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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES:    
Net Income $ 11,725 $ 10,589
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,351 1,475
Amortization of intangible assets 263 122
Provision for loan losses 1,245 1,675
Accretion and amortization of investment security discounts and premiums 509 (44)
Securities gains, net (3,025) (2,257)
Originations of loans held for sale (38,703) (42,985)
Proceeds of loans held for sale 40,040 46,375
Gain on sale of loans (1,313) (1,204)
Earnings on bank-owned life insurance (736) (481)
Decrease (increase) in deferred tax asset 440 (86)
Other, net 309 (1,212)
Net cash provided by operating activities 13,105 11,967
Investment securities available for sale:    
Proceeds from sales 98,815 69,898
Proceeds from calls, maturities, and repayments of principal 5,731 12,775
Purchases (39,774) (71,221)
Net increase in loans (74,874) (43,401)
Acquisition of bank premises and equipment (2,459) (2,744)
Proceeds from the sale of foreclosed assets 534 0
Purchase of bank-owned life insurance (30) (981)
Proceeds from bank-owned life insurance death benefit 367 0
Proceeds from redemption of regulatory stock 1,654 2,237
Purchases of regulatory stock (1,837) (980)
Acquisition, net of cash acquired 0 17,487
Net cash used for investing activities (11,873) (16,930)
FINANCING ACTIVITIES:    
Net increase in interest-bearing deposits 915 38,636
Net increase in noninterest-bearing deposits 15,211 17,903
Repayment of long-term borrowings 0 (5,528)
Net decrease in short-term borrowings (9,503) (20,910)
Dividends paid (6,797) (7,295)
Issuance of common stock 88 59
Purchases of treasury stock (510) 0
Net cash (used for) provided by financing activities (596) 22,865
NET INCREASE IN CASH AND CASH EQUIVALENTS 636 17,902
CASH AND CASH EQUIVALENTS, BEGINNING 24,606 15,142
CASH AND CASH EQUIVALENTS, ENDING 25,242 33,044
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 3,704 3,880
Income taxes paid 2,415 2,770
Transfer of loans to foreclosed real estate 352 185
Non-cash assets acquired:    
Securities available for sale 0 21,783
Loans 0 250,377
Premises and equipment, net 0 8,014
Accrued interest receivable 0 726
Bank-owned life insurance 0 7,419
Intangibles 0 2,015
Other assets 0 2,636
Goodwill 0 14,072
Noncash Assets Acquired 0 307,042
Liabilities assumed:    
Deferred tax liability 0 76
Interest-bearing deposits 0 194,438
Noninterest-bearing deposits 0 82,518
Short-term borrowings 0 2,766
Accrued interest payable 0 103
Other liabilities 0 4,892
Noncash Liabilities Assumed 0 284,793
Net non-cash assets acquired 0 22,249
Cash acquired $ 0 $ 20,363