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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,903 $ 8,564
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (517) (347)
Provision for credit losses 1,214 1,746
Depreciation and amortization 1,664 1,195
Net amortization of securities 498 612
Stock-based compensation expense 474 748
Deferred income tax expense 566 3,075
(Gains) on sales and calls of securities   (5)
Losses on disposals of premises and equipment   2
(Gains) losses on sales of other real estate owned 73 293
Fair value adjustment on equity securities 20  
Net changes in:    
Accrued interest receivable (99) (447)
Other assets (5,401) (2,236)
Accrued interest payable 331 (15)
Other liabilities 305 543
Net cash provided by operating activities 12,031 13,728
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 24,292 35,957
Purchases of investment securities available for sale   (84,495)
Purchase of equity securities (11)  
Proceeds from maturities and principal payments of investment securities held to maturity 228 479
Net change in loans (87,470) (53,834)
Purchases of premises and equipment (1,026) (1,035)
Proceeds from sales of other real estate owned 280 470
Cash received in branch acquisition (net of cash paid)   64,045
Net cash used in investing activities (63,707) (38,413)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits 3,444 29,883
Interest-bearing deposits (24,189) (33,584)
Short-term borrowings 92,309 (1,734)
Common stock dividends paid (2,931) (1,902)
Net cash provided by (used in) financing activities 68,633 (7,337)
Net increase (decrease) in cash and cash equivalents 16,957 (32,022)
Cash and cash equivalents at beginning of period 31,820 75,938
Cash and cash equivalents at end of period 48,777 43,916
Supplemental cash flows information:    
Interest paid 2,973 1,738
Income taxes paid 4,025 2,000
Transfers from loans to other real estate owned 77 95
Unrealized (loss) gain on securities available for sale (3,836) 1,550
Amortization of unrealized loss on securities transferred from available for sale to held to maturity $ 22 23
Tangible assets acquired (net of cash received)   129,188
Identifiable intangible assets acquired   3,954
Liabilities assumed   $ 212,463