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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,440 $ 1,003
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 785 501
Deferred income taxes (benefit) (490) (177)
Depreciation 446 351
Stock-based compensation 247 99
Forfeited restricted stock 0 (34)
Net (amortization) accretion of investment securities (3) 1
Net amortization of intangible asset 167 41
Loans originated for sale (264,919) (103,644)
Proceeds from sale of loans originated for sale 245,546 79,568
Realized and unrealized gains on mortgage banking activity (3,505) (1,476)
Cash surrender value of BOLI (175) (186)
Increase (decrease) in interest receivable 153 (32)
Increase in interest payable 16 21
(Increase) decrease in other assets (1,599) 158
(Decrease) increase in other liabilities (2,603) 746
Net cash used in operating activities (24,494) (23,060)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available-for-sale (23,490) (6,000)
Proceeds from maturities of investment securities available-for-sale 30,031 18,557
Net increase in loans and leases outstanding (29,973) (29,556)
Purchase of premises and equipment (4,432) (1,028)
Net cash used in investing activities (27,864) (18,027)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in noninterest-bearing deposits 6,201 7,780
Net increase in interest-bearing deposits 15,476 25,745
Net increase (decrease) in short-term borrowings 3,398 (9,040)
Proceeds from issuance of long-term debt 8,500 9,500
Repayment of long-term debt 0 $ (2,000)
Net proceeds from issuance of common stock, net of cost 23,335  
Cash dividends on preferred stock (63) $ (63)
Net cash provided by financing activities 56,847 31,922
Net increase (decrease) in cash and cash equivalents 4,489 (9,165)
Cash and cash equivalents at beginning of period 24,517 35,736
Cash and cash equivalents at end of period 29,006 26,571
SUPPLEMENTAL INFORMATION    
Cash payments for interest 1,329 1,061
Cash payments for income taxes $ 1,190 $ 0