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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 11,017 $ 10,290 $ 9,315
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sales of loans originated for sale (491) (213) (430)
(Gain) loss on sales of foreclosed assets held for resale, including writedowns (67) (36) 181
Earnings on investment in bank-owned life insurance (1,100) (1,099) (975)
Gain on sales or calls of securities (261) (62) 0
Depreciation and amortization 1,755 2,063 1,993
Provision for loan losses 0 150 1,450
Net amortization of investment securities premiums 668 812 972
(Increase) decrease in accrued interest receivable (66) 77 333
Increase (decrease) in accrued interest payable 42 92 (433)
Mortgage loans originated for sale (32,865) (15,824) (19,841)
Proceeds from sales of loans originated for sale 33,144 14,910 26,462
Decrease (increase) in other assets 3,296 2,608 (750)
Decrease in other liabilities (693) (2,953) (291)
Net Cash Provided by Operating Activities 14,379 10,815 17,986
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from maturities of investment securities held to maturity 9,456 20,555 8,970
Proceeds from maturities of investment securities available for sale 23,426 28,883 37,606
Proceeds from sales of investment securities available for sale 3,170 5,075 0
Purchase of investment securities available for sale (36,434) (22,252) (6,875)
Purchase of investments held to maturity (8,044) 0 (53,689)
(Purchase) redemption of restricted investment in bank stocks (198) 2,645 (1,543)
Net increase in loans (55,332) (72,828) (23,823)
Investment in low-income housing partnerships 0 0 (249)
Proceeds from sale of low-income housing partnerships 0 229 476
Purchase of bank-owned life insurance (600) (4,606) (140)
Purchase of book of business (173) 0 (77)
Capital expenditures (1,738) (3,148) (2,212)
Proceeds from sale of foreclosed real estate 2,323 1,316 3,431
Net Cash Used in Investing Activities (64,144) (44,131) (38,125)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in demand deposits 21,237 16,976 8,714
Net increase (decrease) in time certificates of deposits and interest bearing deposits 46,867 27,257 (42,247)
Net (decrease) increase in short-term borrowings (10,497) (3,353) 1,749
Proceeds from long-term borrowings 18,000 27,500 37,000
Repayments on long-term borrowings (22,437) (29,266) (14,251)
Dividends paid (4,820) (4,622) (4,542)
Common stock issued 499 381 447
Net Cash Provided by (Used in) Financing Activities 48,849 34,873 (13,130)
Net (Decrease) Increase in Cash and Cash Equivalents (916) 1,557 (33,269)
CASH AND CASH EQUIVALENTS — BEGINNING 19,673 18,116 51,385
CASH AND CASH EQUIVALENTS — ENDING 18,757 19,673 18,116
Interest paid 3,816 3,554 4,422
Income taxes paid 1,975 2,260 2,925
Loans transferred to foreclosed assets held for resale $ 1,219 $ 1,135 $ 1,127