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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 9,355$ 8,570
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses525840
Depreciation and amortization394362
Amortization and accretion of investment securities1,455561
Deferred income taxes26049
Investment securities gains, net(351)(99)
Earnings on bank owned life insurance(371)(376)
Loss (gain) on sale of foreclosed assets held for sale43(48)
Originations of loans held for sale(7,470)(6,607)
Proceeds from sales of loans held for sale7,5816,699
Realized gains on loans sold(111)(92)
Increase in accrued interest receivable(525)(495)
Decrease in accrued interest payable(240)(223)
Other, net338(748)
Net cash provided by operating activities10,8838,393
Available-for-sale securities:  
Proceeds from sales of available-for-sale securities9,7908,871
Proceeds from maturity and principal repayments of securities61,89635,728
Purchase of securities(119,451)(73,674)
Proceeds from redemption of regulatory stock3120
Net increase in loans(5,746)(19,585)
Purchase of premises and equipment(101)(1,227)
Purchase of land for potential future expansion(542)0
Proceeds from sale of premises and equipment5900
Proceeds from sale of foreclosed assets held for sale372665
Net cash used in investing activities(52,880)(49,222)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Net increase in deposits38,83449,682
Proceeds from long-term borrowings3,0133,163
Repayments of long-term borrowings(7,000)(3,324)
Net increase in short-term borrowed funds8352,500
Purchase of treasury and restricted stock(796)(381)
Dividends paid(2,073)(2,194)
Net cash provided by financing activities32,81349,446
Net (decrease) increase in cash and cash equivalents(9,184)8,617
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD43,99531,449
CASH AND CASH EQUIVALENTS AT END OF PERIOD34,81140,066
Supplemental Disclosures of Cash Flow Information:  
Interest paid7,6698,921
Income taxes paid2,0152,455
Loans transferred to foreclosed property$ 670$ 1,205