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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income $ 3,429 $ 2,726
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,993 2,125
Deferred income tax (benefit) expense (87) 49
Depreciation 661 393
Stock based compensation 126 119
Loans originated for sale (777,016) (87,014)
Proceeds of loans sold 834,275 89,278
Income on sale of loans held for resale (18,385) (1,686)
Loss on sale of other real estate owned   2
(Gain) on sale of investment securities (82) (186)
(Gain) on sale of subsidiary (626)  
Income on bank owned life insurance (342) (231)
(Gain) on derivatives (423)  
Amortization, net of accretion 888 890
(Increase) decrease in interest receivable and other assets (5,774) 652
Increase (decrease) in accrued interest, taxes, and other liabilities 939 (435)
Net cash provided by operating activities 39,576 6,682
Investing activities    
(Increase) in loans made to customers (77,084) (73,871)
Purchases of premises and equipment (4,264) (1,459)
Decrease (increase) in deposits with FHLB and Fed, net (17,668) (3,496)
Maturities of certificates of deposit in other banks   491
Purchases of investment securities held-to-maturity (20,042) (19,436)
Purchases of investment securities available-for-sale (47,807) (28,022)
Proceeds from sales, maturities and calls of securities available-for-sale 14,540 42,842
Proceeds from sales and calls of securities held-to-maturity   115
Proceeds from sale of other real estate owned 24 30
Adjustment of branch acquisition (157)  
Purchase of bank owned life insurance (5,079)  
Net cash (used in) investing activities (157,537) (82,806)
Financing activities    
Net increase in deposits 133,491 80,686
Net increase (decrease) in repurchase agreements 15,913 (8,571)
Proceeds from Federal Home Loan Bank borrowings 410,418 99,127
Principal payments on Federal Home Loan Bank borrowings (449,789) (93,747)
Net proceeds of stock offering 13,707 266
Cash dividend on common stock (241) (153)
Dividends on preferred stock (64) (115)
Net cash provided by financing activities 123,435 77,493
Increase in cash and cash equivalents 5,474 1,369
Cash and cash equivalents - beginning of period 21,637 9,763
Cash and cash equivalents - end of period 27,111 11,132
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 3,691 3,651
Income taxes $ 776 $ 768