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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net income $ 8,064 $ 7,830 $ 7,486
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,584 2,352 2,339
Provision for loan losses 1,853 2,293 1,960
Gains on sales of securities available for sale, net (1,554) (140) (186)
Loss on disposal of assets, net 115 67 59
Originations of mortgage loans held for sale (3,346) (1,597) 0
Proceeds from sales of mortgage loans held for sale 3,378 1,596 38,035
(Gains) losses on sales of mortgage loans held for sale, net (32) 1 (4,860)
Premium amortization on securities, net 4,956 4,042 2,981
Deferred income tax expense 746 109 1,181
Gain on sale of majority interest in consolidated subsidiary 0 0 (24)
Share-based compensation 925 605 426
(Gains) losses on sales of other real estate owned, net (66) 100 14
Valuation adjustments on other real estate owned 310 79 (3)
Valuation adjustments on other assets held for sale 200 0 200
Increase in bank owned life insurance cash surrender value (652) (656) (662)
Changes in assets and liabilities:      
Increase in other assets (1,406) (4,826) (2,604)
Increase (decrease) in other liabilities (98) 448 2,447
Net cash provided by operating activities 15,977 12,303 48,789
Cash Flows from Investing Activities      
Proceeds from maturity, calls, principal repayments and sales of securities available for sale 155,485 106,154 132,286
Proceeds from maturity, calls, and principal repayments of held to maturity 44 43 0
Purchases of securities held to maturity (6,520) (2,750) (1,500)
Purchases of securities available for sale (90,644) (139,556) (149,287)
(Purchases) redemptions of restricted stock, net 1,869 (1,132) 1,501
(Purchases) sales of bank premises and equipment, net (978) (2,137) 321
Loan originations, net (26,687) (13,941) (5,748)
Proceeds from sales of loans 4,412 1,124 5,492
Purchases of loans (36,321) (42,035) (34,042)
Proceeds from sale of majority interest in consolidated subsidiary, net 0 0 3,618
Proceeds from sale of other real estate owned and repossessed assets 713 893 2,666
Net cash provided by (used in) investing activities 1,373 (93,337) (44,693)
Cash Flows from Financing Activities      
Increase in demand, interest-bearing demand and savings deposits 31,193 56,083 25,686
Decrease in certificates of deposit (18,935) (4,363) (19,002)
Increase (decrease) in securities sold under agreements to repurchase 7,995 (11,682) 4,012
Increase (decrease) in FHLB borrowings (45,500) 30,000 (25,000)
Payment of dividends on common stock (3,701) (3,292) (2,419)
Proceeds from exercise of options and warrant 1,742 0 394
Excess tax benefit on share-based compensation 14 0 37
Repurchases of common stock (842) (1,506) (125)
Net cash provided by (used in) provided by financing activities (28,034) 65,240 (16,417)
Decrease in cash and cash equivalents (10,684) (15,794) (12,321)
Cash and cash equivalents at beginning of year 39,228 55,022 67,343
Cash and cash equivalents at end of year 28,544 39,228 55,022
Supplemental Disclosures of Cash Flow Information      
Interest paid 4,447 4,200 5,341
Income taxes 1,525 3,710 800
Supplemental Disclosure of Non-Cash Transactions      
Unrealized gains (losses) on securities available for sale (4,761) (3,192) 5,634
Change in market value of interest rate swaps 99 (15) (236)
Transfer of loans to other real estate owned and repossessed assets 2,645 984 4,438
Transfer of other real estate owned to premises and equipment $ 0 $ 697 $ 0