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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 4,800 $ 4,882
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 451 392
Amortization of deferred loan costs 211 169
Amortization of intangibles 268 305
Net accretion of purchase accounting adjustments on tangible assets   (275)
Amortization of loss on investment tax credits 117 125
Provision for loan losses 1,200 1,200
Net gain on sale of other real estate owned (1) (11)
Loans originated for sale (5,141) (5,268)
Proceeds from sale of loans originated for sale 4,734 5,394
Net gain on sale of loans originated for sale (37) (204)
Net amortization of investment securities 759 1,041
Net gain on sale of investment securities available-for-sale   (242)
Life insurance investment income (189) (193)
Stock based compensation 17 18
Net change in:    
Accrued interest receivable 624 341
Other assets (580) (583)
Accrued interest payable (5) (54)
Other liabilities 308 (404)
Net cash provided by operating activities 7,536 6,633
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale   10,271
Proceeds from repayments of investment securities:    
Available-for-sale 9,285 10,453
Held-to-maturity 331 418
Purchases of investment securities:    
Available-for-sale (14,999)  
Net redemption (purchase) of restricted equity securities 270 (798)
Net increase in lending activities (27,349) (69,321)
Investment in low income housing investment tax credits   (2,050)
Purchases of premises and equipment (2,158) (1,646)
Purchase of investment in life insurance   (1,500)
Proceeds from sale of other real estate owned 208 83
Net cash used in investing activities (34,412) (54,090)
Cash flows from financing activities:    
Net increase in deposits 26,787 19,798
Repayment of long-term debt (519) (573)
Net (decrease) increase in short-term borrowings (5,225) 22,025
Retirement of common stock   (417)
Cash dividends paid (2,293) (2,295)
Net cash provided by financing activities 18,750 38,538
Net decrease in cash and cash equivalents (8,126) (8,919)
Cash and cash equivalents at beginning of period 39,941 32,917
Cash and cash equivalents at end of period 31,815 23,998
Cash paid during the period for:    
Interest 1,961 1,931
Noncash items:    
Transfers of loans to other real estate $ 50 $ 524