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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 31,403 $ 26,920 $ 16,889
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Net Amortization on Securities Available for Sale 2,523 3,028 2,779
Net (Gain) Loss on Sales of Securities Available for Sale (516) 125 250
Provision for Loan Losses 2,700 3,575 4,175
Depreciation and Amortization of Premises and Equipment 1,008 761 694
Loss on Sale of Premises and Equipment 9    
Amortization of Other Intangible Assets 191 191 191
Amortization of Subordinated Debt Issuance Costs 103 103 43
Net (Gain) Loss on Sale of Foreclosed Assets (69) 225 (356)
Stock-based Compensation 752 799 368
Deferred Income Taxes (747) (1,298) (2,062)
Changes in Operating Assets and Liabilities:      
Accrued Interest Receivable and Other Assets 529 (7,627) (122)
Accrued Interest Payable and Other Liabilities 1,641 2,606 2,053
Net Cash Provided by Operating Activities 39,527 29,408 24,902
CASH FLOWS FROM INVESTING ACTIVITIES      
(Increase) Decrease in Bank-owned Certificates of Deposit 651 (233) 1,627
Proceeds from Sales of Securities Available for Sale 42,864 24,684 36,209
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale 41,118 22,965 23,411
Purchases of Securities Available for Sale (98,817) (78,368) (68,453)
Proceeds from Sale of Premises and Equipment 1    
Net Increase in Loans (247,573) (317,453) (346,231)
Net Increase in FHLB Stock (210) (2,467) (157)
Purchases of Premises and Equipment (15,572) (3,720) (1,235)
Proceeds from Sales of Foreclosed Assets 1,327 356 4,647
Net Cash Used in Investing Activities (276,211) (354,236) (350,182)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase in Deposits 262,376 221,584 315,842
Net Decrease in Federal Funds Purchased (18,000) (5,000) (21,000)
Principal Payments on Notes Payable (2,000) (2,000) (2,000)
Proceeds from FHLB Advances 42,500 70,000 29,000
Principal Payments on FHLB Advances (30,000) (14,000) (14,000)
Proceeds from Issuance of Subordinated Debentures     24,484
Stock Options Exercised 258 106 180
Issuance of Common Stock   58,857  
Stock Repurchases (14,959)    
Net Cash Provided by Financing Activities 240,175 329,547 332,506
NET CHANGE IN CASH AND CASH EQUIVALENTS 3,491 4,719 7,226
Cash and Cash Equivalents Beginning 28,444 23,725 16,499
Cash and Cash Equivalents Ending 31,935 28,444 23,725
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Cash Paid for Interest 29,367 19,987 11,334
Cash Paid for Income Taxes 7,625 $ 7,865 12,110
Loans Transferred to Foreclosed Assets 1,258   $ 689
Investment Securities Purchased but Not Settled $ 14,673