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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities:    
Net income $ 4,062 $ 3,922
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Gain on sale of securities, net 0 (14)
Gain on disposal of premises and equipment (28) (80)
Depreciation and amortization of premises and equipment 716 644
Amortization of software 303 32
Intangible asset amortization 18 26
Amortization of investment security premium, net of discount accretion 55 60
Deferred tax liability (260) 398
Stock-based compensation 253 128
Deferral of loan fees and costs, net (48) (41)
Provision for loan losses 0 400
Reserve for purchased receivables 9 12
Additions to mortgage servicing rights carried at fair value (760) (886)
Change in fair value of mortgage servicing rights carried at fair value 26 (282)
Gain on sale of loans (3,346) (3,721)
Proceeds from the sale of loans held for sale 115,178 134,347
Origination of loans held for sale (109,069) (115,058)
Gain on sale of other real estate owned 0 (41)
Impairment on other real estate owned 0 166
Net changes in assets and liabilities:    
Increase in accrued interest receivable (383) (273)
(Increase) decrease in other assets (220) 1,698
Decrease in other liabilities (1,797) (428)
Net Cash Provided by Operating Activities 4,709 21,009
Investment in securities:    
Purchases of investment securities available for sale (10,000) (11,283)
Purchases of FHLB stock 0 (1,318)
Proceeds from sales/calls/maturities of securities available for sale 18,388 18,898
Proceeds from redemption of FHLB stock 9 1,290
Decrease in purchased receivables, net 2,810 5,994
(Increase) decrease in loans, net (13,821) 14,020
Proceeds from sale of other real estate owned 71 647
Proceeds from sale of premises and equipment 0 34
Purchases of premises and equipment (152) (962)
Net Cash Provided (Used) by Investing Activities (2,695) 27,320
Financing Activities:    
Increase (decrease) increase in deposits 2,507 (20,580)
Increase in securities sold under repurchase agreements 3,272 4,176
Increase in borrowings (24) (12)
Distributions to noncontrolling interest 0 (87)
Cash dividends paid (1,648) (1,445)
Net Cash (Used) Provided by Financing Activities 4,107 (17,948)
Net Change in Cash and Cash Equivalents 6,121 30,381
Cash and Cash Equivalents at Beginning of Period 77,841 50,551
Cash and Cash Equivalents at End of Period 83,962 80,932
Supplemental Information:    
Interest paid 498 596
Transfer of loans to other real estate owned 235 0
Cash dividends declared but not paid $ 16 $ 12