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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 3,353 $ 3,083
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 1,741 1,542
Provision for loan losses 300 600
Deferred income tax expense 453 47
Stock-based compensation expense 131 117
Proceeds from sale of loans held-for-sale 22,179 14,523
Originations of loans held-for-sale (22,123) (15,165)
Earnings on bank-owned life insurance (169) (167)
Net gain from sales of loans (467) (252)
Net gain from sales of investment securities (18) (301)
Net loss (gain) on sale and write-down of foreclosed assets held-for-sale 30 (57)
Net loss on disposal of equipment   66
Change in:    
Accrued interest receivable (112) (14)
Other assets 2,484 (1,011)
Accrued interest payable and other liabilities 354 580
Net cash provided by operating activities 8,136 3,591
Held-to-maturity securities:    
Proceeds from sales   187
Proceeds from maturities, calls, and principal pay-downs   3
Available-for-sale securities:    
Proceeds from sales 10,420 4,877
Proceeds from maturities, calls and principal pay-downs 10,593 6,319
Purchases (46,959) (14,944)
Increase in FHLB stock (682) (314)
Net increase in loans and leases (24,676) (19,949)
Acquisition of bank premises and equipment (1,028) (955)
Proceeds from sale of foreclosed assets held-for-sale 1,019 1,051
Net cash used in investing activities (51,313) (23,725)
Cash flows from financing activities:    
Net increase in deposits 19,942 8,805
Net increase in short-term borrowings 30,294 13,230
Repayments of long-term debt (10,000)  
Proceeds from employee stock purchase plan participants 102 80
Dividends paid, net of dividends reinvested (1,275) (864)
Proceeds from dividend reinvestment plan participants   104
Net cash provided by financing activities 39,063 21,355
Net (decrease) increase in cash and cash equivalents (4,114) 1,221
Cash and cash equivalents, beginning 25,851 13,218
Cash and cash equivalents, ending $ 21,737 $ 14,439