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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 16,497 $ 13,427 $ 11,540
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of discounts and premiums on securities 1,384 1,163 2,231
Gain on sales of securities available-for-sale (642) (97) (38)
Gain on sales of SBA loans (843) (971) (449)
Proceeds from sale of SBA loans originated for sale 11,497 15,858 6,174
Net change in SBA loans originated for sale (14,906) (12,911) (9,234)
Provision (credit) for loan losses 32 (338) (816)
Increase in cash surrender value of life insurance (1,697) (1,600) (1,654)
Gain on proceeds from company owned life insurance   (51)  
Depreciation and amortization 685 725 729
Amortization of other intangible assets 1,043 510 473
Gains on sale of foreclosed assets, net (106)   (243)
Stock option expense, net 974 862 593
Amortization of restricted stock award, net 265 (9) 200
Effect of changes in:      
Accrued interest receivable and other assets 16,274 (2,428) 4,694
Accrued interest payable and other liabilities (1,963) 5,244 2,063
Net cash provided by operating activities 28,494 19,384 16,263
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of securities available-for-sale (232,644) (53,292) (17,844)
Purchase of securities held-to-maturity (9,482) (4,595) (51,044)
Maturities/paydowns/calls of securities available-for-sale 31,195 24,917 62,531
Maturities/paydowns/calls of securities held-to-maturity 3,931 3,899 3,851
Proceeds from sale of securities available-for-sale 71,832 108,603 26,944
Net change in loans (97,898) (131,648) (97,910)
Changes in Federal Home Loan Bank stock, Federal Reserve Bank stock and other investments (1,788) (163) 293
Purchase of premises and equipment (1,007) (817) (500)
Proceeds from sale of foreclosed assets 1,571   850
Proceeds from company owned life insurance   406  
Cash paid in bank acquisition, net of cash received 165,786 (21,918)  
Net cash used in investing activities (68,504) (74,608) (72,829)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in deposits 269,266 102,165 (193,147)
Repurchase of warrant     (140)
Exercise of stock options 315 262 88
Offering costs (144)    
Short-term borrowings 3,000    
Repayments of short-term borrowings   (31,647)  
Redemption of subordinated debt     (9,279)
Payment of cash dividends (10,738) (5,758) (1,916)
Net cash provided by (used in) financing activities 261,699 65,022 (204,394)
Net increase (decrease) in cash and cash equivalents 221,689 9,798 (260,960)
Cash and cash equivalents, beginning of period 122,403 112,605 373,565
Cash and cash equivalents, end of period 344,092 122,403 112,605
Supplemental disclosures of cash flow information:      
Interest paid 2,427 2,166 2,685
Income taxes paid 6,904 4,280 2,021
Supplemental schedule of non-cash investing activity:      
Due to broker for securities purchased, settling after year-end     961
Transfer of loans held-for-sale to loan portfolio 2,543   3,770
Loans transferred to foreclosed assets $ 1,236 $ 229 $ 33