,734) (45,460)
Cash flows from financing activities    
Net increase in demand, savings, and money market accounts 26,272 4,479
Net increase (decrease) in certificates of deposit (17,235) 64,353
Net increase (decrease) in short-term borrowings 19,395 (25,797)
Repurchase of preferred stock 0 (12,500)
Proceeds from sale of common stock 224 11,751
Dividends paid (4,390) (4,442)
Net cash provided by financing activities 24,266 37,844
Net increase in cash and cash equivalents 3,846 3,725
Cash and cash equivalents at beginning of period 16,570 14,958
Cash and cash equivalents at end of period 20,416 18,683
Interest paid 5,807 6,368
Income taxes paid 1,960 950
Non-cash transactions    
Net transfer from loans to other real estate owned $ 1,371 $ 651