XML 29 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements 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 $ 16,991 $ 16,011
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Loan Losses 1,407 200
Depreciation and Amortization 5,622 6,908
Allocation of ESOP Stock 448 416
Gains on the Sale of Securities Available-for-Sale (137) (527)
Gains on the Sale of Securities Held-to-Maturity 0 (18)
Losses on the Sale of Securities Held-to-Maturity 0 5
Losses on the Sale of Securities Available-for-Sale 27 0
Loans Originated and Held-for-Sale (16,462) (41,545)
Proceeds from the Sale of Loans Held-for-Sale 15,879 44,057
Net Gains on the Sale of Loans (502) (1,271)
Net Losses on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 52 87
Contributions to Retirement Benefits Plans (656) (354)
Deferred Income Tax Benefit (418) (83)
Shares Issued Under the Directors' Stock Plan 101 106
Stock-Based Compensation Expense 270 281
Net (Increase) Decrease in Other Assets (1,146) 2,611
Net Increase (Decrease) in Other Liabilities 31 (653)
Net Cash Provided By Operating Activities 21,507 26,231
Cash Flows from Investing Activities:    
Proceeds from the Sale of Securities Available-for-Sale 49,917 16,284
Proceeds from the Maturities and Calls of Securities Available-for-Sale 131,861 89,857
Purchases of Securities Available-for-Sale (100,684) (121,287)
Proceeds from the Sale of Securities Held-to-Maturity 0 1,181
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 45,602 35,214
Purchases of Securities Held-to-Maturity (43,967) (71,573)
Net Increase in Loans (115,568) (73,948)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 1,093 1,214
Purchase of Premises and Equipment (885) (1,935)
Cash Paid for Subsidiaries, Net (75) (75)
Net Decrease in Other Investments 3,280 1,896
Purchase of Bank Owned Life Insurance (5,245) 0
Net Cash Used In Investing Activities (34,671) (123,172)
Cash Flows from Financing Activities:    
Net Increase in Deposits 93,026 164,220
Net Decrease in Short-Term Borrowings (45,123) (25,701)
Repayments of Federal Home Loan Bank Term Advances (10,000) (10,000)
Purchase of Treasury Stock (2,235) (1,512)
Stock Options Exercised, Net 1,063 965
Shares Issued Under the Employee Stock Purchase Plan 351 348
Tax Benefit from Exercise of Stock Options 22 17
Shares Issued for Dividend Reinvestment Plans 0 851
Cash Dividends Paid (9,256) (9,027)
Net Cash (Used In) Provided By Financing Activities 27,848 120,161
Net Increase in Cash and Cash Equivalents 14,684 23,220
Cash and Cash Equivalents at Beginning of Period 49,980 48,832
Cash and Cash Equivalents at End of Period 64,664 72,052
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 4,629 6,318
Income Taxes 7,035 6,086
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets 1,137 764
Acquisition of Subsidiaries $ 91 $ 233