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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities:    
Net income $ 8,012 $ 8,576
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Loss (gain) on sale of securities, net 11 (130)
Loss on sale of premises and equipment 358 7
Depreciation and amortization of premises and equipment 1,178 1,122
Amortization of software 84 90
Intangible asset amortization 70 145
Amortization of investment security premium, net of discount accretion 8 (119)
Deferred tax liability 448 (685)
Stock-based compensation 377 237
Excess tax benefits from share-based payment arrangements 0 1
Deferral of loan fees and costs, net (292) (92)
Provision for loan losses 903 702
Recovery from purchased receivables (18) (72)
Gain on sale of loans (11,924) (13,686)
Proceeds from the sale of loans held for sale 344,087 376,782
Origination of loans held for sale (341,970) (392,823)
Gain on sale of other real estate owned (112) (136)
Impairment on other real estate owned 130 268
Net changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable 62 (26)
(Increase) decrease in other assets (3,302) 2,352
Decrease in other liabilities (6,472) (8,731)
Net Cash Provided by (Used in) Operating Activities (8,362) (26,218)
Investing Activities:    
Purchases of investment securities available for sale (31,985) (59,196)
Purchases of FHLB stock (151) 0
Proceeds from sales/calls/maturities of securities available for sale 34,283 115,917
Proceeds from maturities of domestic certificates of deposit 0 3,500
Proceeds from redemption of FHLB stock 1 1,587
(Increase) decrease in purchased receivables, net (252) 1,278
Decrease (increase) in loans, net 13,063 (50,597)
Proceeds from sale of other real estate owned 477 1,971
Elliott Cove divestiture, net of cash received 0 219
Sales of premises and equipment 1,379 0
Purchases of premises and equipment (1,369) (3,428)
Net Cash Provided by Investing Activities 15,446 11,251
Financing Activities:    
Increase in deposits 14,896 58,970
Decrease in securities sold under repurchase agreements (5,371) (1,948)
Increase (decrease) in borrowings 2,242 (3,995)
Distributions to noncontrolling interest (154) (75)
Cash dividends paid (2,614) (2,470)
Net Cash Provided by Financing Activities 8,999 50,482
Net Change in Cash and Cash Equivalents 16,083 35,515
Cash and Cash Equivalents at Beginning of Period 58,673 68,556
Cash and Cash Equivalents at End of Period 74,756 104,071
Supplemental Information:    
Income taxes paid 2,162 4,011
Interest paid 1,213 1,556
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 6,809 55
Transfer of loans to other real estate owned 0 337
Cash dividends declared but not paid $ 24 $ 22