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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income $ 9,892 $ 7,663
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Gain on sale of securities, net 0 (14)
Loss on disposal of premises and equipment 3 3
Depreciation and amortization of premises and equipment 768 1,317
Amortization of software 431 110
Intangible asset amortization 35 53
Amortization of investment security premium, net of discount accretion 106 101
Change in fair value of marketable equity securities 173 0
(Increase) decrease deferred tax asset, net (156) 576
Stock-based compensation 412 279
Deferral of loan fees and (costs), net 51 (20)
(Benefit) provision for loan losses (300) 700
Reserve for purchased receivables 1 23
Additions to mortgage servicing rights carried at fair value (1,572) (1,437)
Change in fair value of mortgage servicing rights carried at fair value 144 (234)
Gain on sale of loans (7,398) (8,711)
Proceeds from the sale of loans held for sale 254,323 257,446
Origination of loans held for sale (257,252) (259,002)
Gain on sale of other real estate owned (49) (155)
Impairment on other real estate owned 0 266
Net changes in assets and liabilities:    
Increase in accrued interest receivable (104) (29)
Increase in other assets (11,023) (819)
Decrease in other liabilities (1,996) (1,988)
Net Cash Used by Operating Activities (13,511) (3,872)
Investment in securities:    
Purchases of investment securities available for sale (25,731) (16,283)
Purchases of marketable equity securities (998) 0
Purchases of FHLB stock 0 (2,993)
Proceeds from sales/calls/maturities of securities available for sale 67,401 50,867
Proceeds from calls/sales of marketable equity securities 500 0
Proceeds from redemption of FHLB stock 11 2,965
Decrease in purchased receivables, net 1,908 633
Increase in loans, net (14,388) (16,677)
Proceeds from sale of other real estate owned 276 2,315
Proceeds from sale of premises and equipment 3 116
Purchases of premises and equipment (1,020) (2,115)
Net Cash Provided (Used) by Investing Activities 27,962 18,828
Financing Activities:    
Decrease in deposits (52,762) (33,343)
Decrease in securities sold under repurchase agreements (51) (3,215)
Decrease in borrowings (50) (24)
Distributions to noncontrolling interest 0 (234)
Cash dividends paid (3,299) (2,898)
Net Cash Used by Financing Activities (56,162) (39,714)
Net Change in Cash and Cash Equivalents (41,711) (24,758)
Cash and Cash Equivalents at Beginning of Period 77,841 50,551
Cash and Cash Equivalents at End of Period 36,130 25,793
Supplemental Information:    
Income taxes paid 324 3,839
Interest paid 1,070 1,211
Transfer of loans to other real estate owned 535 0
Transfer of premises to other real estate owned 0 167
Cash dividends declared but not paid $ 32 $ 26