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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 9,260 $ 8,365
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation/amortization 1,762 1,693
Net amortization of premiums on securities 685 784
Amortization of deferred loan origination fees and costs (771) (630)
Provision for loan losses 2,400 2,300
(Reversal of) provision for losses on foreclosed real estate (31) 57
Increase in bank owned life insurance (631) (523)
Originations of loans held for sale (31,369) (23,508)
Proceeds from sales of loans held for sale 29,010 23,853
Gain on sales of loans held for sale (612) (489)
(Gain) loss on disposal of premises and equipment (2) 60
Gain on sales of securities, available-for-sale (194) (492)
(Gain) loss on sales of foreclosed real estate (19) 19
Stock-based compensation 391 229
Decrease in interest receivable 389 0
Increase in other assets 888 249
Increase in interest payable 0 9
Increase (decrease) in other liabilities 1,018 (1,311)
Net cash provided by operating activities 12,174 10,665
Cash flows from investing activities    
Purchases of securities, available-for-sale (37,901) (40,613)
Maturities, repayments and calls of securities, available-for-sale 39,337 35,390
Sales of securities, available-for-sale 12,903 9,615
Net decrease (increase) in restricted investment in bank stock 502 (1,229)
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 (84,989) (58,824)
Purchases of premises and equipment (1,770) (3,544)
Investment in bank owned life insurance (6,994) (7)
Proceeds from sale of fixed assets 0 51
Proceeds from sales of foreclosed real estate 540 238
Net cash used in investing activities (78,372) (22,576)
Cash flows from financing activities    
Net increase in demand and savings deposits 102,379 74,993
Net increase (decrease) in time deposits 25,567 (55,868)
Net (decrease) increase in short-term borrowings (43,449) 5,145
Proceeds from issuance of long-term debt 0 35,000
Repayment of long-term debt (15,000) (5,071)
Cash dividends paid to preferred shareholder (46) (90)
Cash dividends paid to common shareholders (3,106) (2,225)
Redemption of preferred stock (12,000) 0
Issuance of common stock 503 966
Net cash provided by financing activities 54,848 52,850
Net (decrease) increase in cash and cash equivalents (11,350) 40,939
Cash and cash equivalents at beginning of year 57,485 31,094
Cash and cash equivalents at end of period $ 46,135 $ 72,033