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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 4,466 $ 3,889
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (credit) for loan losses 423 (164)
Depreciation 519 486
Stock based compensation 454 261
Deferred income taxes (714) (304)
Net accretion of discounts and premiums for investment securities 65 (82)
(Gains)/Losses on:    
Sale of repossessed assets, net (150) 14
Loans originated for sale and principal collections, net 2,855 2,107
Changes in:    
Other assets (1,222) (1,633)
Other liabilities 2,337 (208)
Servicing assets, net 54 50
Net cash provided by operating activities 9,087 4,416
Cash flows from investing activities:    
Principal pay downs and maturities of available-for-sale securities 2,315 9,483
Purchase of available-for-sale securities (9,413) (7,840)
Purchases of securities held-to-maturity 0 (2,697)
Proceeds from principal pay downs and maturities of securities held-to-maturity 796 498
Loan originations and principal collections, net (94,808) (60,322)
Purchase of restricted stock, net (277) (184)
Net decrease in interest-bearing deposits in other financial institutions 0 (1)
Purchase of premises and equipment, net (1,720) (881)
Proceeds from sale of other real estate owned and repossessed assets, net 303 342
Net cash used in investing activities (102,804) (61,602)
Cash flows from financing activities:    
Net increase in deposits 84,918 46,263
Net increase (decrease) in borrowings 26,843 (5,000)
Exercise of stock options 347 213
Cash dividends paid on common stock (936) (813)
Common stock repurchase 0 (1,337)
Net cash provided by financing activities 111,172 39,326
Net increase (decrease) cash and cash equivalents 17,455 (17,860)
Cash and cash equivalents at beginning of year 34,116 35,519
Cash and cash equivalents at end of period 51,571 17,659
Cash paid during the period for:    
Interest 3,118 2,226
Income taxes 2,380 4,200
Non-cash investing and financing activity:    
Transfers to other assets acquired through foreclosure, net $ 502 $ 213