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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net income $ 4,205 $ 1,939
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 200 200
Net amortization of purchase premiums and discounts on securities 92 140
Depreciation and amortization 247 166
Deferred income tax expense 142 92
Net security gains (94)  
Gain on repurchase of subordinated debentures (2,264)  
Stock compensation expense 132 107
Gain on sale of OREO (88)  
Gain on sale of mortgage loans held for sale, net (294) (344)
Gain on sale of SBA loans held for sale, net (308) (363)
Origination of mortgage loans held for sale (25,015) (15,034)
Origination of SBA loans held for sale (3,734) (5,321)
Proceeds from sale of mortgage loans held for sale, net 25,309 15,378
Proceeds from sale of SBA loans held for sale, net 3,759 3,829
BOLI income (94) (94)
Net change in other assets and liabilities 1,710 (134)
Net cash provided by operating activities 3,905 561
INVESTING ACTIVITIES:    
Purchases of securities available for sale (2,142)  
Purchases of FHLB stock, at cost (1,395) (3,600)
Maturities and principal payments on securities held to maturity 296 555
Maturities and principal payments on securities available for sale 3,949 2,141
Proceeds from sale of securities available for sale 2,564  
Proceeds from redemption of FHLB stock 1,260 2,250
Proceeds from sale of OREO 1,224 578
Net decrease (increase) in loans 1,078 (22,831)
Purchases of premises and equipment (4,543) (492)
Net cash provided by (used in) investing activities 2,291 (21,399)
FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 32,326 (4,900)
Proceeds from new borrowings 20,000 80,000
Repayments of borrowings (17,000) (50,000)
Repurchase of subordinated debentures (2,891)  
Dividends on common stock (315) (238)
Net cash provided by financing activities 32,120 24,862
Increase in cash and cash equivalents 38,316 4,024
Cash and cash equivalents, beginning of period 88,157 129,821
Cash and cash equivalents, end of period 126,473 133,845
SUPPLEMENTAL DISCLOSURES:    
Cash: Interest paid 2,259 1,859
Cash: Income taxes paid 1,337 868
Noncash investing activities:    
Capitalization of servicing rights 529 80
Transfer of loans to OREO $ 852 $ 1,391