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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net income $ 6,636 $ 7,029
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 650 600
Net amortization of purchase premiums and discounts on securities 137 172
Depreciation and amortization 797 504
Deferred income tax (benefit) expense (82) 10
Net security gains (16) (175)
Gain on repurchase of subordinated debentures 0 (2,264)
Stock compensation expense 390 271
Loss (gain) on sale of OREO 253 (44)
Valuation writedowns on OREO 50 0
Gain on sale of mortgage loans held for sale, net (841) (783)
Gain on sale of SBA loans held for sale, net (963) (945)
Origination of mortgage loans held for sale (42,348) (51,052)
Origination of SBA loans held for sale (9,867) (11,174)
Proceeds from sale of mortgage loans held for sale, net 43,189 51,835
Proceeds from sale of SBA loans held for sale, net 12,304 11,563
BOLI income (178) (187)
Net change in other assets and liabilities 604 1,226
Net cash provided by operating activities 10,715 6,586
INVESTING ACTIVITIES    
Purchases of securities held to maturity 0 (11,109)
Purchases of securities available for sale (25,720) (4,249)
Purchases of FHLB stock, at cost (2,009) (3,012)
Maturities and principal payments on securities held to maturity 711 823
Maturities and principal payments on securities available for sale 8,840 5,547
Proceeds from sales of securities available for sale 2,777 6,594
Proceeds from redemption of FHLB stock 945 2,520
Proceeds from sale of OREO 546 1,518
Net increase in loans (75,776) (27,585)
Purchases of premises and equipment (451) (6,001)
Net cash used in investing activities (90,137) (34,954)
FINANCING ACTIVITIES    
Net increase in deposits 58,244 17,705
Proceeds from new borrowings 77,000 59,000
Repayments of borrowings (56,000) (37,000)
Repurchase of subordinated debentures 0 (2,891)
Proceeds from exercise of stock options 271 105
Dividends on common stock (1,173) (631)
Net cash provided by financing activities 78,342 36,288
(Decrease) increase in cash and cash equivalents (1,080) 7,920
Cash and cash equivalents, beginning of period 105,895 88,157
Cash and cash equivalents, end of period 104,815 96,077
SUPPLEMENTAL DISCLOSURES    
Interest paid 4,551 4,427
Income taxes paid 3,277 3,112
Noncash investing activities:    
Transfer of SBA loans held for sale to held to maturity 13 0
Capitalization of servicing rights 146 835
Transfer of loans to OREO $ 396 $ 1,473