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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
[2]
Dec. 31, 2016
Operating Activities      
Net Income $ 10,076 $ 8,646 [1],[3],[4]  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 579 872 [3] $ 5,258
Depreciation and amortization expense 916 1,427  
Purchase accounting accretion, net (748) (1,055)  
Investment securities amortization and accretion, net 786 652  
Stock-based compensation expense 366 324  
Amortization of intangible assets 472 476 [3]  
Net (decrease) increase in other real estate owned valuation allowance and (gain) loss on disposition (27) 66  
Originations of mortgage loans held for sale (33,629) (44,431)  
Proceeds from the sale of mortgage loans 44,320 39,868  
Gain on sale of mortgage loans, net of origination costs (1,280) (972)  
Decrease in other assets 3,283 2,869  
Decrease in other liabilities (20) (4,171)  
Net cash provided by operating activities 25,094 4,571  
Investing Activities      
Proceeds from maturities of available-for-sale securities 32,557 28,580  
Purchase of available-for-sale securities (77,286) (66,849)  
Purchase of securities held-to-maturity 0 (3,929)  
Net increase in loans (50,049) (2,321)  
Purchase of Federal Home Loan Bank stock (2,143) (92)  
Proceeds from the sale of other real estate owned 329 42  
Recoveries of previously charged-off loans 183 104  
Purchase of premises and equipment (264) (464)  
Proceeds from the sale of premises and equipment 137 0  
Net cash used by investing activities (96,536) (44,929)  
Financing Activities      
Net increase (decrease) in deposits 108,736 (51,286)  
Net (repayments of) proceeds from borrowings less than 90 days (37,779) 86,726  
Repayments of wholesale repurchase agreements (5,000) 0  
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings (552) 719  
Cash dividends paid on common stock 3,575 3,088  
Net cash provided by financing activities 61,830 33,071  
Net decrease in cash and cash equivalents (9,612) (7,287)  
Cash and cash equivalents at beginning of period 87,707 79,488 79,488 [2]
Cash and cash equivalents at end of period 78,095 72,201 $ 87,707
Supplemental information      
Interest paid 4,549 4,029  
Income taxes paid 57 5  
Transfer from loans to other real estate owned 0 32  
SBM Financial, Inc. acquisition measurement-period adjustments $ 0 $ 390  
[1] (1) The financial information for the three months ended March 31, 2016 has been adjusted to reflect the adoption of ASU 2016-09.
[2] (1)The consolidated statement of cash flows for the three months ended March 31, 2016 has been adjusted to reflect the adoption of ASU 2016-09 in the second quarter of 2016 effective as of January 1, 2016.
[3] (1)The consolidated statement of income for the three months ended March 31, 2016 has been adjusted to reflect the adoption of Accounting Standards Updates No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09") in the second quarter of 2016 effective as of January 1, 2016.
[4] (5) Share and per share amounts for the three months ended March 31, 2016 have been adjusted to reflect the three-for-two stock split effective September 30, 2016.