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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 7,092 $ 7,443
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 601 527
Provision for loan losses 250 500
Share-based compensation expense 132 94
Deferred income tax benefit (313) (155)
Loans originated for sale (3,946) (4,122)
Proceeds from sale of loans 3,980 3,984
Gain (Loss) on Sales of Loans, Net (67) (83)
Realized securities losses (gains), net 3 (732)
Gain on disposal of assets (2) (72)
Write-downs of foreclosed properties 249 257
Amortization of securities premiums, net 655 990
Amortization (accretion) related to acquisitions, net (76) (204)
Amortization of intangibles 476 436
Earnings on cash surrender value of bank owned life insurance (328) (309)
Decrease (increase) in accrued interest receivable 311 (17)
Decrease in other assets 69 117
Increase in other liabilities 2,140 2,043
Net cash provided by operating activities 11,226 10,697
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 1,100 55
Proceeds from Sale of Debt Securities, Available-for-sale 79,776 39,267
Principal payments received on securities available for sale 4,684 6,690
Payments to Acquire Debt Securities, Available-for-sale 31,839 18,825
Purchases of other investments (1,348) (2,765)
Proceeds from redemptions of other investments 5,330 4,378
Net loan originations (5,295) (38,854)
Purchases of premises and equipment (708) (1,872)
Proceeds from Sale of Property, Plant, and Equipment 3 9
Improvements to property held for sale (1) (101)
Proceeds from sales of repossessed assets & property held for sale 451 644
Cash Acquired from Acquisition 20,589 0
Net cash provided by (used in) investing activities 72,742 (11,374)
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 25,880 27,160
Net increase in time deposits 16,032 26,824
Net decrease in short-term borrowings (122,791) (56,987)
Repayment of long-term borrowings (4) (4)
Proceeds from issuance of common stock, net of issuance costs (20) 63
Payments for Repurchase of Common Stock 2,876 0
Proceeds from Stock Options Exercised 0 4
Dividends paid on common stock (1,775) (1,607)
Net cash used in financing activities (85,554) (4,547)
Decrease in cash and cash equivalents (1,586) (5,224)
Cash and cash equivalents:    
Beginning 59,540 [1] 52,631
Ending 57,954 47,407
Cash payments for:    
Interest 7,134 5,574
Income taxes 0 0
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans $ 3,691 641
Noncash or Part Noncash Acquisition, Other Assets Acquired   0
Noncash or Part Noncash Acquisition, Other Liabilities Assumed   $ 0
[1] Derived from audited consolidated financial statements