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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 16,459 $ 7,271
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (404) (398)
Loss (gain) on sales of foreclosed assets held for resale, including writedowns 1 (36)
Earnings on investment in bank-owned life insurance (807) (807)
Gain on sales or calls of securities (44) 0
Loss on equity securities 50 0
Restricted stock compensation expense 186 120
Depreciation and amortization 2,122 1,622
Provision for loan losses 770 0
Net amortization of investment securities premiums 357 396
Increase in accrued interest receivable (1,067) (637)
Increase in accrued interest payable 243 235
Mortgage loans originated for sale (25,244) (21,344)
Proceeds from sales of loans originated for sale 26,272 21,639
Decrease in other assets 724 4,394
Decrease (increase) in deferred tax expense 398 (3,343)
Increase in other liabilities 1,471 843
Net Cash Provided by Operating Activities 21,487 9,955
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities held to maturity 11,307 8,148
Proceeds from maturities of investment securities available for sale 12,471 18,486
Proceeds from sales of investment securities available for sale 6,477 0
Purchase of investment securities available for sale (27,746) (12,144)
Redemption (purchase) of restricted investment in bank stocks 244 (136)
Net increase in loans (29,843) (63,636)
Purchase of bank-owned life insurance (500) 0
Bank acquisition, net of cash acquired 0 (6,444)
Insurance book- acquisition (600) 0
Capital expenditures (904) (1,087)
Proceeds from sales of premises and equipment 0 6
Proceeds from sales of foreclosed real estate 607 228
Net Cash Used in Investing Activities (28,487) (43,691)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits 12,976 13,254
Net increase in time certificates of deposits and interest bearing deposits 35,775 37,677
Net increase (decrease) in short-term borrowings 1,617 (784)
Proceeds from long-term borrowings 9,716 24,600
Repayments on long-term borrowings (19,591) (7,000)
Dividends paid (4,642) (3,829)
Common stock issued 404 378
Net Cash Provided by Financing Activities 36,255 64,296
Net Increase in Cash and Cash Equivalents 29,255 30,560
CASH AND CASH EQUIVALENTS — BEGINNING 34,441 18,931
CASH AND CASH EQUIVALENTS — ENDING 63,696 49,491
Supplemental disclosures of cash flow information    
Interest paid 5,092 3,510
Income taxes paid 3,150 2,850
Loans transferred to foreclosed assets held for resale and other foreclosed transactions $ 235 $ 0