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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net income $ 3,922 $ 3,506
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
(Gain) loss on sale of securities, net (14) 23
Gain on sale of premises and equipment (80) 0
Depreciation and amortization of premises and equipment 644 585
Amortization of software 32 42
Intangible asset amortization 26 35
Amortization of investment security premium, net of discount accretion 60 7
Deferred tax liability 398 1,019
Stock-based compensation 128 161
Deferral of loan fees and costs, net (41) (361)
Provision for loan losses 400 703
Reserve (recovery) for purchased receivables 12 (12)
Gain on sale of loans (3,721) (4,777)
Proceeds from the sale of loans held for sale 134,347 149,473
Origination of loans held for sale (115,058) (133,050)
Gain on sale of other real estate owned (41) (60)
Impairment on other real estate owned 166 0
Net changes in assets and liabilities:    
Increase in accrued interest receivable (273) (260)
Decrease in other assets 530 101
Decrease in other liabilities (428) (8,795)
Net Cash Provided by Operating Activities 21,009 8,340
Investment in securities:    
Purchases of investment securities available for sale (11,283) (16,993)
Purchases of FHLB stock (1,318) (60)
Proceeds from sales/calls/maturities of securities available for sale 18,898 13,064
Proceeds from redemption of FHLB stock 1,290 1
Decrease in purchased receivables, net 5,994 1,631
Decrease in loans, net 14,020 9,959
Proceeds from sale of other real estate owned 647 411
Proceeds from sale of premises and equipment 34 0
Purchases of premises and equipment (962) (716)
Net Cash Provided by Investing Activities 27,320 7,297
Financing Activities:    
(Decrease) increase in deposits (20,580) 6,175
Increase (decrease) in securities sold under repurchase agreements 4,176 (5,474)
(Decrease) increase in borrowings (12) 5,607
Distributions to noncontrolling interest (87) (36)
Cash dividends paid (1,445) (1,307)
Net Cash (Used) Provided by Financing Activities (17,948) 4,965
Net Change in Cash and Cash Equivalents 30,381 20,602
Cash and Cash Equivalents at Beginning of Period 50,551 58,673
Cash and Cash Equivalents at End of Period 80,932 79,275
Supplemental Information:    
Income taxes paid 0 2
Interest paid 596 607
Cash dividends declared but not paid $ 12 $ 10