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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 5,499 $ 2,785
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,801 1,336
Provision for loan losses 400 350
Deferred tax expense, net 1,125 1,481
Gain on sales/calls of securities (38) (149)
Gain on sale of loans sold in the secondary market (873) (959)
Origination of loans held for sale in the secondary market (48,819) (56,941)
Proceeds from sale of loans in the secondary market 49,692 57,900
Loss on sale of premises, equipment, and other real estate held for sale 28 10
Writedown of other real estate held for sale 270 53
Stock compensation 298 450
Change in other assets 3,382 12,462
Change in other liabilities (1,999) (1,174)
Net cash provided by operating activities 10,766 17,604
Cash Flows from Investing Activities:    
Net increase in loans (28,977) (28,118)
Net increase in interest bearing deposits in other financial institutions 673 3,015
Purchase of securities available for sale (5,697) (7,225)
Proceeds from maturities, sales, calls or paydowns of securities available for sale 7,441 16,752
Redemption of FHLBI stock 192  
Capital expenditures (2,195) (1,833)
Purchase additional FHLBI stock (531)  
Net cash used in Eagle acquisition and reimbursement of contract termination fee   (12,500)
Net cash used in Niagara acquisition   (7,325)
Proceeds from sale of premises, equipment, and other real estate 2,012 1,143
Net cash used in investing activities (27,082) (36,091)
Cash Flows from Financing Activities:    
Net increase in deposits 11,691 33,159
Net activity on line of credit 545 (8,550)
Decrease in fed funds purchased (6,000)  
New term debt issuance 25,000 19,800
Principal payments on borrowings (1,727) (274)
Repurchase of common stock   (150)
Dividend on common stock (2,266) (1,891)
Net cash used in financing activities 27,243 42,094
Net increase in cash and cash equivalents 10,927 23,607
Cash and cash equivalents at beginning of period 46,755 25,008
Cash and cash equivalents at end of period 57,682 48,615
Cash paid during the year for:    
Interest 4,651 3,273
Income taxes   100
Noncash Investing and Financing Activities:    
Transfers of Foreclosures from Loans to Other Real Estate Held for Sale $ 2,120 $ 1,091