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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities:      
Net income $ 15,564 $ 13,552 $ 12,765
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 7,050 5,350 5,510
Compensation expense--common stock for director fees 200 200 210
Stock-based compensation expense 377 350 403
Excess tax benefits from exercised stock options (99) (102) (157)
Amortization and impairment write-off of core deposit intangible 725 0 0
Amortization of investment security premiums, net of accretion of discounts 1,385 1,194 337
Accretion on acquired loans (4,275) 0 0
Decrease in deferred loan origination fees, net (1,200) [1] (119) [1] (172) [1]
Loss on sale of investment securities 0 0 4
Depreciation and amortization 1,293 1,344 1,370
Bargain purchase gain on acquisition, net of tax (85) 0 0
Loss on disposal of premise and equipment 117 3 0
Earnings on bank owned life insurance policies (752) [1] (690) [1] (696) [1]
(Gain) loss on sale of repossessed assets (10) 15 29
Net change in operating assets and liabilities:      
Interest receivable (431) 131 (257)
Interest payable (33) 97 57
Deferred rent and other rent-related expenses 236 253 260
Other assets 1,051 [1] 713 [1] (6,507) [1]
Other liabilities 1,268 1,138 675
Net cash provided by operating activities 22,381 23,429 13,831
Cash Flows from Investing Activities:      
Proceeds from sale of premises and equipment 18 0 0
Purchase of securities held to maturity (26,804) (5,464) (8,706)
Purchase of securities available for sale (92,686) (50,517) (57,814)
Proceeds from sale of securities 0 0 5,343
Proceeds from paydowns/maturity of:      
Securities held to maturity 1,755 790 320
Securities available for sale 68,251 37,158 36,209
Loans originated and principal collected, net (25,182) [1] (26,804) [1] (33,984) [1]
Purchase of bank owned life insurance policies (2,500) 0 0
Purchase of premises and equipment (2,472) (1,723) (1,121)
Proceeds from sale of repossessed assets 421 216 42
Cash receipt from acquisition 44,042 0 0
Redemption of Federal Home Loan Bank stock 219 0 0
Net cash used in investing activities (34,938) (46,344) (59,711)
Cash Flows from Financing Activities:      
Net increase in deposits 93,152 71,678 91,771
Proceeds from stock options exercised 741 895 873
Repayment of Federal Home Loan Bank borrowings (33,500) 0 (1,800)
Preferred stock repurchased 0 0 (28,000)
Cash dividends paid on common stock (3,457) (3,205) (2,960)
Cash dividends paid on preferred stock 0 0 (451)
Stock issued under employee stock purchase plan 33 17 24
Excess tax benefits from exercised stock options 99 102 157
Net cash provided by financing activities 57,068 69,487 59,614
Net increase in cash and cash equivalents 44,511 46,572 13,734
Cash and cash equivalents at beginning of period 85,232 38,660 24,926
Cash and cash equivalents at end of period 129,743 85,232 38,660
Supplemental disclosure of cash flow information:      
Cash paid for interest 5,328 7,246 7,110
Cash paid for income taxes 9,159 7,610 8,571
Supplemental disclosure of non-cash investing and financing activities:      
Loans transferred to repossessed assets 301 270 168
Stock issued in payment of director fees 200 200 233
Accretion of preferred stock 0 0 945
Acquisition:      
Fair value of assets acquired 107,763 0 0
Fair value of liabilities assumed $ 107,678 $ 0 $ 0
[1] Amounts for prior periods have been reclassified to conform to current financial statement presentation.