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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income $ 11,295 $ 14,107
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Loss (gain) on sale of securities, net 11 (134)
Loss on sale of premises and equipment 365 7
Depreciation and amortization of premises and equipment 1,800 1,670
Amortization of software 123 136
Intangible asset amortization 106 218
Amortization of investment security premium, net of discount accretion 3 (196)
Deferred tax liability (251) (314)
Stock-based compensation 531 357
Excess tax expense (benefits) from share-based payment arrangements 35 (5)
Deferral of loan fees and costs, net (204) (203)
Provision for loan losses 1,555 1,378
Recovery from purchased receivables (18) (95)
Gain on sale of loans (19,426) (21,181)
Proceeds from the sale of loans held for sale 560,092 592,675
Origination of loans held for sale (566,565) (594,225)
Gain on sale of other real estate owned (239) (136)
Impairment on other real estate owned 187 360
Net changes in assets and liabilities:    
Increase in accrued interest receivable (54) (103)
Decrease in other assets 3,926 3,829
Decrease in other liabilities (10,944) (5,937)
Net Cash Used in Operating Activities (17,672) (7,792)
Investing Activities:    
Purchases of investment securities available for sale (90,412) (107,873)
Purchases of FHLB stock (151) 0
Proceeds from sales/calls/maturities of securities available for sale 82,812 156,491
Proceeds from calls/maturities of securities held to maturity 0 1,285
Proceeds from maturities of domestic certificates of deposit 0 3,500
Proceeds from redemption of FHLB stock 2 1,588
(Increase) decrease in purchased receivables, net (2,156) 1,617
Increase in loans, net (16,515) (50,359)
Proceeds from sale of other real estate owned 793 1,971
Investment in other real estate owned (311) 0
Elliott Cove divestiture, net of cash received 0 219
Sales of premises and equipment 1,379 0
Purchases of premises and equipment (2,429) (5,461)
Net Cash (Used in) Provided by Investing Activities (26,988) 2,978
Financing Activities:    
Increase in deposits 37,574 85,172
(Decrease) increase in securities sold under repurchase agreements (3,719) 13,570
Increase (decrease) in borrowings 2,230 (13,846)
Distributions to noncontrolling interest (205) (402)
Proceeds from the issuance of common stock 0 97
Excess tax benefits from share-based payment arrangements (35) 5
Cash dividends paid (3,992) (3,772)
Net Cash Provided by Financing Activities 31,853 80,824
Net Change in Cash and Cash Equivalents (12,807) 76,010
Cash and Cash Equivalents at Beginning of Period 58,673 68,556
Cash and Cash Equivalents at End of Period 45,866 144,566
Supplemental Information:    
Income taxes paid 4,412 4,136
Interest paid 1,823 2,174
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 6,809 55
Transfer of loans to other real estate owned 201 1,133
Cash dividends declared but not paid $ 39 $ 34