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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES:    
Net income $ 16,117,000 $ 10,393,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,550,000 1,150,000
Net amortization of purchase premiums and discounts on securities 170,000 216,000
Depreciation and amortization 1,359,000 1,071,000
Deferred income tax benefit (1,337,000) (234,000)
Net security gains 0  
Net security gains 6,000 (69,000)
Stock compensation expense 786,000 571,000
(Gain) loss on sale of OREO (169,000) 253,000
Valuation writedowns on OREO 0 151,000
Gain on sale of mortgage loans held for sale, net (1,155,000) (1,380,000)
Gain on sale of SBA loans held for sale, net (1,383,000) (1,348,000)
Origination of mortgage loans held for sale (65,304,000) (66,184,000)
Origination of SBA loans held for sale (7,718,000) (17,232,000)
Proceeds from sale of mortgage loans held for sale, net 66,459,000 67,564,000
Proceeds from sale of SBA loans held for sale, net 18,597,000 17,035,000
BOLI income (810,000) (289,000)
Net change in other assets and liabilities 1,715,000 1,060,000
Net cash provided by operating activities 28,877,000 12,728,000
INVESTING ACTIVITIES    
Purchases of securities held to maturity 0 (163,000)
Purchases of securities available for sale 0 (25,882,000)
Purchases of FHLB stock, at cost (51,797,000) (6,136,000)
Maturities and principal payments on securities held to maturity 954,000 1,251,000
Maturities and principal payments on securities available for sale 4,026,000 10,850,000
Proceeds from sales of securities held to maturity 0 529,000
Proceeds from sales of securities available for sale 0 2,777,000
Proceeds from redemption of FHLB stock 55,215,000 4,845,000
Proceeds from sale of OREO 439,000 794,000
Net increase in loans (122,540,000) (119,404,000)
Proceeds from BOLI 493,000 0
Purchases of BOLI 0 (10,000,000)
Purchases of premises and equipment (1,134,000) (757,000)
Net cash used in investing activities (114,344,000) (141,296,000)
FINANCING ACTIVITIES    
Net increase in deposits 176,336,000 97,909,000
Proceeds from new borrowings 180,000,000 97,000,000
Repayments of borrowings (275,000,000) (66,000,000)
Proceeds from exercise of stock options 500,114 360,327
Dividends on common stock (2,067,000) (1,766,000)
Net cash provided by financing activities 79,769,000 127,503,000
Decrease in cash and cash equivalents (5,698,000) (1,065,000)
Cash and cash equivalents, beginning of period 150,254,000 105,895,000
Cash and cash equivalents, end of period 144,556,000 104,830,000
SUPPLEMENTAL DISCLOSURES    
Interest paid 9,550,000 6,939,000
Income taxes paid 4,241,000 4,502,000
Noncash investing activities:    
Transfer of SBA loans held for sale to held to maturity 0 13,000
Capitalization of servicing rights 708,000 145,000
Transfer of loans to OREO $ 127,000 $ 872,000