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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities:    
Net income $ 5,388 $ 4,363
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 235 1,753
Stock–based compensation expense 387 437
Depreciation and amortization 949 721
Deferred tax provision 487 681
Amortization of discounts on purchased loans - net (1,581) (2,958)
Gain on sale of REO (1,038)  
Provision for REO losses   250
Increase in other assets (793) 50
Increase in accounts payable and other liabilities 3,309 774
Net cash provided by operating activities 7,343 6,071
Cash Flows from Investing Activities:    
Net increase in loans (198,383) (99,699)
Proceeds from sale of REO 4,198  
Purchase of loan secured by REO property (1,285)  
Purchase of securities AFS (78,639) (52,783)
Maturity / sale / payments – securities AFS 5,115 6,075
Sale (purchase) of FHLB stock (3,055) 2,593
Purchases of premises and equipment (152) (1,461)
Net cash used in investing activities (272,201) (145,275)
Cash Flows from Financing Activities:    
Increase in deposits 149,127 111,618
FHLB Advances – net change 74,000 7,000
Proceeds – term note 15,000 7,500
Principal payments – term note (1,381) (250)
Proceeds from sale of stock, net   581
Net cash provided by financing activities 236,746 126,449
Increase (decrease) in cash and cash equivalents (28,112) (12,755)
Cash and cash equivalents at beginning of year 56,954 63,108
Cash and cash equivalents at end of period 28,842 50,353
Supplemental disclosures of cash flow information:    
Interest 3,167 2,416
Income taxes 2,501 3,490
Noncash transactions:    
Chargeoffs against allowance for loans losses   748
Transfer of foreclosed loans to REO $ 1,834