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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities:    
Net income $ 14,107 $ 11,063
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Gain on sale of securities, net (134) (461)
Gain on sale of premises and equipment 0 (1,115)
Depreciation and amortization of premises and equipment 1,670 1,355
Amortization of software 136 136
Intangible asset amortization 218 214
Amortization of investment security premium, net of discount accretion (196) (126)
Deferred tax liability (314) (1,503)
Stock-based compensation 357 254
Excess tax benefits from share-based payment arrangements (5) (5)
Deferral of loan fees and costs, net (203) 627
Provision (benefit) for loan losses 1,378 (1,136)
Reserve for (recovery from) purchased receivables (95) 447
Purchases of loans held for sale 0 (117,225)
Proceeds from the sale of loans held for sale 571,494 118,201
Origination of loans held for sale (594,225) 0
Gain on sale of other real estate owned (136) (470)
Impairment on other real estate owned 360 45
Equity in undistributed earnings from mortgage affiliate 0 (239)
Net changes in assets and liabilities:    
(Increase) in accrued interest receivable (103) (754)
Decrease in other assets 3,836 1,685
Decrease in other liabilities (5,937) (2,606)
Net Cash (Used) Provided by Operating Activities (7,792) 8,387
Investing Activities:    
Purchases of investment securities available for sale (107,873) (156,014)
Proceeds from sales/maturities of securities available for sale 156,491 173,239
Proceeds from calls/maturities of securities held to maturity 1,285 0
Purchases of domestic certificates of deposit 0 (3,500)
Proceeds from maturities of domestic certificates of deposit 3,500 13,500
Proceeds from redemption of FHLB stock 1,588 129
Alaska Pacific acquisition, net of cash received 0 6,367
Decrease in purchased receivables, net 1,617 1,250
Increase in loans, net (50,359) (28,899)
Proceeds from sale of other real estate owned 1,971 1,828
Elliott Cove divestiture, net of cash received 219 0
Decrease in loan to Elliott Cove, net 0 189
Purchases of premises and equipment (5,461) (4,104)
Net Cash (Used) Provided by Investing Activities 2,978 3,985
Financing Activities:    
Increase in deposits 85,172 37,206
Increases (decrease) in securities sold under repurchase agreements 13,570 (1,212)
Decrease in borrowings (13,846) (4,352)
Distributions to noncontrolling interest (402) (341)
Proceeds from the issuance of common stock 97 75
Excess tax benefits from share-based payment arrangements 5 5
Cash dividends paid (3,772) (3,503)
Net Cash Provided (Used) by Financing Activities 80,824 27,878
Net Change in Cash and Cash Equivalents 76,010 40,250
Cash and Cash Equivalents at Beginning of Period 68,556 85,591
Cash and Cash Equivalents at End of Period 144,566 125,841
Supplemental Information:    
Income taxes paid 4,136 3,627
Interest paid 2,174 1,408
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 55 8,518
Transfer of loans to other real estate owned 1,133 1,158
Transfer of premises to other real estate owned 0 904
Cash dividends declared but not paid 34 23
Assets acquired 0 167,199
Liabilities assumed $ 0 $ 153,172