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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities    
Net income (loss) $ 7,443 $ (1,616)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 527 355
Provision for loan losses 500 250
Share-based compensation expense 94 84
Deferred income tax benefit (155) (3,808)
Loans originated for sale (4,122) (2,243)
Proceeds from sale of loans 3,984 2,279
Gain (Loss) on Sales of Loans, Net (83) (32)
Realized securities (gains) losses, net (732) 58
Gain on disposal of assets (72) (156)
Write-downs of foreclosed properties 257 418
Amortization of securities premiums, net 990 959
Amortization (accretion) related to acquisitions, net (204) (145)
Amortization of intangibles 436 97
Earnings on cash surrender value of bank owned life insurance (309) (269)
(Increase) decrease in accrued interest receivable (17) 143
Decrease (increase) in other assets 16 (580)
Increase in other liabilities 2,043 10,947
Net cash provided by operating activities 10,596 6,741
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 55 600
Proceeds from sales of securities available for sale 39,267 3,154
Principal payments received on securities available for sale 6,690 7,686
Purchases of securities available for sale (18,825) (27,641)
Purchases of other investments (2,765) (3,944)
Proceeds from redemptions of other investments 4,378 3,558
Net loan originations (38,854) 14,671
Purchases of premises and equipment (1,872) (2,995)
Proceeds from Sale of Property, Plant, and Equipment 9 0
Proceeds from sales of repossessed assets & property held for sale 644 1,232
Net cash used in investing activities (11,273) (3,679)
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 27,160 20,636
Net increase (decrease) in time deposits 26,824 (14,910)
Net (decrease) increase in short-term borrowings (56,987) 4,407
Repayment of long-term borrowings (4) (455)
Net proceeds from issuance of common stock 63 35
Proceeds from Stock Options Exercised 4 12
Dividends paid on common stock (1,607) (1,182)
Net cash (used in) provided by financing activities (4,547) 8,543
(Decrease) increase in cash and cash equivalents (5,224) 11,605
Cash and cash equivalents:    
Beginning 52,631 [1] 46,616
Ending 47,407 58,221
Cash payments for:    
Interest 5,574 4,047
Income taxes 0 355
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans $ 641 $ 113
[1] Derived from audited consolidated financial statements