Annual report pursuant to Section 13 and 15(d)

CONDENSED FINANCIAL STATEMENTS (PARENT COMPANY ONLY), Condensed Statements of Cash Flows (Details)

v3.3.1.900
CONDENSED FINANCIAL STATEMENTS (PARENT COMPANY ONLY), Condensed Statements of Cash Flows (Details) - USD ($)
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2009
Dec. 31, 2008
Cash flows from operating activities                          
Net income $ 3,538,000 $ 3,201,000 $ 3,215,000 $ 2,840,000 $ 2,317,000 $ 2,762,000 $ 2,755,000 $ 2,639,000 $ 12,794,000 $ 10,473,000 $ 9,549,000    
Adjustments to reconcile net income to net cash from operating activities:                          
Stock compensation expense                 478,000 338,000 160,000    
Net cash from operating activities                 14,001,000 16,618,000 16,312,000    
Cash flows from investing activities                          
Net cash from investing activities                 (95,303,000) (95,806,000) (40,991,000)    
Cash flows from financing activities                          
Proceeds from issuance of common stock                 0 4,000 0    
Cash dividends paid                 (3,702,000) (2,689,000) 0    
Common stock issuance costs                 0 (102,000) 0    
Repurchases of shares                 (171,000) (106,000) (45,000)    
Cash paid in preferred stock exchange                 0 0 (4,734,000)    
Net cash from financing activities                 133,323,000 51,751,000 (44,787,000)    
Net change in cash and cash equivalents                 52,021,000 (27,437,000) (69,466,000)    
Cash and cash equivalents at beginning of period       129,455,000       156,892,000 129,455,000 156,892,000 226,358,000    
Cash and cash equivalents at end of period 181,476,000       129,455,000       181,476,000 129,455,000 156,892,000    
Supplemental noncash disclosures:                          
Exchange of 31,290 shares of Preferred Series A for 5,973,519 shares of common stock                 0 0 30,604,000    
Exchange of 2,300 shares of Preferred Series B for 457,159 shares of common stock                 0 0 $ 2,260,000    
Series A [Member]                          
Cash flows from financing activities                          
Common stock issuance costs                         $ (686,000)
Series B [Member]                          
Cash flows from financing activities                          
Common stock issuance costs                       $ (40,000)  
Common Stock [Member]                          
Cash flows from financing activities                          
Common stock issuance costs                   (102,000)      
Conversion of Preferred Stock Series B to Common Stock [Member] | Preferred Stock [Member] | Series B [Member]                          
Supplemental noncash disclosures:                          
Number of shares converted in conversion of Preferred Stock to Common Stock (in shares)                     300    
Conversion of Preferred Stock Series B to Common Stock [Member] | Common Stock [Member]                          
Supplemental noncash disclosures:                          
Number of shares issued in conversion of Preferred Stock to Common Stock (in shares)                     50,000    
Exchange of Preferred Stock Series A to Common Stock [Member] | Preferred Stock [Member] | Series A [Member]                          
Supplemental noncash disclosures:                          
Number of shares exchanged in exchange of Preferred Stock to Common Stock (in shares)                     31,290    
Exchange of Preferred Stock Series A to Common Stock [Member] | Common Stock [Member]                          
Supplemental noncash disclosures:                          
Number of shares issued in exchange of Preferred Stock to Common Stock (in shares)                     5,973,519    
Exchange of Preferred Stock Series B to Common Stock [Member] | Preferred Stock [Member] | Series B [Member]                          
Supplemental noncash disclosures:                          
Number of shares exchanged in exchange of Preferred Stock to Common Stock (in shares)                     2,300    
Exchange of Preferred Stock Series B to Common Stock [Member] | Common Stock [Member]                          
Supplemental noncash disclosures:                          
Number of shares issued in exchange of Preferred Stock to Common Stock (in shares)                     457,159    
Parent Company [Member]                          
Cash flows from operating activities                          
Net income                 12,794,000 10,473,000 $ 9,549,000    
Adjustments to reconcile net income to net cash from operating activities:                          
Equity in undistributed earnings of subsidiaries                 (8,893,000) (7,592,000) (5,770,000)    
Stock compensation expense                 18,000 2,000 0    
Change in other assets                 2,237,000 673,000 (740,000)    
Change in other liabilities                 (9,000) (29,000) (4,487,000)    
Net cash from operating activities                 6,147,000 3,527,000 (1,448,000)    
Cash flows from investing activities                          
Investment in subsidiaries                 0 0 0    
Net cash from investing activities                 0 0 0    
Cash flows from financing activities                          
Proceeds from issuance of common stock                 0 4,000 0    
Cash dividends paid                 (3,702,000) (2,689,000) 0    
Common stock issuance costs                 0 (102,000) 0    
Redemption of subordinated debt                 0 0 (1,650,000)    
Repurchases of shares                 (171,000) (106,000) (45,000)    
Cash paid in preferred stock exchange                 0 0 (4,734,000)    
Net cash from financing activities                 (3,873,000) (2,893,000) (6,429,000)    
Net change in cash and cash equivalents                 2,274,000 634,000 (7,877,000)    
Cash and cash equivalents at beginning of period       $ 2,544,000       $ 1,910,000 2,544,000 1,910,000 9,787,000    
Cash and cash equivalents at end of period $ 4,818,000       $ 2,544,000       4,818,000 2,544,000 1,910,000    
Supplemental noncash disclosures:                          
Conversion of 300 shares of Preferred Series B to 50,000 shares of common stock                 0 0 300,000    
Exchange of 31,290 shares of Preferred Series A for 5,973,519 shares of common stock                 0 0 30,604,000    
Exchange of 2,300 shares of Preferred Series B for 457,159 shares of common stock                 $ 0 $ 0 $ 2,260,000    
Parent Company [Member] | Conversion of Preferred Stock Series B to Common Stock [Member] | Preferred Stock [Member] | Series B [Member]                          
Supplemental noncash disclosures:                          
Number of shares converted in conversion of Preferred Stock to Common Stock (in shares)                     300    
Parent Company [Member] | Conversion of Preferred Stock Series B to Common Stock [Member] | Common Stock [Member]                          
Supplemental noncash disclosures:                          
Number of shares issued in conversion of Preferred Stock to Common Stock (in shares)                     50,000    
Parent Company [Member] | Exchange of Preferred Stock Series A to Common Stock [Member] | Preferred Stock [Member] | Series A [Member]                          
Supplemental noncash disclosures:                          
Number of shares exchanged in exchange of Preferred Stock to Common Stock (in shares)                     31,290    
Parent Company [Member] | Exchange of Preferred Stock Series A to Common Stock [Member] | Common Stock [Member]                          
Supplemental noncash disclosures:                          
Number of shares issued in exchange of Preferred Stock to Common Stock (in shares)                     5,973,519    
Parent Company [Member] | Exchange of Preferred Stock Series B to Common Stock [Member] | Preferred Stock [Member] | Series B [Member]                          
Supplemental noncash disclosures:                          
Number of shares exchanged in exchange of Preferred Stock to Common Stock (in shares)                     2,300    
Parent Company [Member] | Exchange of Preferred Stock Series B to Common Stock [Member] | Common Stock [Member]                          
Supplemental noncash disclosures:                          
Number of shares issued in exchange of Preferred Stock to Common Stock (in shares)                     457,159