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CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets
Information relative to the parent company’s condensed balance sheets at December 31, 2016 and 2015, and the related condensed statements of income and cash flows for the years ended December 31, 2016, 2015 and 2014 are presented below:

Condensed Balance Sheets
 
 
December 31,
(Dollars in thousands)
 
2016
 
2015
Assets
 
 

 
 

Cash
 
$
7,699

 
$
3,440

Investment in subsidiaries
 
168,325

 
142,057

Other assets
 
4,316

 
3,012

     Total assets
 
$
180,340

 
$
148,509

 
 
 
 
 
Liabilities and stockholders’ equity
 
 

 
 

Other liabilities
 
$
1,191

 
$
273

Long-term debt
 
33,524

 
33,524

     Total liabilities
 
34,715

 
33,797

 
 
 
 
 
     Total stockholders’ equity
 
145,625

 
114,712

     Total liabilities and stockholders’ equity
 
$
180,340

 
$
148,509
Condensed Statements of Income
Condensed Statements of Income
 
 
Year ended December 31,
(Dollars in thousands)
 
2016
 
2015
 
2014
Income - dividends from bank subsidiary
 
$
9,241

 
$
7,744

 
$
7,471

Expenses - operating
 
11,307

 
8,988

 
7,331

Income (loss) before income taxes and undistributed earnings - continuing operations
 
(2,066
)
 
(1,244
)
 
140

Income tax (benefit) - continuing operations
 
(2,072
)
 
(1,597
)
 
(992
)
Income after tax from continuing operations
 
6

 
353

 
1,132

Income before income taxes and undistributed earnings - discontinued operations
 
6,926

 
—

 
—

Income tax - discontinued operations
 
2,629

 
—

 
—

Income after tax from discontinued operations
 
4,297

 
—

 
—

Equity in undistributed income earnings of subsidiaries
 
8,609

 
6,463

 
947

Net Income
 
$
12,912

 
$
6,816

 
$
2,079

 
 
 
 
 
 
 
Preferred dividends
 
$
1,128

 
$
575

 
$
332

Net Income available to common shareholders
 
$
11,784

 
$
6,241

 
$
1,747
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
(Dollars in thousands)
 
2016
 
2015
 
2014
OPERATING ACTIVITIES
 
 

 
 

 
 

     Net Income
 
$
12,912

 
$
6,816

 
$
2,079

     Equity in undistributed earnings of subsidiaries
 
(8,609
)
 
(6,463
)
 
(947
)
     (Decrease) in other assets
 
(612
)
 
(529
)
 
(1,778
)
     Decrease (increase) in other liabilities
 
920

 
(261
)
 
436

     Stock option expense
 
568

 
413

 
321

 
 
 
 
 
 
 
     Net cash provided by (used in) operating activities
 
5,179

 
(24
)
 
111

 
 
 
 
 
 
 
INVESTING ACTIVITIES
 
 

 
 

 
 

     Investment in subsidiary
 
(19,697
)
 
(400
)
 
(37,042
)
 
 
 
 
 
 
 
     Net cash used in investing activities
 
(19,697
)
 
(400
)
 
(37,042
)
 
 
 
 
 
 
 
FINANCING ACTIVITIES
 
 

 
 

 
 

     Proceeds of stock offering
 
20,519

 
—

 
5,588

     Dividend reinvestment plan
 
—

 
—

 
180

     Proceeds from subordinated debt
 
—

 
—

 
29,400

     Preferred stock issuance
 
—

 
—

 
7,834

     Common stock options exercised
 
32

 
(448
)
 
63

     Cash dividends paid on common stock
 
(646
)
 
(641
)
 
(636
)
     Cash dividends paid on preferred stock
 
(1,128
)
 
(575
)
 
(332
)
 
 
 
 
 
 
 
     Net cash provided by (used in) financing activities
 
18,777

 
(1,664
)
 
42,097

 
 
 
 
 
 
 
Increase (decrease) in cash
 
4,259

 
(2,088
)
 
5,166

 
 
 
 
 
 
 
Cash at beginning of period
 
3,440

 
5,528

 
362

 
 
 
 
 
 
 
Cash at end of period
 
$
7,699

 
$
3,440

 
$
5,528