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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 7,583 $ 5,603
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 879 976
Provision for loan losses 1,142 1,124
Amortization (accretion), net 616 1,189
OREO write-downs (gains on sales), net 349 (15)
Stock compensation expense 169 142
Changes in:    
Interest receivable 225 (50)
Other assets 294 158
Interest payable (12) (57)
Other liabilities (591) (2,798)
Net cash from operating activities 10,654 6,272
Cash flows from investing activities    
Net change in time deposits with other banks (250) 0
Purchases of securities available for sale (43,190) (12,010)
Proceeds from maturities and calls of securities available for sale 33,291 37,616
Redemption of FHLB stock 15 190
Net change in loans (13,077) (45,301)
Acquisition of subsidiary, net of cash received 0 16,385
Purchases of premises and equipment, net (305) (184)
Proceeds from sales of other real estate acquired through foreclosure 1,462 553
Net cash from (used in) investing activities (22,054) (2,751)
Cash flows from financing activities    
Net change in deposits (2,190) 1,776
Net change in agreements to repurchase securities (3,342) 8,075
Repayment of other borrowed funds (1,859) (1,217)
Proceeds from stock option exercises 138 520
Advances from FHLB 0 5,000
Repayment of FHLB advances 0 (760)
Common stock dividends paid (3,197) (2,887)
Net cash from (used in) financing activities (10,450) 10,507
Net change in cash and cash equivalents (21,850) 14,028
Cash and cash equivalents at beginning of period 104,718 72,539
Cash and cash equivalents at end of period 82,868 86,567
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 2,236 2,387
Cash paid during period for income taxes 3,632 3,387
Loans transferred to real estate acquired through foreclosure 600 524
Stock issued to acquire subsidiary 0 22,041
Premises transferred to other real estate owned $ 71 $ 0