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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 1,061 $ 1,292
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for loan losses 0 300
Write down of other real estate owned 298 552
Depreciation and amortization 1,455 1,069
Stock based compensation 279 198
Gain on sale and call of investment securities (9) (458)
Impairment charges on investment securities 3 7
Amortization of premiums on investment securities 313 293
Proceeds from sales of SBA loans originated for sale 18,383 23,370
SBA loans originated for sale (18,371) (16,730)
Gains on sales of SBA loans originated for sale (1,800) (2,200)
Increase in accrued interest receivable and other assets (1,581) (1,295)
Decrease in accrued interest payable and other liabilities (375) (205)
Net cash (used in) provided by operating activities (344) 6,193
Cash flows from investing activities    
Purchase of investment securities available for sale (9,678) (31,364)
Purchase of investment securities held to maturity (56,741)  
Proceeds from the sale of securities available for sale 4,081 5,700
Proceeds from the maturity or call of securities available for sale 13,459 14,293
Proceeds from the maturity or call of securities held to maturity 5,226 0
Net purchase of restricted stock (22) (155)
Net increase in loans (54,286) (40,251)
Net proceeds from sale of other real estate owned 468 63
Premises and equipment expenditures (7,386) (7,362)
Net cash used in investing activities (104,879) (59,076)
Cash flows from financing activities    
Net proceeds from stock offering   44,973
Net increase in demand, money market and savings deposits 60,904 53,177
Net (decrease) increase in time deposits (3,337) 1,973
Net cash provided by financing activities 57,567 100,123
Net (decrease) increase in cash and cash equivalents (47,656) 47,240
Cash and cash equivalents, beginning of year 128,826 35,880
Cash and cash equivalents, end of period 81,170 83,120
Supplemental disclosures:    
Interest paid 2,614 2,148
Income taxes paid 0 70
Non-cash transfers from loans to other real estate owned $ 10,213 $ 193