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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating activities    
Net Income $ 12,991 $ 5,597
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,054 2,513
Depreciation 1,768 1,938
Stock compensation 191 134
(Gain)/loss on sales of other real estate owned (753) 944
Write-downs of other real estate owned 1,997 920
Gain on loan sales (57) (52)
Loss on disposal of fixed assets 3 58
Net (gain)/loss on sales of investment securities - available-for-sale (962) 41
Gain on sales of investment securities - held for trading 0 (1,100)
Amortization of deferred loan fees (554) (525)
Decrease (increase) in accrued interest receivable and other assets 4,223 6,993
Deferred tax expense 3,855 636
Decrease in accrued interest payable and other liabilities (1,143) (13,066)
Earnings on bank owned life insurance (1,146) (1,392)
Net cash provided by operating activities 22,199 3,887
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 42,020 125,720
Proceeds from maturities/calls of investment securities held-to-maturity 7,525 4,927
Proceeds from sales of investment securities available-for-sale 60,598 56,838
Proceeds from sales of investment securities held for trading 0 1,100
Purchases of investment securities available-for-sale (47,640) (153,924)
Purchases of investment securities held-to-maturity (3,709) (6,575)
Proceeds from sales of other real estate owned 6,190 6,291
Proceeds from loan sales 6,433 5,946
Proceeds from disposal of fixed assets 31 0
Purchase of BOLI policy (5,500) 0
Proceeds from BOLI death benefit 0 844
Net decrease in FHLB stock 1,620 389
Net increase in loans (47,436) (43,218)
Purchases of premises and equipment (1,371) (720)
Net cash provided by/(used in) investing activities 18,761 (2,382)
Financing activities    
Net increase in deposits 17,471 3,920
Preferred stock dividends paid (2,700) (9,096)
Common Stock grants 1 0
Net decrease in short-term borrowings (3,973) (3,875)
Payments on long-term borrowings (35,069) (66)
Net cash used in financing activities (24,270) (9,117)
Increase/(decrease) in cash and cash equivalents 16,690 (7,612)
Cash and cash equivalents at beginning of the year 35,451 43,063
Cash and cash equivalents at end of period 52,141 35,451
Supplemental information    
Interest paid 9,811 17,635
Taxes paid 125 0
Non-cash investing activities:    
Transfers from loans to other real estate owned 1,385 4,056
Transfers from securities available for sale to held-to-maturity 0 103,934
Available-for-sale Securities [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of investment securities discounts and premiums 659 215
Held-to-maturity Securities [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of investment securities discounts and premiums $ 73 $ 33