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PARENT COMPANY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets:
 
 
 
December 31,
 
 
 
 
2013
 
2012
Assets:
 
 
 
Cash on deposit with subsidiary
$
26,493

 
3,328

Investment securities available-for-sale, at fair value
2,019

 
1,715

Investment in subsidiary
90,437

 
76,998

Other assets
33

 
10

Total assets
$
118,982

 
82,051

 
 
 
 
Liabilities
$
109

 
45

 
 
 
 
Shareholders' equity
118,873

 
82,006

Total liabilities and shareholders' equity
$
118,982

 
82,051

Condensed Statements of Income
Condensed Statements of Income
 
 
 
 
 
Year ended December 31,
2013
 
2012
 
2011
Income:
 
 
 
 
 
Dividends from subsidiaries
$
10,525

 
3,800

 
6,893

Interest and dividends
89

 
110

 
63

Gain from sale of Dakin Insurance Agency

 

 
1,503

Net gain on sales of securities
124

 
63

 
10

Total income
10,738

 
3,973

 
8,469

 
 
 
 
 
 
Total expenses
127

 
107

 
181

 
 
 
 
 
 
Income before income tax expense/benefit and equity in undistributed income of subsidiaries
10,611

 
3,866

 
8,288

Income tax (expense) benefit
(12
)
 
(1
)
 
(444
)
Equity in undistributed income (loss) of subsidiaries
(1,819
)
 
4,405

 
271

Net income
$
8,780

 
$
8,270

 
$
8,115

Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
 
 
 
 
Year ended December 31,
2013
 
2012
 
2011
Cash flows from operating activities:
 
 
 
 
 
Net income
$
8,780

 
8,270

 
8,115

Adjustments for non-cash items -
 

 
 

 
 

(Increase) decrease in undistributed income of subsidiaries
1,819

 
(4,405
)
 
(272
)
Realized gain from sale of insurance agency

 

 
(1,503
)
Other, net
7

 
(403
)
 
184

Net cash flows from operating activities
10,606

 
3,462

 
6,524

 
 
 
 
 
 
Cash flows from investing activities:
 

 
 

 
 

Purchases of securities available-for-sale
(563
)
 
(872
)
 
(3,389
)
Proceeds from maturities of securities available-for-sale

 

 
59

Proceeds from sales of available-for-sale securities
569

 
3,384

 

Cash paid for business acquisition
(7,815
)
 

 

Proceeds from sale of insurance agency

 

 
2,000

Net cash flows from investing activities
(7,809
)
 
2,512

 
(1,330
)
 
 
 
 
 
 
Cash flows from financing activities:
 

 
 

 
 

Principal payments on long-term debt
(1,792
)
 

 

Proceeds from issuance of common stock
27,238

 
333

 
193

Cash dividends paid on common stock
(5,148
)
 
(4,299
)
 
(4,283
)
Other
70

 
28

 

Net cash flows from financing activities
20,368

 
(3,938
)
 
(4,090
)
Net change in cash
23,165

 
2,036

 
1,104

Cash at beginning of year
3,328

 
1,292

 
188

Cash at end of year
$
26,493

 
3,328

 
1,292