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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net earnings $ 7,445 $ 7,572
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 4,523 5,254
Reduction of provision for loan losses 193 (27)
Deferred income taxes 100 0
Gain on sale of investment securities 0 (266)
Gain on sale of other real estate (275) (43)
Write-down of other real estate 29 427
Restricted stock expense 282 272
Originations of mortgage loans held for sale (38,140) (28,382)
Sales of mortgage loans held for sale 37,836 27,992
Change in:    
Cash surrender value of life insurance (315) (315)
Other assets 792 (252)
Other liabilities 1,788 229
Net cash provided by operating activities 14,258 12,461
Cash flows from investing activities:    
Purchases of investment securities available for sale (13,579) (25,439)
Proceeds from calls, maturities and paydowns of investment securities available for sale 17,984 29,263
Proceeds from sales of investment securities available for sale 4,250 20,202
Purchases of FHLB stock (5) 0
FHLB stock redemption 125 284
Net change in loans (38,098) (34,213)
Purchases of premises and equipment (1,549) (2,927)
Proceeds from sales of other real estate and repossessions 4,173 3,230
Net cash used by investing activities (26,699) (9,600)
Cash flows from financing activities:    
Net change in deposits (8,139) 17,434
Net change in securities sold under agreements to repurchase (1,190) 1,624
Proceeds from FHLB borrowings 20,000 0
Repayments of FHLB borrowings (20,000) 0
Preferred stock repurchase 0 (12,524)
Stock options exercised 0 37
Common stock repurchased (1,576) 0
Cash dividends paid on common stock (1,127) (682)
Net cash (used) provided by financing activities (12,032) 5,889
Net change in cash and cash equivalents (24,473) 8,750
Cash and cash equivalents at beginning of period 69,098 76,773
Cash and cash equivalents at end of period 44,625 85,523
Cash paid during the period for:    
Interest 2,624 3,290
Income taxes 1,514 1,637
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net (500) 5,561
Transfers of loans to other real estate and repossessions 4,274 3,774
Financed portion of sales of other real estate $ 60 $ 282