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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 8,216 $ 6,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 100 700
Depreciation 949 882
Net accretion of acquisition accounting adjustments (1,353) (1,957)
Core deposit intangible amortization 576 601
Net amortization of securities 1,356 1,369
Net gains on sale or call of securities (588) (547)
Gain on sale of loans held for sale (514) (481)
Proceeds from sales of loans held for sale 30,465 25,601
Originations of loans held for sale (31,377) (27,224)
Net loss (gain) on other real estate owned 64 (10)
Valuation allowance on other real estate owned 76 63
Net loss (gain) on sale of premises and equipment 8 (5)
Equity based compensation expense 447 402
Net change in bank owned life insurance (227) (228)
Deferred income tax (benefit) expense (1,763) 83
Net change in interest receivable (858) 391
Net change in other assets 151 (350)
Net change in interest payable 13 (40)
Net change in other liabilities 625 (1,161)
Net cash provided by operating activities 6,366 4,484
Cash Flows from Investing Activities:    
Proceeds from sales of securities available for sale 9,317 7,429
Proceeds from maturities, calls and paydowns of securities available for sale 63,183 57,846
Purchases of securities available for sale (93,501) (60,117)
Net change in restricted stock (50) (224)
Net increase in loans (51,143) (26,465)
Proceeds from sale of premises and equipment 1 42
Purchases of premises and equipment (269) (601)
Proceeds from sales of other real estate owned 852 1,047
Cash paid in bank acquisition 0 (5,935)
Cash acquired in bank acquisition 0 18,173
Net cash used in investing activities (71,610) (8,805)
Cash Flows from Financing Activities:    
Net change in demand, money market, and savings deposits 29,697 39,984
Net change in time deposits 6,028 (18,980)
Net change in customer repurchase agreements 12,758 (3,357)
Common stock dividends paid (4,133) (4,005)
Repurchase of common stock (1,203) (1,175)
Proceeds from exercise of stock options 101 265
Net cash provided by financing activities 43,248 12,732
Net (Decrease) Increase in Cash and Cash Equivalents (21,996) 8,411
Cash and Cash Equivalents at Beginning of Period 95,337 67,303
Cash and Cash Equivalents at End of Period $ 73,341 $ 75,714