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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,827 $ 7,048
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (138) (417)
(Gain) loss on sales of foreclosed assets held for resale, including writedowns (42) 173
Earnings on investment in bank-owned life insurance (825) (741)
Gain on sales or calls of securities (54) 0
Depreciation and amortization 1,530 1,500
Provision for loan losses 150 1,300
Net amortization of investment securities premiums 625 739
Decrease in accrued interest receivable 139 226
Decrease in accrued interest payable (301) (419)
Mortgage loans originated for sale (10,192) (18,882)
Proceeds from sales of loans originated for sale 9,344 25,383
Decrease in other assets 581 861
Increase in other liabilities 1,984 734
Net Cash Provided by Operating Activities 10,628 17,505
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities held to maturity 18,600 7,223
Proceeds from maturities of investment securities available for sale 13,747 33,202
Proceeds from Sale of Available-for-sale Securities 1,862 0
Purchase of investment securities held to maturity 0 (53,689)
Purchase of investment securities available for sale (7,765) (6,875)
Net increase in loans (39,363) (11,741)
Redemption of restricted investment in bank stocks 1,622 1,129
Investment in low-income housing partnerships 0 (249)
Purchase of bank-owned life insurance (4,605) (140)
Capital expenditures (1,924) (1,433)
Proceeds from Sale of Low-income Housing Partnerships 219 0
Proceeds from sale of foreclosed real estate 966 2,967
Net Cash Used in Investing Activities (16,641) (29,606)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits 14,685 10,813
Net increase (decrease) in time certificates of deposits and interest bearing deposits 8,684 (25,758)
Net increase in short-term borrowings 4,772 10,115
Dividends paid (3,419) (3,404)
Common stock issued 381 364
Proceeds from long-term borrowings 10,000 2,000
Repayments on long-term borrowings (23,198) (14,187)
Net Cash Provided by (Used in) Financing Activities 11,905 (20,057)
Net Increase (Decrease) in Cash and Cash Equivalents 5,892 (32,158)
CASH AND CASH EQUIVALENTS — BEGINNING 18,116 51,385
CASH AND CASH EQUIVALENTS — ENDING 24,008 19,227
Interest paid 3,019 3,505
Income taxes paid 1,600 2,225
Loans transferred to foreclosed assets held for resale $ 850 $ 501