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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 5,603 $ 6,269
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 976 874
Provision (credit) for loan losses 1,124 (77)
Amortization (accretion), net 1,189 307
OREO writedowns (gains on sales), net (15) 254
Stock compensation expense 142 163
Loans originated for sale 0 (1,679)
Secondary market loans sold 0 1,941
Secondary market income 0 (38)
Changes in:    
Interest receivable (50) (52)
Other assets 158 166
Interest payable (57) (47)
Other liabilities (2,798) (227)
Net cash from operating activities 6,272 7,854
Cash flows from investing activities    
Purchases of securities available for sale (12,010) (30,705)
Proceeds from maturities and calls of securities available for sale 37,616 33,557
Purchase of FHLB stock 0 (76)
Redemption of FHLB stock 190 0
Net change in loans (45,301) (4,415)
Acquisition of subsidiary, net of cash received 16,385 0
Purchases of premises and equipment, net (184) (377)
Improvements to OREO property 0 (29)
Proceeds from sales of other real estate acquired through foreclosure 553 2,649
Net cash from investing activities (2,751) 604
Cash flows from financing activities    
Net change in deposits 1,776 (4,618)
Net change in agreements to repurchase securities 8,075 (273)
Repayment of other borrowed funds (1,217) (3,215)
Proceeds from other borrowings 0 4,000
Proceeds from stock option exercises 520 201
Purchase of warrant 0 (5,675)
Advances from FHLB 5,000 0
Repayment of FHLB Advances (760) 0
Common stock dividends paid (2,887) (2,120)
Net cash from financing activities 10,507 (11,700)
Net change in cash and cash equivalents 14,028 (3,242)
Cash and cash equivalents at beginning of period 72,539 75,384
Cash and cash equivalents at end of period 86,567 72,142
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 2,387 2,128
Cash paid during period for income taxes 3,387 2,866
Loans transferred to real estate acquired through foreclosure 524 1,255
Stock issued to acquire subsidiary 22,041 0
Premises transferred to other real estate owned $ 0 $ 760