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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net Income $ 3,946 $ 3,208
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 691 386
Amortization of intangible assets 71 80
Provision for loan losses 360 160
Accretion and amortization of investment security discounts and premiums 157 195
Net securities (gains) losses, available for sale (13) 9
Originations of loans held for sale (8,998) (8,762)
Proceeds of loans held for sale 10,456 9,465
Gain on sale of loans (316) (255)
Net equity securities (gains) losses (43) 34
Net securities gains, trading (10) (3)
Proceeds from the sale of trading securities 77 233
Purchases of trading securities (73) (222)
Earnings on bank-owned life insurance (168) (173)
Decrease (increase) in deferred tax asset 499 (170)
Other, net (338) (561)
Net cash provided by operating activities 6,298 3,624
INVESTING ACTIVITIES:    
Proceeds from sales of available for sale securities 6,986 3,363
Proceeds from calls and maturities of available for sale securities 817 660
Purchases of available for sale securities (12,962) (12,935)
Net increase in loans (169) (35,900)
Acquisition of premises and equipment (615) (323)
Proceeds from the sale of foreclosed assets 117 16
Purchase of bank-owned life insurance (26) (27)
Security trades payable 0 (3,689)
Proceeds from redemption of regulatory stock 6,898 5,335
Purchases of regulatory stock (3,761) (5,486)
Net cash used for investing activities (2,715) (48,986)
FINANCING ACTIVITIES:    
Net increase in interest-bearing deposits 88,315 45,189
Net increase in noninterest-bearing deposits 843 945
Proceeds from long-term borrowings 15,000 55,000
Repayment of long-term borrowings (15,317) (2,000)
Net decrease in short-term borrowings (83,366) (41,443)
Finance lease principal payments (20)  
Dividends paid (2,205) (2,204)
Issuance of common stock 21 23
Net cash provided by financing activities 3,271 55,510
NET INCREASE IN CASH AND CASH EQUIVALENTS 6,854 10,148
CASH AND CASH EQUIVALENTS, BEGINNING 66,742 27,243
CASH AND CASH EQUIVALENTS, ENDING 73,596 37,391
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 3,628 1,757
Income taxes paid 0 500
Non-cash investing and financing activities:    
Right-of-use lease assets obtained in exchange for lessee finance lease liabilities 6,026  
Right-of-use lease assets obtained in exchange for lessee operating lease liabilities 4,298  
Transfer of loans to foreclosed real estate 51 96
Transfer due to adoption of ASU 2016-01, equity securities fair value adjust, reclassification from AOCI to Retained Earnings, net of tax $ 0 $ 537