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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 2,817 $ 2,434
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation/amortization 574 557
Net amortization of premiums on securities 220 251
Amortization of deferred loan origination fees and costs (236) (197)
Provision for loan losses 800 1,000
Provision for losses on foreclosed real estate 0 59
Increase in bank owned life insurance (174) (171)
Originations of loans held for sale (8,805) (7,885)
Proceeds from sales of loans held for sale 7,985 7,100
Gain on sales of loans held for sale (115) (151)
Net gain on disposal of premises and equipment 2 0
Gain on sales of securities, available-for-sale (194) (371)
Net loss on sales of foreclosed real estate 1 9
Stock-based compensation 123 71
Decrease (increase) in interest receivable 72 (27)
Decrease in other assets 228 510
Increase in interest payable 42 10
Increase (decrease) in other liabilities 1,044 (168)
Net cash provided by operating activities 4,384 3,031
Cash flows from investing activities    
Purchases of securities, available-for-sale (12,156) (19,082)
Maturities, repayments and calls of securities, available-for-sale 14,096 8,148
Sales of securities, available-for-sale 12,903 7,170
Purchase of restricted investment in bank stock (343) 0
Net proceeds from acquisition 0 21,091
Proceeds from acquired receivables of sold investment settlements 0 15,256
Net increase in loans made to customers (27,114) (24,004)
Purchases of premises and equipment (762) (1,004)
Investment in bank owned life insurance (1,987) 0
Proceeds from sale of premises and equipment 0 18
Proceeds from sales of foreclosed real estate 133 95
Net cash (used in) provided by investing activities (15,230) 7,688
Cash flows from financing activities    
Net increase in demand and savings deposits 24,905 16,571
Net increase (decrease) in time deposits 1,779 (17,958)
Net decrease in short-term borrowings (47,924) (13,023)
Repayment of long-term debt 0 (23)
Cash dividends paid to preferred shareholder (46) (30)
Cash dividends paid to common shareholders (1,035) (729)
Redemption of preferred stock (12,000) 0
Issuance of common stock 119 201
Net cash used in financing activities (34,202) (14,991)
Net decrease in cash and cash equivalents (45,048) (4,272)
Cash and cash equivalents at beginning of year 57,485 31,094
Cash and cash equivalents at end of period $ 12,437 $ 26,822