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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities:    
Net income $ 8,576 $ 7,166
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Gain on sale of securities, net (130) (446)
Depreciation and amortization of premises and equipment 1,122 900
Amortization of software 90 90
Intangible asset amortization 145 133
Amortization of investment security premium, net of discount accretion (119) (85)
Deferred tax liability (685) (859)
Stock-based compensation 237 189
Excess tax benefits from share-based payment arrangements 1 0
Deferral of loan fees and costs, net (92) 419
Provision (benefit) for loan losses 702 (1,136)
Reserve for (recovery from) purchased receivables (72) 206
Purchases of loans held for sale 0 (75,877)
Proceeds from the sale of loans held for sale 363,096 72,989
Origination of loans held for sale (392,823) 0
Gain on sale of other real estate owned (136) (368)
Impairment on other real estate owned 268 45
Equity in undistributed earnings from mortgage affiliate 0 145
Net changes in assets and liabilities:    
(Increase) in accrued interest receivable (26) (407)
Decrease (increase) in other assets 2,352 (557)
Decrease in other liabilities (8,731) (2,998)
Net Cash (Used) by Operating Activities (26,225) (451)
Investing Activities:    
Purchases of investment securities available for sale (59,196) (92,934)
Proceeds from sales/maturities of securities available for sale 115,917 140,085
Purchases of domestic certificates of deposit 0 (3,500)
Proceeds from maturities of domestic certificates of deposit 3,500 3,500
Proceeds from redemption of FHLB stock 1,587 95
Alaska Pacific acquisition, net of cash received 0 6,367
(Increase) decrease in purchased receivables, net 1,278 (1,561)
Increase in loans, net (50,597) (19,052)
Proceeds from sale of other real estate owned 1,971 1,599
Elliott Cove divestiture, net of cash received 219 0
Decrease in loan to Elliott Cove, net 0 49
Purchases of premises and equipment (3,421) (2,414)
Net Cash (Used) Provided by Investing Activities 11,258 32,234
Financing Activities:    
Increase (decrease) in deposits 58,970 (24,895)
Decrease in securities sold under repurchase agreements (1,948) (1,367)
Decrease in borrowings (3,995) (4,341)
Distributions to noncontrolling interest (75) (179)
Proceeds from the issuance of common stock 0 64
Cash dividends paid (2,470) (2,273)
Net Cash Provided (Used) by Financing Activities 50,482 (32,991)
Net Change in Cash and Cash Equivalents 35,515 (1,208)
Cash and Cash Equivalents at Beginning of Period 68,556 85,591
Cash and Cash Equivalents at End of Period 104,071 84,383
Supplemental Information:    
Income taxes paid 4,011 1,877
Interest paid 1,556 858
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 55 8,518
Transfer of loans to other real estate owned 337 1,158
Transfer of premises to other real estate owned 0 904
Cash dividends declared but not paid 22 17
Assets acquired 0 167,199
Liabilities assumed $ 0 $ 153,172