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PARENT COMPANY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets:
 
 
 
December 31,
2014
 
2013
Assets:
 
 
 
Cash on deposit with subsidiary
$
3,985

 
26,493

Investment securities available-for-sale, at fair value
1,970

 
2,019

Investment in subsidiary
119,350

 
90,437

Other assets
419

 
33

Total assets
$
125,724

 
118,982

 
 
 
 
Liabilities
$
29

 
109

 
 
 
 
Shareholders' equity
125,695

 
118,873

Total liabilities and shareholders' equity
$
125,724

 
118,982

Condensed Statements of Income
Condensed Statements of Income
 
 
 
 
 
Year ended December 31,
2014
 
2013
 
2012
Income:
 
 
 
 
 
Dividends from subsidiaries
$
8,800

 
10,525

 
3,800

Interest and dividends
91

 
89

 
110

Net gain on sales of securities
10

 
124

 
63

Total income
8,901

 
10,738

 
3,973

 
 
 
 
 
 
Total expenses
1,077

 
127

 
107

 
 
 
 
 
 
Income before income tax expense/benefit and equity in undistributed income of subsidiaries
7,824

 
10,611

 
3,866

Income tax (expense) benefit
350

 
(12
)
 
(1
)
Equity in undistributed income (loss) of subsidiaries
1,695

 
(1,819
)
 
4,405

Net income
$
9,869

 
8,780

 
8,270

Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
 
 
 
 
Year ended December 31,
2014
 
2013
 
2012
Cash flows from operating activities:
 
 
 
 
 
Net income
$
9,869

 
8,780

 
8,270

Adjustments for non-cash items -
 

 
 

 
 

(Increase) decrease in undistributed income of subsidiaries
(1,695
)
 
1,819

 
(4,405
)
Other, net
(474
)
 
7

 
(403
)
Net cash flows from operating activities
7,700

 
10,606

 
3,462

 
 
 
 
 
 
Cash flows from investing activities:
 

 
 

 
 

Purchases of securities available-for-sale
(107
)
 
(563
)
 
(872
)
Proceeds from sales of available-for-sale securities
227

 
569

 
3,384

Cash paid for business acquisition
(24,750
)
 
(7,815
)
 

Net cash flows from (used in) investing activities
(24,630
)
 
(7,809
)
 
2,512

 
 
 
 
 
 
Cash flows from financing activities:
 

 
 

 
 

Principal payments on long-term debt

 
(1,792
)
 

Proceeds from issuance of common stock
372

 
27,238

 
333

Cash dividends paid on common stock
(5,950
)
 
(5,148
)
 
(4,299
)
Other

 
70

 
28

Net cash flows from (used in) financing activities
(5,578
)
 
20,368

 
(3,938
)
Net change in cash
(22,508
)
 
23,165

 
2,036

Cash at beginning of year
26,493

 
3,328

 
1,292

Cash at end of year
$
3,985

 
26,493

 
3,328