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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:    
Net income $ 13,209 $ 9,557
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,220 500
Net amortization of purchase premiums and discounts on securities 346 514
Depreciation and amortization 734 530
Deferred income tax expense 110 367
Net security gains (424) (28)
Gains on repurchase of subordinated debentures (2,264) 0
Stock compensation expense 545 450
(Gain) Loss on sale of OREO (71) 247
Valuation writedowns on OREO 300 0
Gain on sale of mortgage loans held for sale, net (1,610) (1,674)
Gain on sale of SBA loans held for sale, net (2,099) (1,204)
Origination of mortgage loans held for sale (108,120) (94,259)
Origination of SBA loans held for sale (29,916) (22,543)
Proceeds from sale of mortgage loans held for sale, net 109,730 95,933
Proceeds from sale of SBA loans held for sale, net 26,837 15,297
BOLI income (378) (380)
Net change in other assets and liabilities 639 (325)
Net cash provided by operating activities 8,788 2,982
INVESTING ACTIVITIES    
Purchases of securities held to maturity (11,322) (1,264)
Purchases of securities available for sale (9,339) (2,255)
Purchases of FHLB stock, at cost (4,182) (16,568)
Maturities and principal payments on securities held to maturity 2,201 2,717
Maturities and principal payments on securities available for sale 8,927 8,295
Proceeds from sales of securities held to maturity 6,661 0
Proceeds from sales of securities available for sale 12,472 528
Proceeds from redemption of FHLB stock 2,745 18,000
Proceeds from sale of OREO 2,302 4,272
Net increase in loans (82,697) (123,463)
Purchases of premises and equipment (9,595) (951)
Net cash used in investing activities (81,827) (110,689)
FINANCING ACTIVITIES    
Net increase in deposits 51,230 100,152
Proceeds from new borrowings 76,000 47,000
Repayments of borrowings (47,000) (80,000)
Repurchase of subordinated debentures (2,891) 0
Proceeds from exercise of stock options 550 0
Dividends on common stock (1,524) (1,109)
Proceeds from capital offering 14,412 0
Net cash provided by financing activities 90,777 66,043
Increase (decrease) in cash and cash equivalents 17,738 (41,664)
Cash and cash equivalents, beginning of year 88,157 129,821
Cash and cash equivalents, end of year 105,895 88,157
SUPPLEMENTAL DISCLOSURES    
Interest paid 8,798 7,673
Income taxes paid 7,592 4,791
Noncash investing activities:    
Transfer of SBA loans held for sale to held to maturity 0 86
Capitalization of servicing rights 1,472 927
Transfer of loans to OREO $ 1,990 $ 4,948