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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 5,854 $ 4,800
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 538 451
Amortization of deferred loan costs 234 211
Amortization of intangibles 230 268
Amortization of low income housing partnerships 116 117
Provision for loan losses 1,050 1,200
Net loss on investment securities 8  
Net (gain) loss on sale of other real estate owned (11) (1)
Loans originated for sale (2,608) (5,141)
Proceeds from sale of loans originated for sale 2,729 4,734
Net gain on sale of loans originated for sale (15) (37)
Net amortization of investment securities 623 759
Life insurance investment income (187) (189)
Stock based compensation 37 17
Net change in:    
Accrued interest receivable 454 624
Other assets 517 (580)
Accrued interest payable 21 (5)
Other liabilities 295 308
Net cash provided by operating activities 9,885 7,536
Proceeds from repayments of investment securities:    
Available-for-sale 7,919 9,285
Held-to-maturity 242 331
Purchases of investment securities:    
Available-for-sale (9,941) (14,999)
Net purchase of restricted equity securities (1,669) 270
Net increase in lending activities (33,730) (27,349)
Purchases of premises and equipment (492) (2,158)
Proceeds from sale of other real estate owned 83 208
Net cash used in investing activities (37,588) (34,412)
Cash flows from financing activities:    
Net increase in deposits 1,000 26,787
Repayment of long-term debt (469) (519)
Net increase (decrease) in short-term borrowings 18,825 (5,225)
Cash dividends paid (2,366) (2,293)
Net cash provided by (used in) financing activities 16,990 18,750
Net (decrease) increase in cash and cash equivalents (10,713) (8,126)
Cash and cash equivalents at beginning of period 37,488 39,941
Cash and cash equivalents at end of period 26,775 31,815
Cash paid during the period for:    
Interest 2,786 1,961
Income taxes 1,800  
Noncash items:    
Transfers of loans to other real estate $ 495 $ 50