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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net income $ 9,592 $ 12,586
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,364 884
Provision for loan losses 875 500
Share-based compensation expense 285 150
Deferred income tax benefit (364) (235)
Loans originated for sale (11,305) (7,068)
Proceeds from sale of loans 11,492 8,001
Gain (Loss) on Sales of Loans, Net (231) (154)
Realized securities gains, net (58) (836)
Gain on disposal of assets (93) (480)
Write-downs of foreclosed properties 538 503
Amortization of securities premiums, net 3,125 3,329
Amortization (accretion) related to acquisitions, net (870) 9
Amortization of intangibles 974 150
Earnings on cash surrender value of bank owned life insurance (425) (772)
(Increase) decrease in accrued interest receivable (752) 75
Decrease (increase) in other assets 1,539 (762)
(Decrease) increase in other liabilities (221) 673
Net cash provided by operating activities 15,465 16,553
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 2,610 630
Proceeds from sales of securities available for sale 131,345 63,641
Principal payments received on securities available for sale 24,349 27,696
Purchases of securities available for sale (118,346) (73,595)
Purchases of other investments (13,116) (15,389)
Proceeds from redemptions of other investments 13,274 10,942
Net loan originations (26,099) (156,744)
Purchases of premises and equipment (5,672) (1,199)
Proceeds from Sale of Property, Plant, and Equipment 0 43
Proceeds from sales of repossessed assets & property held for sale 4,463 3,659
Payments to Acquire Businesses, Net of Cash Acquired 39,053 0
Net cash provided by (used in) investing activities 51,861 (140,316)
Cash Flows from Financing Activities    
Net (decrease) increase in demand deposit, NOW and savings accounts (9,812) 54,830
Net (decrease) increase in time deposits (19,305) 35,243
Net (decrease) increase in short-term borrowings (28,782) 63,263
Repayment of long-term borrowings (915) (1,435)
Net proceeds from issuance of common stock (43) 75
Proceeds from Stock Options Exercised 12 0
Dividends paid on common stock (3,883) (3,201)
Net cash provided by (used in) financing activities (62,728) 148,775
Increase in cash and cash equivalents 4,598 25,012
Cash and cash equivalents:    
Beginning 46,616 [1] 9,487
Ending 51,214 34,499
Cash payments for:    
Interest 13,055 10,889
Income taxes 3,557 5,768
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans $ 289 $ 2,053
[1] Derived from audited consolidated financial statements