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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities:    
Net Income $ 8,104 $ 6,549
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (recovery of provision) for credit losses 10 (1,325)
Depreciation and amortization 694 666
Amortization of operating lease right-of-use assets 354  
Amortization of investment securities 298 258
Increase in accrued interest receivable (1,972) (1,866)
Increase (decrease) in accrued interest payable 20 (1)
Decrease in accounts payable and accrued liabilities (2,104) (1,401)
Decrease in unearned fees and unamortized loan origination costs, net 492 684
Decrease in income taxes payable (760) (1,204)
Unrealized (gain) loss on marketable equity securities (110) 78
Stock-based compensation expense 194 429
Provision for deferred income taxes (99) (108)
Gain on bank owned life insurance 0 (171)
Increase in cash surrender value of bank-owned life insurance (292) (257)
(Gain) loss on fair value option of junior subordinated debentures (911) 661
Loss on tax credit limited partnership interest 0 9
Loss on dissolution of real estate investment trust 114 0
Gain on sale of premises and equipment (6) (29)
Net decrease (increase) in other assets 1,054 (28)
Net cash provided by operating activities 5,080 2,944
Cash Flows From Investing Activities:    
Purchase of correspondent bank stock (47) (10)
Purchases of available-for-sale securities 0 (19,860)
Principal payments of available-for-sale securities 6,828 4,698
Net decrease in loans 14,559 27,839
Investment in limited partnership (320) 0
Cash proceeds from sale of premises and equipment 12 0
Proceeds from bank owned life insurance 0 376
Capital expenditures of premises and equipment (392) (542)
Net cash provided by investing activities 20,640 12,501
Cash Flows From Financing Activities:    
Net increase in demand deposits and savings accounts 77,652 67,299
Net (decrease) increase in time deposits (12,380) 1,970
Dividends on common stock 1,869 1,520
Net cash provided by financing activities 63,403 67,749
Net increase in cash and cash equivalents 89,123 83,194
Cash and cash equivalents at beginning of period 220,337 107,934
Cash and cash equivalents at end of period $ 309,460 $ 191,128