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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net income $ 5,812 $ 4,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses (44) 300
Depreciation 466 444
Net accretion of acquisition accounting adjustments (427) (434)
Core deposit intangible amortization 77 165
Net amortization of securities 430 542
Net gains on sale or call of securities (8) (259)
Unrealized holding gains on equity securities (113) 0
Gain on sale of loans held for sale (450) (529)
Proceeds from sales of loans held for sale 17,947 22,777
Originations of loans held for sale (17,650) (18,124)
Net (gain) loss on other real estate owned (6) 3
Valuation allowance on other real estate owned 0 26
Net gain on sale of premises and equipment (3) 0
Equity based compensation expense 278 309
Earnings on bank owned life insurance (106) (107)
Deferred income tax (benefit) expense (2) 438
Net change in interest receivable 286 601
Net change in other assets (644) (350)
Net change in interest payable 24 (49)
Net change in other liabilities 59 250
Net cash provided by operating activities 5,926 10,066
Cash Flows from Investing Activities:    
Proceeds from sales of securities available for sale 22,066 41,519
Proceeds from maturities, calls and paydowns of securities available for sale 9,824 12,885
Purchases of securities available for sale (27,272) 0
Net change in restricted stock 889 732
Net decrease (increase) in loans 14,840 (55,067)
Proceeds from sale of premises and equipment 24 0
Purchases of premises and equipment (345) (663)
Proceeds from sales of other real estate owned 47 37
Net cash provided by (used in) investing activities 20,073 (557)
Cash Flows from Financing Activities:    
Net change in demand, money market, and savings deposits 26,591 53,087
Net change in time deposits (2,066) (7,623)
Net change in customer repurchase agreements (260) 8,610
Net change in other short-term borrowings (24,000) (20,000)
Common stock dividends paid (2,173) (2,073)
Proceeds from exercise of stock options 85 73
Net cash (used in) provided by financing activities (1,823) 32,074
Net Increase in Cash and Cash Equivalents 24,176 41,583
Cash and Cash Equivalents at Beginning of Period 52,477 53,207
Cash and Cash Equivalents at End of Period $ 76,653 $ 94,790