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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net Income $ 12,276 $ 10,068
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (recovery of provision) for credit losses 15 (1,699)
Depreciation and amortization 1,055 1,005
Amortization of operating lease right-of-use assets 575  
Amortization of investment securities 489 406
Increase in accrued interest receivable (2,181) (2,886)
Increase in accrued interest payable 15 13
Decrease in accounts payable and accrued liabilities (1,996) (1,052)
Decrease in unearned fees and unamortized loan origination costs, net 508 556
Decrease in income taxes payable (359) (493)
Unrealized (gain) loss on marketable equity securities (128) 114
Stock-based compensation expense 272 592
Provision for deferred income taxes (52) (190)
Gain on bank owned life insurance 0 (171)
Increase in cash surrender value of bank-owned life insurance (438) (389)
(Gain) loss on fair value option of junior subordinated debentures (1,571) 923
Loss on tax credit limited partnership interest 0 14
Loss on dissolution of real estate investment trust 115 0
Gain on sale of premises and equipment (1) (29)
Net decrease in other assets 1,171 330
Net cash provided by operating activities 9,765 7,112
Cash Flows From Investing Activities:    
Purchase of correspondent bank stock (52) (23)
Purchases of available-for-sale securities (23,017) (28,072)
Principal payments of available-for-sale securities 11,407 7,157
Net decrease in loans 17,626 25,385
Investment in limited partnership (300) 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 (684) (715)
Net cash provided by investing activities 4,992 4,108
Cash Flows From Financing Activities:    
Net increase in demand deposits and savings accounts 28,859 83,102
Net (decrease) increase in time deposits (14,280) 8,086
Dividends on common stock (3,730) (3,042)
Net cash provided by financing activities 10,849 88,146
Net increase in cash and cash equivalents 25,606 99,366
Cash and cash equivalents at beginning of period 220,337 107,934
Cash and cash equivalents at end of period $ 245,943 $ 207,300