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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net income $ 11,574,000 $ 10,627,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 850,000 1,050,000
Net amortization of purchase premiums and discounts on securities 81,000 108,000
Depreciation and amortization 795,000 895,000
Deferred income tax benefit (262,000) (543,000)
Stock compensation expense 604,000 528,000
Loss on sale of OREO 0 (13,000)
Gain on sale of mortgage loans held for sale, net (619,000) (682,000)
Gain on sale of SBA loans held for sale, net (554,000) (1,130,000)
Origination of mortgage loans held for sale (43,022,000) (26,501,000)
Origination of SBA loans held for sale (5,479,000) (4,424,000)
Proceeds from sale of mortgage loans held for sale, net 43,641,000 27,183,000
Proceeds from sale of SBA loans held for sale, net 9,629,000 13,516,000
BOLI income (297,000) (346,000)
Net change in other assets and liabilities (1,221,000) 1,123,000
Net cash provided by operating activities 15,720,000 21,391,000
INVESTING ACTIVITIES    
Purchases of FHLB stock, at cost (42,989,000) (32,155,000)
Maturities and principal payments on securities held to maturity 413,000 514,000
Maturities and principal payments on debt securities available for sale 2,306,000 2,538,000
Proceeds from redemption of FHLB stock 43,785,000 33,773,000
Proceeds from sale of OREO 0 439,000
Net increase in loans (45,083,000) (84,020,000)
Purchases of premises and equipment (287,000) (773,000)
Net cash used in investing activities (41,855,000) (79,684,000)
FINANCING ACTIVITIES    
Net increase in deposits 56,666,000 103,262,000
Proceeds from new borrowings 190,000,000 190,000,000
Repayments of borrowings (210,000,000) (245,000,000)
Proceeds from exercise of stock options 363,064 391,958
Dividends on common stock (1,569,000) (1,340,000)
Net cash provided by financing activities 35,460,000 47,314,000
Decrease in cash and cash equivalents 9,325,000 (10,979,000)
Cash and cash equivalents, beginning of period 145,515,000 150,254,000
Cash and cash equivalents, end of period 154,840,000 139,275,000
SUPPLEMENTAL DISCLOSURES    
Interest paid 8,847,000 5,920,000
Income taxes paid 4,132,000 2,111,000
Noncash investing activities:    
Establishment of lease liability and right-of-use asset 3,191,000 0
Capitalization of servicing rights 428,000 426,000
Transfer of loans to OREO $ 976,000 $ 106,000