XML 28 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows from Operating Activities:    
Net Income $ 5,855us-gaap_NetIncomeLoss $ 5,320us-gaap_NetIncomeLoss
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Loan Losses 275us-gaap_ProvisionForLoanAndLeaseLosses 458us-gaap_ProvisionForLoanAndLeaseLosses
Depreciation and Amortization 1,626us-gaap_DepreciationAndAmortization 1,965us-gaap_DepreciationAndAmortization
Allocation of ESOP Stock 213us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan 204us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
Gains on the Sale of Securities Available-for-Sale (90)us-gaap_AvailableForSaleSecuritiesGrossRealizedGains 0us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
Loans Originated and Held-for-Sale (3,970)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (4,592)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale
Proceeds from the Sale of Loans Held-for-Sale 3,674us-gaap_ProceedsFromSaleOfLoansHeldForSale 4,277us-gaap_ProceedsFromSaleOfLoansHeldForSale
Net Gains on the Sale of Loans (132)us-gaap_GainLossOnSaleOfLoansAndLeases (123)us-gaap_GainLossOnSaleOfLoansAndLeases
Net Losses on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 0us-gaap_GainLossOnSaleOfOtherAssets 3us-gaap_GainLossOnSaleOfOtherAssets
Contributions to Retirement Benefits Plans (161)us-gaap_PensionAndOtherPostretirementBenefitContributions (261)us-gaap_PensionAndOtherPostretirementBenefitContributions
Deferred Income Tax Benefit 538us-gaap_DeferredIncomeTaxExpenseBenefit (45)us-gaap_DeferredIncomeTaxExpenseBenefit
Shares Issued Under the Directors' Stock Plan 11us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 0us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
Stock-Based Compensation Expense 82us-gaap_ShareBasedCompensation 90us-gaap_ShareBasedCompensation
Net (Increase) Decrease in Other Assets (2,420)us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,025)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Net Increase (Decrease) in Other Liabilities 3,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 1,274us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net Cash Provided By Operating Activities 8,501us-gaap_NetCashProvidedByUsedInOperatingActivities 7,545us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities:    
Proceeds from the Sale of Securities Available-for-Sale 2,702us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 0us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Proceeds from the Maturities and Calls of Securities Available-for-Sale 22,829us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 44,907us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases of Securities Available-for-Sale (51,673)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (16,905)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 7,180us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 16,561us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Purchases of Securities Held-to-Maturity (10,655)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (35,328)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Net Increase in Loans (21,712)us-gaap_PaymentsForProceedsFromLoansAndLeases (44,253)us-gaap_PaymentsForProceedsFromLoansAndLeases
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 258us-gaap_ProceedsFromSaleOfOtherPropertyPlantAndEquipment 289us-gaap_ProceedsFromSaleOfOtherPropertyPlantAndEquipment
Purchase of Premises and Equipment (373)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (89)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash Paid for Subsidiaries, Net 0us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (75)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Net Decrease in Other Investments 45us-gaap_PaymentsForProceedsFromOtherInvestingActivities 2,385us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net Cash Used In Investing Activities (51,399)us-gaap_NetCashProvidedByUsedInInvestingActivities (32,508)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities:    
Net Increase in Deposits 115,756us-gaap_IncreaseDecreaseInCustomerDeposits 105,689us-gaap_IncreaseDecreaseInCustomerDeposits
Net Decrease in Short-Term Borrowings (44,526)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (50,990)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Proceeds from Federal Home Loan Bank Borrowings 40,000us-gaap_ProceedsFromFederalHomeLoanBankBorrowings 0us-gaap_ProceedsFromFederalHomeLoanBankBorrowings
Purchase of Treasury Stock (57)us-gaap_PaymentsForRepurchaseOfCommonStock (1,165)us-gaap_PaymentsForRepurchaseOfCommonStock
Stock Options Exercised, Net 70us-gaap_ProceedsFromStockOptionsExercised 474us-gaap_ProceedsFromStockOptionsExercised
Shares Issued Under the Employee Stock Purchase Plan 111us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan 105us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
Tax Benefit from Exercise of Stock Options 0us-gaap_DeferredTaxExpenseFromStockOptionsExercised 5us-gaap_DeferredTaxExpenseFromStockOptionsExercised
Cash Dividends Paid (3,156)us-gaap_PaymentsOfOrdinaryDividends (3,085)us-gaap_PaymentsOfOrdinaryDividends
Net Cash (Used In) Provided By Financing Activities 108,198us-gaap_NetCashProvidedByUsedInFinancingActivities 51,033us-gaap_NetCashProvidedByUsedInFinancingActivities
Net Increase in Cash and Cash Equivalents 65,300us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 26,070us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents at Beginning of Period 46,295us-gaap_CashAndCashEquivalentsAtCarryingValue 49,980us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents at End of Period 111,595us-gaap_CashAndCashEquivalentsAtCarryingValue 76,050us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 1,080us-gaap_InterestPaid 1,628us-gaap_InterestPaid
Income Taxes 635us-gaap_IncomeTaxesPaid 335us-gaap_IncomeTaxesPaid
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets 394us-gaap_TransferOfOtherRealEstate 484us-gaap_TransferOfOtherRealEstate
Acquisition of Subsidiaries $ 0us-gaap_StockIssuedDuringPeriodValueAcquisitions $ 91us-gaap_StockIssuedDuringPeriodValueAcquisitions