Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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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 $ 4,831 $ 5,224
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 668 858
Depreciation 3,259 3,246
Amortization of Premiums, Discounts, and Fees (net) $ 2,269 2,521
Amortization of Intangible Assets   $ 32
Impairment Loss on Security $ 90  
Net Decrease in Loans Held-for-Sale (303) $ (1,975)
Stock Compensation 522 526
Deferred Income Taxes 2,591 1,390
Loss on Sales and Write-Downs of Other Real Estate Owned 1,309 $ 2,382
Loss on Disposal of Equipment 20  
Net Decrease in Other Assets 1,043 $ 1,796
Net Increase (Decrease) in Other Liabilities 6,768 (2,834)
Net Cash Provided By Operating Activities 23,067 13,166
Securities Held to Maturity:    
Purchases (62,634) (51,311)
Payments, Maturities, and Calls 23,782 18,325
Securities Available-for-Sale:    
Purchases (136,542) (89,578)
Payments, Maturities, and Calls 43,417 64,239
Net Increase in Loans (48,409) (29,452)
Proceeds From Sales of Other Real Estate Owned 6,760 12,377
Purchases of Premises and Equipment (1,641) (2,002)
Net Cash Used In Investing Activities (175,267) (77,402)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net Increase (Decrease) in Deposits 17,850 (27,798)
Net Increase (Decrease) in Short-Term Borrowings 4,273 (15,829)
Repayment of Other Long-Term Borrowings (1,364) (3,521)
Dividends Paid (1,041) $ (696)
Payments to Repurchase Common Stock (5,798)  
Issuance of Common Stock Under Compensation Plans 280 $ 341
Net Cash Provided By (Used In) Financing Activities 14,200 (47,503)
NET DECREASE IN CASH AND CASH EQUIVALENTS (138,000) (111,739)
Cash and Cash Equivalents at Beginning of Period 385,056 529,928
Cash and Cash Equivalents at End of Period 247,056 418,189
Supplemental Cash Flow Disclosures:    
Interest Paid 1,694 1,915
Income Taxes Paid 171 2,635
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned $ 2,830 9,267
Transfer of Current Portion of Long-Term Borrowings   $ 1,240