|
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Operating Activities |
|
|
|
| Net Income |
$ 24,570 |
$ 22,783 |
$ 23,428 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Provision for credit losses |
2,220 |
2,028 |
3,816 |
| Depreciation and amortization expense |
3,051 |
3,004 |
2,500 |
| Investment securities amortization and accretion, net |
1,784 |
2,166 |
2,207 |
| Stock-based compensation expense |
599 |
596 |
538 |
| Amortization of intangible assets |
1,148 |
1,150 |
657 |
| Net gains on sale of securities |
(451) |
(785) |
(2,498) |
| Net increase in other real estate owned valuation allowance and loss on disposition |
215 |
130 |
479 |
| Originations of mortgage loans held for sale |
(799) |
(33,254) |
(10,886) |
| Proceeds from the sale of mortgage loans |
830 |
33,982 |
17,215 |
| Gain on sale of mortgage loans |
(31) |
(728) |
(268) |
| Gain on branch divestiture |
0 |
(2,742) |
0 |
| Goodwill impairment |
0 |
2,830 |
0 |
| Gain on sale of branch facility |
0 |
0 |
(479) |
| (Increase) decrease in trading assets |
31 |
(188) |
(56) |
| (Increase) decrease in other assets |
(3,380) |
193 |
1,556 |
| Increase (decrease) in other liabilities |
99 |
(1,433) |
4,120 |
| Net cash provided by operating activities |
29,886 |
29,732 |
42,329 |
| Investing Activities |
|
|
|
| Net cash settlement in branch acquisition and branch divestiture |
0 |
(39,648) |
267,689 |
| Proceeds from sales and maturities of available-for-sale securities |
134,358 |
147,373 |
274,621 |
| Purchase of available-for-sale securities |
(78,355) |
(208,344) |
(462,552) |
| Purchase of securities held-to-maturity |
(20,338) |
0 |
0 |
| Net increase in loans |
(196,670) |
(67,826) |
(50,194) |
| Purchase of premises and equipment |
(1,316) |
(1,490) |
(3,403) |
| Purchase of Federal Home Loan Bank and Federal Reserve Bank stock |
(718) |
0 |
0 |
| Proceeds from sale of other real estate owned |
51 |
1,310 |
928 |
| Proceeds from sale of other real estate owned |
1,730 |
946 |
2,070 |
| Recoveries of previously charged-off loans |
746 |
768 |
744 |
| Proceeds from sale of building |
0 |
0 |
2,235 |
| Purchase of bank-owned life insurance |
(10,000) |
0 |
0 |
| Net cash (used) provided by investing activities |
(170,512) |
(166,911) |
32,138 |
| Financing Activities |
|
|
|
| Net increase (decrease) in deposits |
118,435 |
(29,380) |
50,544 |
| Repayments on Federal Home Loan Bank long-term advances |
(60,073) |
(289) |
(80,456) |
| Proceeds from Federal Home Loan Bank long-term advances |
60,000 |
0 |
0 |
| Net increase (decrease) in other borrowed funds |
46,954 |
170,194 |
(15,614) |
| Common stock repurchase |
(7,475) |
(2,460) |
(2,097) |
| Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings and tax benefit |
(328) |
(300) |
212 |
| Cash dividends paid on common stock |
(8,085) |
(8,121) |
(7,667) |
| Net cash provided (used) by financing activities |
150,084 |
130,244 |
(55,502) |
| Net increase (decrease) in cash and cash equivalents |
9,458 |
(6,935) |
18,965 |
| Cash and cash equivalents at beginning of year |
51,355 |
58,290 |
39,325 |
| Cash and cash equivalents at end of year |
60,813 |
51,355 |
58,290 |
| Supplemental information |
|
|
|
| Interest paid |
12,158 |
13,014 |
17,456 |
| Income taxes paid |
13,365 |
10,640 |
6,363 |
| Transfer of loans and premises and equipment to other real estate owned |
1,337 |
1,958 |
1,767 |
| Common stock repurchased not yet settled |
$ 0 |
$ 320 |
$ 0 |