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Consolidated Statements of Cash Flows - (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 3,841 $ 3,799
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums and discounts on investment securities 82 151
Provision for loan losses 847 489
Benefit for deferred taxes (213) (43)
Net gain on sales of available for sale securities    (648)
Depreciation and amortization 835 440
Increase in cash surrender value of bank-owned life insurance (305)   
Loans originated for sale (22,465) (59,580)
Proceeds from sales of loans 23,572 61,316
Net gain on sales of loans (1,008) (1,737)
Equity-based compensation 164 205
Net accretion of purchase accounting adjustments (352)   
Gain on sale of foreclosed real estate    (49)
Net change in:    
Deferred loan fees 583 297
Accrued interest receivable (311) (55)
Other assets (3,524) (71)
Accrued expenses and other liabilities 167 (1,390)
Net cash provided by operating activities 1,913 3,124
Cash flows from investing activities    
Proceeds from principal repayments on available for sale securities 3,307 638
Proceeds from principal repayments on held to maturity securities 2,308 145
Net proceeds from sales and calls of available for sale securities 1,620 10,194
Purchases of held to maturity securities    (7,700)
Purchase of available for sale securities (43,763)   
Purchase of bank-owned life insurance (12,500)   
Net increase in loans (109,323) (54,334)
Purchases of premises and equipment (1,562) (450)
Purchase of Federal Home Loan Bank stock    (134)
Proceeds from sale of foreclosed real estate    1,011
Net cash used by investing activities (159,913) (50,630)
Cash flows from financing activities    
Net change in time certificates of deposit 38,569 68,400
Net change in other deposits (4,845) 13,643
Net proceeds (repayments) from short term FHLB advances 40,000 (13,000)
Net proceeds (repayments) from long term FHLB advances (7,000) (13,000)
Proceeds from issuance of common stock 44,704 13,178
Proceeds from exercise of options 207 471
Dividends paid on preferred stock (82) (84)
Net cash provided by financing activities 111,553 69,608
Net increase (decrease) in cash and cash equivalents (46,447) 22,102
Cash and cash equivalents:    
Beginning of year 82,013 28,927
End of period 35,566 51,029
Cash paid for:    
Interest 2,742 1,872
Income taxes $ 450 $ 2,042