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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net income $ 5,740,000 $ 5,229,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 500,000 500,000
Net amortization of purchase premiums and discounts on securities 37,000 53,000
Depreciation and amortization 121,000 379,000
Deferred income tax expense 82,000 36,000
Stock compensation expense 283,000 265,000
Gain on sale of mortgage loans held for sale, net (258,000) (356,000)
Gain on sale of SBA loans held for sale, net (316,000) (547,000)
Origination of mortgage loans held for sale (19,431,000) (20,132,000)
Origination of SBA loans held for sale (2,412,000) (3,507,000)
Proceeds from sale of mortgage loans held for sale, net 19,689,000 20,488,000
Proceeds from sale of SBA loans held for sale, net 6,511,000 6,322,000
BOLI income (151,000) (171,000)
Net change in other assets and liabilities 819,000 (952,000)
Net cash provided by operating activities 11,214,000 7,607,000
INVESTING ACTIVITIES    
Purchases of FHLB stock, at cost (20,295,000) (13,838,000)
Maturities and principal payments on securities held to maturity 89,000 132,000
Maturities and principal payments on debt securities available for sale 959,000 1,272,000
Proceeds from redemption of FHLB stock 20,970,000 17,393,000
Proceeds from sale of OREO 0 426,000
Net increase in loans (12,541,000) (26,674,000)
Purchases of premises and equipment (109,000) (309,000)
Net cash used in investing activities (10,927,000) (21,598,000)
FINANCING ACTIVITIES    
Net increase in deposits 18,899,000 74,377,000
Proceeds from new borrowings 175,000,000 121,000,000
Repayments of borrowings (190,000,000) (215,000,000)
Cash received from options exercised 165,943 290,357
Dividends on common stock (730,000) (643,000)
Net cash provided by (used in) financing activities 3,335,000 (19,976,000)
Increase (Decrease) in cash and cash equivalents 3,622,000 (33,967,000)
Cash and cash equivalents, beginning of period 145,515,000 150,254,000
Cash and cash equivalents, end of period 149,137,000 116,287,000
SUPPLEMENTAL DISCLOSURES    
Interest paid 4,271,000 2,794,000
Income taxes paid 52,000 1,461,000
Noncash investing activities:    
Establishment of lease liability and right-of-use asset 2,765,000 0
Capitalization of servicing rights 211,000 241,000
Transfer of loans to OREO $ 328,000 $ 106,000