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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:    
Net income $ 9,557 $ 6,408
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 500 2,550
Net amortization of purchase premiums and discounts on securities 514 552
Depreciation and amortization 530 1,385
Deferred income tax expense 367 498
Net security gains (28) (433)
Stock compensation expense 450 398
Loss on sale of OREO 247 138
Valuation writedowns on OREO   12
Gain on sale of mortgage loans held for sale, net (1,779) (923)
Gain on sale of SBA loans held for sale, net (1,204) (975)
Origination of mortgage loans held for sale (94,259) (59,194)
Origination of SBA loans held for sale (22,543) (9,994)
Proceeds from sale of mortgage loans held for sale, net 96,038 60,117
Proceeds from sale of SBA loans held for sale, net 15,297 11,345
BOLI income (380) (559)
Net change in other assets and liabilities (325) 392
Net cash provided by operating activities 2,982 11,717
INVESTING ACTIVITIES:    
Purchases of securities held to maturity (1,264) (308)
Purchases of securities available for sale (2,255) (9,947)
Purchases of FHLB stock, at cost (16,568) (8,570)
Maturities and principal payments on securities held to maturity 2,717 6,589
Maturities and principal payments on securities available for sale 8,295 9,863
Proceeds from sale of securities available for sale 528 22,129
Proceeds from redemption of FHLB stock 18,000 7,930
Proceeds from sale of OREO 4,272 3,344
Net increase in loans (123,463) (91,139)
Proceeds from BOLI   307
Purchases of premises and equipment (951) (597)
Net cash used in investing activities (110,689) (60,399)
FINANCING ACTIVITIES:    
Net increase in deposits 100,152 55,643
Proceeds from new borrowings 47,000 50,000
Repayments of borrowings (80,000) (32,000)
Proceeds from exercise of stock options   70
Dividends on common stock (1,109) (757)
Proceeds from rights offering   6,143
Net cash provided by financing activities 66,043 79,099
(Decrease) increase in cash and cash equivalents (41,664) 30,417
Cash and cash equivalents, beginning of period 129,821 99,404
Cash and cash equivalents, end of period 88,157 129,821
SUPPLEMENTAL DISCLOSURES:    
Interest paid 7,673 7,285
Cash: Income taxes paid 4,791 2,244
Noncash investing activities:    
Transfer of SBA loans held for sale to held to maturity 86 138
Capitalization of servicing rights 927 483
Transfer of loans to OREO $ 4,948 $ 4,318