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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities    
Net income $ 5,061 $ 3,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 295 303
Accretion and amortization of investment securities premiums and discounts, net 1,853 1,326
Valuation adjustment on mortgage servicing rights (21) 13
Increase (decrease) in deferred loan origination fees and costs, net 133 (90)
Provision for loan losses 600 900
Stock-based compensation 165 135
Losses (gain) on sales/calls of available-for-sale securities 16 (14)
Gain on sale-leaseback of real estate (1,187) 0
Gains on sales of other real estate owned 0 (4)
Gains on sales of loans held-for-sale (295) (362)
Proceeds from sales of loans held-for-sale 15,699 16,470
Originations of loans held-for-sale (12,886) (17,643)
Changes in assets and liabilities:    
Increase in interest receivable and other assets (673) (1,012)
Decrease increase in interest payable and other liabilities (517) (1,114)
Net cash provided by operating activities 8,243 2,674
Cash Flows From Investing Activities    
Proceeds from calls or maturities of available-for-sale securities 2,275 20,704
Proceeds from sales of available-for-sale securities 462 0
Principal repayments on available-for-sale securities 23,694 15,260
Purchase of available-for-sale securities (55,419) (87,640)
Net decrease (increase) in certificates of deposit 12,245 (60)
Net increase in loans (5,980) (28,932)
Net increase in stock in Federal Home Loan Bank and other equity securities, at cost (1,158) (475)
Proceeds from sale of other real estate owned 0 221
Proceeds from sale of bank premises and equipment 2,868 0
Purchases of bank premises and equipment, net (930) (773)
Net cash used in investing activities (21,943) (81,695)
Cash Flows From Financing Activities    
Net (decrease) increase in deposits (14,423) 21,748
Cash dividends paid in lieu of fractional shares (10) (5)
Net cash (used in) provided by financing activities (14,433) 21,743
Net decrease in Cash and Cash Equivalents (28,133) (57,278)
Cash and Cash Equivalents, beginning of period 159,643 200,797
Cash and Cash Equivalents, end of period 131,510 143,519
Cash paid during the period for:    
Interest 518 543
Income taxes 3,265 2,380
Supplemental disclosures of non-cash investing and financing activities:    
Stock dividend distributed 5,295 3,351
Transfer of loans held-for-investment to other real estate owned 0 217
Decrease in directors' & officer's retirement plan equity adjustment, net of tax (46) 0
Change in unrealized holding gains (losses) on available for sale securities, net of taxes $ 113 $ 911