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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net Income $ 12,912,000 $ 6,816,000 $ 2,079,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net amortization and accretion of investments 1,001,000 765,000 820,000
Net amortization of deferred loan fees 55,000 203,000 405,000
Provision for loan losses 3,632,000 2,493,000 2,582,000
Depreciation and amortization 3,407,000 2,908,000 1,245,000
Stock based compensation 568,000 413,000 321,000
Loans originated for sale (1,643,450,000) (1,341,965,000) (843,233,000)
Proceeds of loans sold 1,691,572,000 1,338,341,000 881,323,000
Mortgage fee income (35,673,000) (29,472,000) (17,557,000)
Gain on sale of securities (1,084,000) (130,000) (553,000)
Loss on sale of securities 2,000 0 140,000
Gain on sale of portfolio loans (1,042,000) (1,413,000) (702,000)
Gain on sale of subsidiary (6,926,000) 0 0
Income on bank owned life insurance (638,000) (653,000) (588,000)
Deferred taxes 707,000 (395,000) (1,082,000)
Other, net 221,000 (812,000) (779,000)
Net cash provided by (used in) operating activities 25,264,000 (22,901,000) 24,421,000
INVESTING ACTIVITIES      
Purchases of investment securities available-for-sale (114,612,000) (39,552,000) (29,573,000)
Purchases of investment securities held-to-maturity 0 (700,000) (250,000)
Maturities/paydowns of investment securities available-for-sale 17,790,000 24,412,000 8,230,000
Maturities/paydowns of investment securities held-to-maturity 400,000 1,580,000 2,000,000
Sales of investment securities available-for-sale 55,191,000 12,912,000 61,299,000
Sales of investment securities held-to-maturity 0 421,000 0
Purchases of premises and equipment (1,668,000) (2,153,000) (9,798,000)
Disposals of premises and equipment from sale of subsidiary 581,000 0 0
Net increase in loans (22,245,000) (215,173,000) (176,989,000)
Purchases of restricted bank stock (23,933,000) (24,344,000) (13,975,000)
Redemptions of restricted bank stock 26,684,000 20,972,000 15,024,000
Proceeds from sale of certificates of deposit with banks 6,717,000 248,000 1,234,000
Purchases of certificates of deposit with banks (8,094,000) (1,491,000) (3,714,000)
Proceeds from sale of other real estate owned 159,000 1,132,000 76,000
Proceeds from sale of subsidiary 7,047,000 0 0
Branch acquisition, net cash acquired 0 48,292,000 0
Purchase of bank owned life insurance 0 0 (5,000,000)
Net cash used in investing activities (55,983,000) (173,444,000) (151,436,000)
FINANCING ACTIVITIES      
Net increase in deposits 94,703,000 120,390,000 127,416,000
Net decrease in repurchase agreements (2,277,000) (5,236,000) (48,905,000)
Net change in short-term FHLB borrowings (92,184,000) 84,088,000 (2,199,000)
Principal payments on FHLB borrowings (93,000) (2,177,000) (1,160,000)
Proceeds from subordinated debt 0 0 29,400,000
Proceeds from stock offering, net of issuance costs 20,519,000 0 5,588,000
Preferred stock issuance 0 0 7,834,000
Common stock options exercised 32,000 (448,000) 63,000
Dividend reinvestment plan proceeds 0 0 180,000
Cash dividends paid on common stock (646,000) (641,000) (636,000)
Cash dividends paid on preferred stock (1,128,000) (575,000) (332,000)
Net cash provided by financing activities 18,926,000 195,401,000 117,249,000
(Decrease) increase in cash and cash equivalents (11,793,000) (944,000) (9,766,000)
Cash and cash equivalents at beginning of period 29,133,000 30,077,000 39,843,000
Cash and cash equivalents at end of period 17,340,000 29,133,000 30,077,000
Supplemental disclosure of cash flow information:      
Loans transferred to other real estate owned 332,000 174,000 346,000
Cashless stock options exercised 16,000 1,180,000 0
Cash payments for:      
Interest on deposits, repurchase agreements and borrowings 10,890,000 11,124,000 8,953,000
Income taxes $ 6,922,000 $ 2,400,000 $ 1,729,000