Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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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 $ 5,577 $ 4,831
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 355 668
Depreciation 3,435 3,259
Amortization of Premiums, Discounts, and Fees (net) 3,037 2,269
Impairment Loss on Security 0 90
Gain (Loss) on Extinguishment of Debt (2,487) 0
Net Decrease (Increase) in Loans Held-for-Sale (414) (303)
Stock Compensation 495 522
Deferred Income Taxes 3,586 2,591
Loss on Sales and Write-Downs of Other Real Estate Owned 1,980 1,309
Loss on Sale or Disposal of Premises and Equipment 92 20
Net (Increase) Decrease in Other Assets (6,679) 1,043
Net Increase in Other Liabilities 10,787 6,768
Net Cash Provided By Operating Activities 19,764 23,067
Securities Held to Maturity:    
Purchases (28,588) (62,634)
Payments, Maturities, and Calls 11,513 23,782
Securities Available for Sale:    
Purchases (90,322) (136,542)
Payments, Maturities, and Calls 55,619 43,417
Payments for (Proceeds from) Loans Receivable (31,218) (48,409)
Proceeds From Sales of Other Real Estate Owned 5,107 6,760
Purchases of Premises and Equipment, net (2,021) (1,641)
Net Cash Used In Investing Activities (79,910) (175,267)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (Decrease) Increase in Deposits 21,957 17,850
Net Increase in Short-Term Borrowings (51,886) 4,273
Repayments Of Subordinated Notes (7,500) 0
Repayment of Other Long-Term Borrowings (1,427) (1,364)
Dividends Paid (1,378) (1,041)
Payments to Repurchase Common Stock (6,312) (5,798)
Issuance of Common Stock Under Compensation Plans 272 280
Net Cash (Used In) Provided By Financing Activities (46,274) 14,200
NET DECREASE IN CASH AND CASH EQUIVALENTS (106,420) (138,000)
Cash and Cash Equivalents at Beginning of Period 378,905 385,056
Cash and Cash Equivalents at End of Period 272,485 247,056
Supplemental Cash Flow Disclosures:    
Interest Paid 1,630 1,694
Income Taxes Paid (375) 171
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned 2,419 2,830
Transfer of Current Portion of Long-Term Borrowings $ 437 $ 0