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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net Income $ 8,295,000 $ 8,036,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of securities $ (323,000) (287,000)
Gain on sales of loans   $ (3,000)
Loss on disposal of fixed assets $ 55,000  
Gain on sale on foreclosed assets (78,000) $ (469,000)
Writedowns on foreclosed assets 173,000 223,000
Share-based compensation expense $ 18,000 33,000
Provision for loan losses   350,000
Depreciation $ 1,119,000 $ 1,038,000
Net accretion on purchased loans (526,000)  
Net amortization on securities premiums and discounts 3,384,000 $ 3,285,000
Decrease (increase) in unearned net loan fees 247,000 (129,000)
Increase in cash surrender value of life insurance policies $ (731,000) (806,000)
Proceeds from sale of loans   108,000
Decrease in interest receivable and other assets $ 246,000 2,071,000
(Decrease) increase in other liabilities (640,000) 2,724,000
Deferred income tax provision 470,000 $ 833,000
Excess tax benefit from equity based compensation 40,000  
Net cash provided by operating activities 11,749,000 $ 17,007,000
Cash flows from investing activities:    
Maturities of securities available for sale 290,000 450,000
Proceeds from sales/calls of securities available for sale 22,538,000 9,210,000
Purchases of securities available for sale (67,813,000) (78,426,000)
Principal pay downs on securities available for sale 44,056,000 36,274,000
Purchases of FHLB stock (504,000) (190,000)
Net increase in loans receivable, net (103,829,000) (90,117,000)
Purchases of premises and equipment, net (1,672,000) $ (1,439,000)
Proceeds from sale premises and equipment 55,000  
Proceeds from sales of foreclosed assets 981,000 $ 4,116,000
Net cash used in investing activities (105,898,000) (120,122,000)
Cash flows from financing activities:    
Increase in deposits 104,895,000 71,948,000
(Decrease) increase in borrowed funds (10,500,000) 7,750,000
Increase in repurchase agreements 4,021,000 120,000
Cash dividends paid (2,730,579) (2,267,656)
Repurchases of common stock (5,251,000) (4,281,000)
Stock options exercised 349,000 $ 664,000
Excess tax benefit from equity based compensation (40,000)  
Net cash provided by financing activities 90,744,000 $ 73,933,000
Decrease in cash and due from banks (3,405,000) (29,182,000)
Cash and cash equivalents, beginning of year 50,095,000 78,006,000
Cash and cash equivalents, end of year $ 46,690,000 $ 48,824,000