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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net Income $ 14,437 $ 3,457
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan fees (889) (1,013)
Net amortization of premiums and discounts 318 299
Provision for loan losses 150 200
Provision for depreciation 863 851
Provision for losses on foreclosed real estate 196 0
Gain on sale of loans (1,893) (2,278)
Gain on sale of foreclosed real estate (46) (79)
Proceeds from loans sold to others 106,668 125,385
Loans originated for sale (104,533) (128,925)
Stock-based compensation expense 143 92
Deferred income tax benefit (10,916) 0
Decrease in accrued interest receivable and other assets 340 1,132
(Decrease) increase in accrued interest payable and other liabilities (2,938) 1,172
Net cash provided by operating activities 1,900 294
Cash Flows from Investing Activities    
Purchase of investment securities held to maturity (3,562) (24,199)
Proceeds from maturing investment securities held to maturity 7,000 4,000
Principal collected on mortgage-backed securities held to maturity 4,700 2,565
Net (increase) decrease in loans (14,448) 44,416
Proceeds from sale of foreclosed real estate 1,621 2,014
Investment in premises and equipment (740) (242)
Redemption of FHLB stock 396 310
Net cash (used in) provided by investing activities (5,033) 28,864
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 32,839 (7,168)
Net increase in short-term borrowings 7,000 0
Additional borrowed funds, long term 3,500 0
Repayment of borrowed funds, long term (18,500) 0
Net proceeds from common stock issuance 10,510 0
Proceeds from exercise of options 0 96
Net cash provided by (used in) financing activities 4,035 (7,072)
Increase in cash and cash equivalents 902 22,086
Cash and cash equivalents at beginning of year 43,591 33,335
Cash and cash equivalents at end of period 44,493 55,421
Cash paid (received) during period for:    
Interest 9,104 6,003
Income taxes (852) (298)
Transfer of loans to foreclosed real estate 1,370 1,907
Series A Preferred Stock [Member]    
Cash Flows from Financing Activities    
Preferred stock dividends (140) 0
Series B Preferred Stock [Member]    
Cash Flows from Financing Activities    
Preferred stock dividends (7,781) 0
Stock redemption of Series B preferred stock $ (23,393) $ 0