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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 6,470,000 $ 6,167,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 1,700,000 500,000
Write down of other real estate owned 18,000 777,000
Depreciation and amortization 4,107,000 3,588,000
Stock based compensation 1,584,000 1,329,000
Loss on sale of investment securities 1,000 61,000
Amortization of premiums on investment securities 2,271,000 1,788,000
Accretion of discounts on retained SBA loans (1,073,000) (859,000)
Fair value adjustments on SBA servicing assets 1,252,000 711,000
Proceeds from sales of SBA loans originated for sale 36,811,000 28,564,000
SBA loans originated for sale (34,969,000) (22,395,000)
Gains on sales of SBA loans originated for sale (2,654,000) (2,315,000)
Proceeds from sales of mortgage loans originated for sale 355,181,000 263,689,000
Mortgage loans originated for sale (335,734,000) (274,133,000)
Fair value adjustment for mortgage loans originated for sale 474,000 (716,000)
Gains on sales of mortgage loans originated for sale (6,400,000) (6,340,000)
Amortization of intangible assets 61,000
Amortization of debt issuance costs 5,000 22,000
Increase in accrued interest receivable and other assets (1,278,000) (3,720,000)
Decrease in accrued interest payable and other liabilities (1,049,000) (34,000)
Net cash provided by (used in) operating activities 26,717,000 (3,255,000)
Cash flows from investing activities    
Purchase of investment securities available for sale (81,744,000) (53,052,000)
Purchase of investment securities held to maturity (61,083,000) (21,958,000)
Proceeds from the sale of securities available for sale 5,713,000 21,167,000
Proceeds from the maturity or call of securities available for sale 39,409,000 25,665,000
Proceeds from the maturity or call of securities held to maturity 46,156,000 36,629,000
Redemption (purchase) of restricted stock 2,000 (312,000)
Net increase in loans (217,967,000) (131,100,000)
Net proceeds from sale of other real estate owned 495,000 357,000
Premises and equipment expenditures (11,072,000) (18,263,000)
Net cash used in investing activities (280,091,000) (140,867,000)
Cash flows from financing activities    
Net proceeds from exercise of stock options 668,194 615,226
Net increase in demand, money market and savings deposits 324,658,000 197,431,000
Net increase in time deposits 12,405,000 10,304,000
Net cash provided by financing activities 337,731,000 208,350,000
Net increase in cash and cash equivalents 84,357,000 64,228,000
Cash and cash equivalents, beginning of year 61,942,000 34,554,000
Cash and cash equivalents, end of period 146,299,000 98,782,000
Supplemental disclosures    
Interest paid 10,749,000 6,109,000
Income taxes paid 75,000
Non-cash transfers from loans to other real estate owned 315,000 129,000
Conversion of subordinated debt to common stock $ 10,094,000 $ 240,000