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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities    
Net income $ 15,540 $ 4,535
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan fees (1,330) (1,283)
Net amortization of premiums and Discounts 412 458
Provision for loan losses (350) (280)
Provision for depreciation 1,164 1,137
Provision for foreclosed real estate 218 58
Gain on sale of loans (3,654) (2,927)
Gain on sale of foreclosed real estate (42) (49)
Proceeds from loans sold to others 153,644 160,236
Loans originated for sale (147,094) (163,347)
Stock-based compensation expense 184 120
Deferred income tax benefit (10,081) 0
Decrease in accrued interest receivable and other assets 1,854 1,452
(Decrease) increase in accrued interest payable and other liabilities (2,844) 1,043
Net cash provided by operating activities 7,621 1,153
Cash Flows from Investing Activities    
Purchase of investment securities held to maturity (3,562) (27,830)
Proceeds from maturing investment securities held to Maturity 10,000 7,000
Principal collected on mortgage-backed securities held to Maturity 6,526 3,855
Net (increase) decrease in loans (11,548) 43,555
Proceeds from sale of foreclosed real estate 2,170 2,428
Investment in premises and equipment (903) (268)
Redemption of FHLB stock 693 310
Net cash provided by investing activities 3,376 29,050
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 48,175 (20,043)
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 74 96
Net cash provided by (used in) financing activities 12,526 (19,947)
Increase in cash and cash equivalents 23,523 10,256
Cash and cash equivalents at beginning of year 43,591 33,335
Cash and cash equivalents at end of year 67,114 43,591
Cash (received) paid during year for:    
Interest 11,160 7,991
Income taxes (1,457) (273)
Transfer of net loans to foreclosed real estate 1,575 2,234
Series A Preferred Stock [Member]    
Cash Flows from Financing Activities    
Preferred stock dividends (210) 0
Series B Preferred Stock [Member]    
Cash Flows from Financing Activities    
Preferred stock dividends (7,630) 0
Stock redemption of Series B preferred stock $ (23,393) $ 0