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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net Income $ 4,008,000 $ 2,127,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net amortization and accretion of investments 387,000 434,000
Net amortization of deferred loan fees (4,000) 27,000
Provision for loan losses 1,220,000 1,408,000
Depreciation and amortization 932,000 587,000
Stock based compensation 203,000 129,000
Loans originated for sale (708,970,000) (381,190,000)
Proceeds of loans sold 677,116,000 408,709,000
Mortgage fee income (14,926,000) (7,543,000)
Gain on sale of investment securities (126,000) (125,000)
Income on bank owned life insurance (332,000) (255,000)
Deferred taxes 254,000 (936,000)
Other, net (195,000) 150,000
Net cash (used in) provided by operating activities (40,433,000) 23,522,000
Investing activities    
Purchases of investment securities available-for-sale (22,733,000) (24,268,000)
Purchases of investment securities held-to-maturity   (250,000)
Maturities/paydowns of investment securities held-to-maturity 790,000 750,000
Maturities/paydowns of investment securities available-for-sale 13,521,000 4,759,000
Sales of investment securities available-for-sale 11,484,000 37,177,000
Sales of investment securities held-to-maturity 421,000  
Purchases of premises and equipment (1,105,000) (4,962,000)
Net increase in loans (113,180,000) (112,078,000)
Purchases of restricted bank stock (12,418,000) (7,361,000)
Redemptions of restricted bank stock 9,498,000 5,937,000
Proceeds from sale of certificates of deposit with banks 248,000 76,000
Proceeds from sale of other real estate owned 239,000  
Purchase of bank owned life insurance   (5,000,000)
Net cash used in investing activities (113,235,000) (105,220,000)
Financing activities    
Net increase in deposits 67,742,000 51,232,000
Net (decrease) in repurchase agreements (6,410,000) (45,057,000)
Net change in short-term FHLB borrowings 77,041,000 22,202,000
Principal payments on FHLB borrowings (83,000) (1,080,000)
Proceeds from subordinated debt   29,313,000
Proceeds from stock offering   5,662,000
Preferred stock issuance   7,834,000
Dividend reinvestment plan proceeds   180,000
Common stock options exercised (81,000) 48,000
Cash dividends paid on common stock (319,000) (317,000)
Cash dividends paid on preferred stock (285,000) (43,000)
Net cash provided by financing activities 137,605,000 69,974,000
(Decrease) increase in cash and cash equivalents (16,063,000) (11,724,000)
Cash and cash equivalents at beginning of period 30,077,000 39,843,000
Cash and cash equivalents at end of period 14,014,000 28,119,000
Supplemental disclosure of cash flow information    
Loans transferred to other real estate owned   146,000
Cashless stock options exercised 169,000  
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 5,391,000 3,632,000
Income taxes $ 1,900,000 $ 1,020,000