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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net income $ 9,181 $ 7,916
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization for premises and equipment 442 488
Provision for loan losses 60 225
Amortization of premiums and accretion of discounts 1,250 2,099
Net gain on sale of securities available for sale (288) (467)
Impairment losses on investment securities 193   
Net realized loss (gain) on derivatives 440 (217)
Amortization of intangible assets 60 89
Compensation expense on ESOP and MRP 848 751
Increases in Bank owned life insurance (276) (300)
Decrease in accrued interest receivable 3 418
Decrease in prepaid FDIC assessment   2,031
(Increase) decrease in prepaid expenses and other assets (592) 1,423
Increase in accrued expenses and other liabilities 1,061 4,719
Gain on sale of real estate acquired through foreclosure (12) (57)
Other 914 (924)
Net cash provided by operating activities 13,284 18,194
Investing activities:    
Loan originations (73,054) (94,632)
Purchases of:    
Securities available for sale (96,039) (105,656)
FHLB Stock (1,430) (3,614)
Premises and equipment (143) (94)
Principal repayments of:    
Loans receivable 60,436 86,948
Securities available for sale 80,473 125,633
Proceeds from the sale of:    
Securities available for sale 563 1,795
Real estate acquired through foreclosure 45 579
Premises and Equipment   105
Proceeds from bank owned life insurance 636  
Redemption of FHLB stock 2,751 1,966
Funding of real estate held for investment (12,952) (3,846)
Proceeds from real estate held for investment 12,949 2,607
Net cash (used in) provided by investing activities (25,765) 11,791
Financing activities:    
Net increase in deposits 77,396 32,707
Proceeds from long-term borrowings 33,118 94,030
Repayments of long-term borrowings (75,714) (138,227)
Net decrease in short-term borrowings (20,102) (2,502)
Capital disbursement to noncontrolling interest (32) (646)
Redemption of junior subordinated notes   (10,310)
Proceeds received from exercise of stock options 387 903
Dividends paid (3,548) (1,468)
Payments to acquire treasury stock (123) (595)
Stock purchased by ESOP (247) (199)
Net cash (used in) provided by financing activities 11,135 (26,307)
Net (decrease) increase in cash equivalents (1,346) 3,678
Cash equivalents at beginning of period 16,214 15,064
Cash equivalents at end of period 14,868 18,742
Supplemental information:    
Interest paid 8,253 10,412
Income taxes paid 2,528 1,849
Supplemental schedule of non-cash investing and financing activities:    
Transfers from loans receivable to real estate acquired through foreclosure 121 53
Transfers from loan originations to proceeds on real estate held for investment 1,691 3,160
Dividends declared but not paid 1,776 1,764
Unfunded security commitments   $ 2,160