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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities      
Net income $ 7,830 $ 7,486 $ 6,163
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,352 2,339 1,983
Provision for loan losses 2,293 1,960 109
Gain on sales of securities available for sale, net (140) (186) (418)
Loss on disposal of assets, net 67 59 141
Goodwill impairment 0 0 500
Premium amortization on securities, net 4,042 2,981 3,530
Deferred income tax expense (benefit) 109 1,181 (384)
Gain on sale of majority interest in consolidated subsidiary 0 (24) 0
Decrease in loans held for sale, net 0 33,175 48,939
Share-based compensation 605 426 492
Loss on sale of other real estate owned, net 100 14 747
Valuation adjustment on other real estate owned 79 (3) 235
Valuation adjustment on property held for sale 0 200 0
Decrease in prepaid FDIC insurance 0 0 3,015
Changes in assets and liabilities:      
(Increase) decrease in other assets (5,482) (3,266) 293
Increase in other liabilities 448 2,447 1,746
Net cash provided by operating activities 12,303 48,789 67,091
Cash Flows from Investing Activities      
Proceeds from maturity, calls, principal repayments and sales of securities available for sale 106,154 132,286 109,794
Proceeds from maturity, calls, principal repayments and sales of held to maturity 43 0 0
Purchase of securities held to maturity (2,750) (1,500) 0
Purchase of securities available for sale (139,556) (149,287) (132,155)
(Purchases) sales of bank premises and equipment, net (1,132) 1,501 210
(Purchases) sales of bank premises and equipment, net (2,137) 321 (928)
Originations and purchases of loans, net (55,976) (39,790) (22,492)
Proceeds from sale of loans 1,124 5,492 0
Proceeds from sale of majority interest in consolidated subsidiary, net 0 3,618 0
Proceeds from sale of other real estate owned and repossessed assets 893 2,666 7,602
Purchase of bank-owned life insurance 0 0 (5,000)
Net cash used in investing activities (93,337) (44,693) (42,969)
Cash Flows from Financing Activities      
Increase in demand, interest-bearing demand and savings deposits 56,083 25,686 24,579
Decrease in certificates of deposit (4,363) (19,002) (24,083)
(Decrease) increase in securities sold under agreements to repurchase (11,682) 4,012 564
Decrease in short-term borrowings 0 0 (11,873)
Increase (decrease) in FHLB borrowings 30,000 (25,000) 2,088
Distributions to non-controlling interest 0 0 (705)
Payment of dividends on common stock (3,292) (2,419) (1,700)
Proceeds from issuance of common stock, net 0 394 39
Repurchase of common stock (1,506) (88) (103)
Net cash provided by (used in) provided by financing activities 65,240 (16,417) (11,194)
Increase (decrease) in cash and cash equivalents (15,794) (12,321) 12,928
Cash and cash equivalents at beginning of year 55,022 67,343 54,415
Cash and cash equivalents at end of year 39,228 55,022 67,343
Supplemental Disclosures of Cash Flow Information      
Interest paid 4,200 5,341 6,720
Income taxes 3,710 800 0
Supplemental Disclosure of Non-Cash Transactions      
Unrealized (loss) gain on securities available for sale (3,192) 5,634 (9,864)
Change in market value of interest rate swap (15) (236) 417
Transfer of loans to other real estate owned and repossessed assets 984 4,438 2,389
Transfer of other real estate owned to premises and equipment $ 697 $ 0 $ 310