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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income $ 3,914 $ 2,519
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization of premises and equipment 887 926
Recovery of loan losses (535) (1,137)
Deferred income taxes 2,326 1,379
Deferred loan fees and costs, net 21 (220)
Premium amortization and discount accretion of investment securities, net 679 583
Amortization of core deposit premiums 338 352
Net accretion on acquired loans (1,449) (2,099)
Stock compensation expense 162 178
Increase in cash surrender value of bank-owned life insurance, net (326) (266)
Origination of loans held for sale (16,337) (22,389)
Net proceeds from sale of loans held for sale 17,560 17,787
Net gain on sale of loans held for sale (148) (173)
Mortgage servicing rights capitalized (593) (300)
Mortgage servicing rights amortization 170 130
Net gain on sale of premises and equipment 0 (88)
Net loss on sales and write-downs of other real estate owned 501 294
Changes in assets and liabilities:    
Decrease (Increase) in accrued interest receivable and other assets 1,271 (4,477)
Increase (Decrease) in accrued interest payable and other liabilities 589 (1,834)
Net cash provided by (used in) operating activities 9,030 (8,835)
Available-for-sale securities:    
Proceeds from maturities, calls and principal repayments 14,114 15,520
Purchases 0 (31,133)
Held-to-maturity securities:    
Proceeds from maturities, calls and principal repayments 0 1,818
Net increase in loans held for investment (26,547) (38,487)
Proceeds from sales of other real estate owned 1,964 1,490
Purchases of premises and equipment (78) (687)
Proceeds from sales of premises and equipment 0 565
Net cash received from bulk sale of loans 46,642 0
Net cash provided by (used in) investing activities 36,095 (50,914)
Financing Activities    
Net increase in deposits 7,653 13,052
Increase (Decrease) in retail repurchase agreements 133 (1,239)
Decrease in Federal Home Loan Bank advances (28,514) (13)
Issuance of common stock, net of expense 6 0
Net cash provided by (used in) financing activities (20,722) 11,800
Net Increase (Decrease) in Cash and Cash Equivalents 24,403 (47,949)
Cash and Cash Equivalents at Beginning of Period 39,175 95,882
Cash and Cash Equivalents at End of Period 63,578 47,933
Cash paid during the period for:    
Interest 2,686 5,759
Income taxes, net of refunds 7 39
Noncash transactions:    
Foreclosed loans transferred to other real estate owned 59 2,495
Unrealized securities gains, net of income taxes 4,634 1,660
Transfer of fixed assets to other assets 0 2,722
Employee benefit plan costs, net of income taxes (54) 0
Unrealized loss on interest rate swaps, net of income taxes $ (549) $ (321)