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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net income $ 22,579 $ 15,249 $ 16,301
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) loan losses (103) 1,016 250
Depreciation 1,775 1,877 1,892
Net accretion of acquisition accounting adjustments (1,288) (2,114) (2,318)
Core deposit intangible amortization 265 528 964
Net amortization of securities 1,617 1,831 2,678
Net gain on sale or call of securities available for sale (81) (812) (836)
Net unrealized holding gain on equity securities (42) 0 0
Gain on sale of loans held for sale (1,862) (1,765) (1,328)
Proceeds from sales of loans held for sale 80,600 92,733 76,928
Originations of loans held for sale (77,739) (86,611) (78,330)
Net loss on other real estate owned 14 22 72
Valuation allowance on other real estate owned 30 143 156
Net loss (gain) on sale of premises and equipment (60) (344) 9
Equity based compensation expense 1,196 1,016 824
Net change in bank owned life insurance (481) (297) (505)
Deferred income tax expense 556 3,471 882
Net change in interest receivable (218) (148) (967)
Net change in other assets (100) (379) (1,390)
Net change in interest payable 121 51 (32)
Net change in other liabilities 723 284 867
Net cash provided by operating activities 27,502 25,751 16,117
Cash Flows from Investing Activities:      
Proceeds from sales of equity securities 431 0 0
Proceeds from sales of securities available for sale 57,607 55,903 13,019
Proceeds from maturities, calls and paydowns of securities available for sale 30,607 52,397 140,483
Purchases of securities available for sale (106,575) (84,931) (168,069)
Net change in restricted stock 863 114 (912)
Net increase in loans (21,256) (170,515) (157,198)
Proceeds from sale of premises and equipment 234 653 1
Purchases of premises and equipment (2,723) (2,648) (3,613)
Proceeds from sales of other real estate owned 911 1,171 923
Net cash used in investing activities (39,901) (147,856) (175,366)
Cash Flows from Financing Activities:      
Net change in demand, money market, and savings deposits 53,202 159,283 126,435
Net change in time deposits (21,701) 4,803 (18,455)
Net change in customer repurchase agreements 24,517 (28,440) (1,445)
Net change in other short-term borrowings (24,000) 4,000 20,000
Net change in long-term borrowings 0 (10,000) 0
Common stock dividends paid (8,702) (8,384) (8,266)
Repurchase of common stock 0 0 (1,292)
Proceeds from exercise of stock options 861 113 142
Net cash provided by financing activities 24,177 121,375 117,119
Net Increase (Decrease) in Cash and Cash Equivalents 11,778 (730) (42,130)
Cash and Cash Equivalents at Beginning of Period 52,477 53,207 95,337
Cash and Cash Equivalents at End of Period $ 64,255 $ 52,477 $ 53,207