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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES:    
Net income $ 10,627,000 $ 6,636,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,050,000 650,000
Net amortization of purchase premiums and discounts on securities 108,000 137,000
Depreciation and amortization 895,000 797,000
Deferred income tax benefit (543,000) (82,000)
Net security gains 0  
Net security gains 9,000 (16,000)
Stock compensation expense 528,000 390,000
(Gain) loss on sale of OREO (13,000) 253,000
Valuation writedowns on OREO 0 50,000
Gain on sale of mortgage loans held for sale, net (682,000) (841,000)
Gain on sale of SBA loans held for sale, net (1,130,000) (963,000)
Origination of mortgage loans held for sale (26,501,000) (42,348,000)
Origination of SBA loans held for sale (4,424,000) (9,867,000)
Proceeds from sale of mortgage loans held for sale, net 27,183,000 43,189,000
Proceeds from sale of SBA loans held for sale, net 13,516,000 12,304,000
BOLI income (346,000) (178,000)
Net change in other assets and liabilities 1,123,000 604,000
Net cash provided by operating activities 21,391,000 10,715,000
INVESTING ACTIVITIES    
Purchases of securities available for sale 0 (25,720,000)
Purchases of FHLB stock, at cost (32,155,000) (2,009,000)
Maturities and principal payments on securities held to maturity 514,000 711,000
Maturities and principal payments on securities available for sale 2,538,000 8,840,000
Proceeds from sales of securities held to maturity 0 2,777,000
Proceeds from redemption of FHLB stock 33,773,000 945,000
Proceeds from sale of OREO 439,000 546,000
Net increase in loans (84,020,000) (75,776,000)
Purchases of premises and equipment (773,000) (451,000)
Net cash used in investing activities (79,684,000) (90,137,000)
FINANCING ACTIVITIES    
Net increase in deposits 103,262,000 58,244,000
Proceeds from new borrowings 190,000,000 77,000,000
Repayments of borrowings (245,000,000) (56,000,000)
Proceeds from exercise of stock options 391,958 270,792
Dividends on common stock (1,340,000) (1,173,000)
Net cash provided by financing activities 47,314,000 78,342,000
Decrease in cash and cash equivalents (10,979,000) (1,080,000)
Cash and cash equivalents, beginning of period 150,254,000 105,895,000
Cash and cash equivalents, end of period 139,275,000 104,815,000
SUPPLEMENTAL DISCLOSURES    
Interest paid 5,920,000 4,551,000
Income taxes paid 2,111,000 3,277,000
Noncash investing activities:    
Transfer of SBA loans held for sale to held to maturity 0 13,000
Capitalization of servicing rights 426,000 146,000
Transfer of loans to OREO $ 106,000 $ 396,000