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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 $ 20,906 $ 22,579 $ 15,249
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) loan losses 456 (103) 1,016
Depreciation 2,064 1,775 1,877
Net accretion of acquisition accounting adjustments (3,387) (1,288) (2,114)
Core deposit intangible amortization 1,398 265 528
Net amortization of securities 1,100 1,617 1,831
Net gain on sale or call of securities available for sale (274) (81) (812)
Net change in fair value of equity securities (333) (42) 0
Gain on sale of loans held for sale (2,439) (1,862) (1,765)
Proceeds from sales of loans held for sale 103,760 80,600 92,733
Originations of loans held for sale (102,708) (77,739) (86,611)
Net (gain) loss on other real estate owned (120) 14 22
Valuation allowance on other real estate owned 68 30 143
Net (gain) loss on sale of premises and equipment 427 (60) (344)
Equity based compensation expense 1,541 1,196 1,016
Net change in bank owned life insurance (630) (481) (297)
Deferred income tax expense 1,068 556 3,471
Net change in interest receivable 980 (218) (148)
Net change in other assets 10,157 (100) (379)
Net change in interest payable (574) 121 51
Net change in other liabilities (780) 723 284
Net cash provided by operating activities 32,680 27,502 25,751
Cash Flows from Investing Activities:      
Proceeds from sales of equity securities 445 431 0
Proceeds from sales of securities available for sale 29,878 57,607 55,903
Proceeds from maturities, calls and paydowns of securities available for sale 123,915 30,607 52,397
Purchases of securities available for sale (155,746) (106,575) (84,931)
Net change in restricted stock (795)    
Net change in restricted stock   863 114
Net increase in loans (26,257) (21,256) (170,515)
Proceeds from sale of premises and equipment 0 234 653
Purchases of premises and equipment (3,555) (2,723) (2,648)
Proceeds from sales of other real estate owned 1,289 911 1,171
Cash paid in bank acquisition (27) 0 0
Cash acquired in bank acquisition 26,283 0 0
Net cash used in investing activities (4,570) (39,901) (147,856)
Cash Flows from Financing Activities:      
Net change in demand, money market, and savings deposits 41,968 53,202 159,283
Net change in time deposits (30,899) (21,701) 4,803
Net change in customer repurchase agreements 5,232 24,517 (28,440)
Net change in other short-term borrowings (14,883) (24,000)  
Net change in other short-term borrowings     4,000
Net change in long-term borrowings (778) 0 (10,000)
Common stock dividends paid (10,965) (8,702) (8,384)
Repurchase of common stock (3,146) 0 0
Proceeds from exercise of stock options 688 861 113
Net cash (used in) provided by financing activities (12,783) 24,177 121,375
Net Increase (Decrease) in Cash and Cash Equivalents 15,327 11,778 (730)
Cash and Cash Equivalents at Beginning of Period 64,255 52,477 53,207
Cash and Cash Equivalents at End of Period $ 79,582 $ 64,255 $ 52,477