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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 16,192 $ 14,944
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums, discounts and deferred loan fees and costs 2,009 1,808
Depreciation and amortization 1,914 1,807
Amortization of intangible assets 218 242
Provision for loan and lease losses 1,610 3,082
Loans originated for sale (34,649) (8,450)
Proceeds from sales of loans 32,622 9,492
Gains on sales and calls of securities (17) (2)
Gains on sales of loans held for sale (729) (235)
Gains on other real estate and other repossessed assets (144) (65)
Losses on sales of premises and equipment 2 19
Stock-based compensation 912 638
Increase in other assets (3,535) (813)
Decrease in other liabilities (281) (1,863)
NET CASH PROVIDED BY OPERATING ACTIVITIES 16,124 20,604
Proceeds from repayments on and maturity of securities:    
Available for sale 37,946 24,738
Held to maturity 8,804 11,217
Proceeds from sales of securities    
Available for sale 11,472 15,646
Held to maturity   1,374
Purchase of securities:    
Available for sale (54,241) (17,133)
Held to maturity (24,245) (16,497)
Purchase of bank owned life insurance (4,078)  
Proceeds from bank owned life insurance policy 772  
Net increase in Federal Home Loan Bank Stock (2,933) (1,873)
Net increase in loans and leases (103,750) (143,585)
Proceeds from sales of other real estate and repossessed assets 853 455
Proceeds from dispositions of premises and equipment 4  
Capital expenditures (2,053) (1,056)
NET CASH USED IN INVESTING ACTIVITIES (131,449) (126,714)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 52,204 17,737
Increase in federal funds purchased and securities sold under agreements to repurchase 37,314 74,520
Proceeds from other borrowings 70,230 130,000
Repayments of other borrowings (10,000) (75,000)
Excess tax benefits 59 65
Exercise of stock options 113 142
Retirement of restricted stock (250) (56)
Issuance of stock to dividend reinvestment and stock purchase plan   64
Dividends paid (6,095) (5,118)
NET CASH PROVIDED BY FINANCING ACTIVITIES 143,575 142,354
Net increase in cash and cash equivalents 28,250 36,244
Cash and cash equivalents, beginning of period 109,316 102,721
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 137,566 $ 138,965