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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net Income $ 5,414,000 $ 2,664,000
Adjustments to reconcile net income to net cash provided by operating activities    
Net amortization and accretion of investments 586,000 628,000
Net amortization of deferred loan fees (110,000) 166,000
Provision for loan losses 1,856,000 2,192,000
Depreciation and amortization 1,437,000 898,000
Stock based compensation 308,000 222,000
Loans originated for sale (1,047,432,000) (596,844,000)
Proceeds of loans sold 1,067,793,000 647,905,000
Mortgage fee income (23,881,000) (12,491,000)
Gain on sale of investment securities (130,000) (396,000)
Income on bank owned life insurance (492,000) (424,000)
Deferred taxes 118,000 (1,016,000)
Other, net 799,000 (1,405,000)
Net cash provided by operating activities 6,266,000 42,099,000
Investing activities    
Purchases of investment securities available-for-sale (28,212,000) (24,268,000)
Purchases of investment securities held-to-maturity   (250,000)
Maturities/paydowns of investment securities held-to-maturity 865,000 1,000,000
Maturities/paydowns of investment securities available-for-sale 15,601,000 6,533,000
Sales of investment securities available-for-sale 12,912,000 54,268,000
Sales of investment securities held-to-maturity 421,000  
Purchases of premises and equipment (1,648,000) (7,985,000)
Net increase in loans (177,798,000) (139,999,000)
Gain on sale of portfolio loans (1,119,000) (1,549,000)
Purchases of restricted bank stock (17,431,000) (8,080,000)
Redemptions of restricted bank stock 16,977,000 9,602,000
Proceeds from sale of certificates of deposit with banks 248,000  
Purchase of certificates of deposit with banks (1,491,000)  
Proceeds from sale of other real estate owned 1,132,000 76,000
Branch acquisition, net cash acquired 48,292,000  
Purchase of bank owned life insurance   (5,000,000)
Net cash used in investing activities (131,251,000) (115,652,000)
Financing activities    
Net increase in deposits 126,331,000 150,510,000
Net (decrease) in repurchase agreements (6,111,000) (47,684,000)
Net change in short-term FHLB borrowings 3,335,000 (48,062,000)
Principal payments on FHLB borrowings (2,154,000) (1,120,000)
Proceeds from subordinated debt   29,400,000
Proceeds from stock offering   5,617,000
Preferred stock issuance   7,834,000
Dividend reinvestment plan proceeds   180,000
Common stock options exercised (448,000) 48,000
Cash dividends paid on common stock (480,000) (317,000)
Cash dividends paid on preferred stock (430,000) (187,000)
Net cash provided by financing activities 120,043,000 96,219,000
(Decrease) increase in cash and cash equivalents (4,942,000) 22,666,000
Cash and cash equivalents at beginning of period 30,077,000 39,843,000
Cash and cash equivalents at end of period 25,135,000 62,509,000
Supplemental disclosure of cash flow information    
Loans transferred to other real estate owned 174,000 346,000
Cashless stock options exercised 1,180,000  
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 8,278,000 6,444,000
Income taxes $ 2,400,000 $ 1,600,000