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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 3,664 $ 2,979
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 445 472
Provision for loan losses 366 312
Amortization (accretion), net 388 577
Writedowns (gains) on other real estate owned, net 19 (11)
Stock compensation expense 20 120
Gain on the disposition of securities available for sale 0 (4)
Changes in:    
Interest receivable 24 45
Other assets 849 859
Interest payable (12) (37)
Other liabilities 4 (1,567)
Net cash from operating activities 5,767 3,745
Cash flows from investing activities    
Net change on time deposits with other banks (250) 0
Purchases of securities available for sale (31,087) 0
Proceeds from maturities and calls of securities available for sale 15,573 18,389
Redemption of FRB stock 0 143
Acquisition of subsidiaries, net of cash received 0 16,385
Net change in loans (14,936) (4,132)
Purchases of premises and equipment, net (76) (54)
Improvements to OREO property 0 (30)
Proceeds from sales of other real estate acquired through foreclosure 544 71
Net cash from (used in) investing activities (30,232) 30,772
Cash flows from financing activities    
Net change in deposits 18,917 18,823
Net change in agreements to repurchase securities (956) 671
Repayment of FHLB advances 0 (53)
Repayment of other borrowed funds (608) (608)
Proceeds from stock option exercises 101 81
Common stock dividends paid (1,597) (1,439)
Net cash from financing activities 15,857 17,475
Net change in cash and cash equivalents (8,608) 51,992
Cash and cash equivalents at beginning of period 104,718 72,539
Cash and cash equivalents at end of period 96,110 124,531
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 1,125 1,196
Cash paid during period for income taxes 0 205
Loans transferred to real estate acquired through foreclosure $ 353 $ 416