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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 4,083 $ 3,419
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation/amortization 591 562
Net amortization of premiums on securities 120 200
Amortization of deferred loan origination fees and costs (439) (366)
Provision for loan losses 200 650
Recovery of foreclosed real estate 0 (47)
Increase in bank owned life insurance (241) (272)
Originations of mortgage loans held for sale (7,683) (8,645)
Originations of SBA loans held for sale (4,403) (623)
Proceeds from sales of mortgage loans held for sale 8,561 8,317
Proceeds from sales of SBA loans held for sale 3,957 1,037
Gain on sales of loans held for sale (443) (289)
Gain on disposal of premises and equipment (18) (7)
Net gain on sales of foreclosed real estate 0 (11)
Stock-based compensation 230 133
Decrease in interest receivable 349 477
Increase in other assets (58) (317)
(Decrease) increase in interest payable (50) 14
Increase in other liabilities 2,062 1,966
Net cash provided by operating activities 6,818 6,198
Cash flows from investing activities    
Purchases of securities, available-for-sale (1,519) (4,875)
Maturities, repayments and calls of securities, available-for-sale 5,941 8,702
Net decrease (increase) in restricted investment in bank stock 208 (400)
Net increase in loans made to customers (23,577) (46,288)
Purchases of premises and equipment (502) (514)
Investment in bank owned life insurance 0 (4,000)
Proceeds from sales of foreclosed real estate 97 1,786
Net cash used in investing activities (19,352) (45,589)
Cash flows from financing activities    
Net increase in demand and savings deposits 19,781 41,873
Net decrease in time deposits (1,735) (4,842)
Net increase (decrease) in short-term borrowings 4,220 (3,033)
Proceeds from issuance of long-term debt 0 20,000
Repayment of long-term debt (10,000) 0
Cash dividends paid to shareholders (1,381) (1,138)
Issuance of stock 318 118
Net cash provided by financing activities 11,203 52,978
Net (decrease) increase in cash and cash equivalents (1,331) 13,587
Cash and cash equivalents at beginning of year 79,524 74,032
Cash and cash equivalents at end of period $ 78,193 $ 87,619