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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 5,214 $ 3,112
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Provision for loan losses 500 500
Depreciation and other amortization 401 309
Accretion and amortization of securities discounts and premium, net 116 132
Loss on sale of investment securities available for sale 1
Gain on sale of fixed assets (8)
Compensation expense related to stock options and restricted stock grants 337 313
Gain on sale of loans held for sale (941) (1,001)
Loans originated and held for sale (49,194) (36,570)
Proceeds from sale of loans held for sale 51,040 37,920
Increase in cash surrender value of bank owned life insurance (220) (183)
(Increase) decrease in deferred tax asset (1) 1,714
Decrease in other assets, net 365 87
Increase (decrease) in other liabilities (1,179) 713
Net cash provided by operating activities 6,431 7,046
Increase (decrease) in cash realized from:    
Origination of loans, net (72,483) (55,134)
Purchase of property and equipment (498) (1,937)
Purchase of investment securities:    
Other (2,595) (1,386)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 2,221 1,751
Other 4,001 1,605
Proceeds from sale of investment securities available for sale 5,841
Net cash used for investing activities (63,513) (55,101)
Increase (decrease) in cash realized from:    
Increase in deposits, net 139,400 120,123
Increase (decrease) in Federal Home Loan Bank advances and other borrowings, net (38,600) 2,500
Proceeds from the exercise of stock options and warrants 228 112
Net cash provided by financing activities 101,028 122,735
Net increase in cash and cash equivalents 43,946 74,680
Cash and cash equivalents at beginning of the period 92,165 46,552
Cash and cash equivalents at end of the period 136,111 121,232
Cash paid for    
Interest 3,190 2,339
Income taxes
Schedule of non-cash transactions    
Unrealized gain (loss) on securities, net of income taxes $ (726) $ 157