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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 14,529 $ 11,050
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 1,274 1,303
Provision for loan losses 1,890 2,033
Amortization (accretion), net 984 1,166
Writedowns (gains on the sale) of other real estate owned, net (909) 434
Stock compensation expense 217 194
Changes in:    
Interest receivable (66) (198)
Other assets 1,002 (24)
Interest payable 104 (6)
Other liabilities (19) (1,045)
Net cash from operating activities 19,006 14,907
Cash flows from investing activities    
Net change on time deposits with other banks 496 (250)
Purchases of securities available for sale (92,644) (49,210)
Proceeds from maturities and calls of securities available for sale 48,355 50,787
Redemption of FHLB stock 12 15
Net change in loans 11,156 (30,865)
Purchases of premises and equipment, net (2,643) (654)
Proceeds from sales of other real estate acquired through foreclosure 7,562 1,827
Net cash from (used in) investing activities (27,706) (28,350)
Cash flows from financing activities    
Net change in deposits 46,930 (10,020)
Net change in agreements to repurchase securities 1,418 1,296
Repayment of other borrowed funds (1,650) (2,859)
Proceeds from stock option exercises 168 248
Cash in lieu of fractional shares (13) 0
Common stock dividends paid (5,611) (4,796)
Net cash from (used in) financing activities 41,242 (16,131)
Net change in cash and cash equivalents 32,542 (29,574)
Cash and cash equivalents at beginning of period 82,663 104,718
Cash and cash equivalents at end of period 115,205 75,144
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 3,886 3,333
Cash paid during period for income taxes 2,807 6,395
Loans transferred to real estate acquired through foreclosure 1,066 983
Premises transferred to other real estate owned $ 0 $ 71