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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 10,803 $ 12,431
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (9) 319
Impairment of tax credit investments 3,520 0
Provision for loan and lease losses 6,824 1,491
Depreciation, amortization and accretion, net 1,403 (379)
Share-based compensation 858 717
Increase in cash surrender value of bank-owned life insurance (730) (715)
Origination of loans for sale (54,794) (52,295)
Sale of loans originated for sale 59,263 53,612
Gain on sale of loans originated for sale 4,394 2,887
Net loss (gain) on foreclosed properties, including impairment valuation 93 (178)
Excess tax benefit from share-based compensation (138) (253)
Increase in accrued interest receivable and other assets (3,106) (529)
(Decrease) increase in accrued interest payable and other liabilities (2,789) 1,342
Net cash provided by operating activities 16,804 12,676
Investing activities    
Proceeds from maturities, redemptions and paydowns of available-for-sale securities 32,555 32,930
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 2,906 3,253
Proceeds from sale of available-for-sale securities 2,183 0
Purchases of available-for-sale and held-to-maturity securities (48,943) (32,614)
Proceeds from sale of foreclosed properties 57 528
Net increase in loans and leases (29,962) (96,898)
Investment in limited partnerships 2,238 578
Distributions from limited partnerships 791 332
Investment in Federal Home Loan Bank and Federal Reserve Bank Stock (388) (1,349)
Proceeds from sale of Federal Home Loan Bank Stock 1,066 846
Purchases of leasehold improvements and equipment, net (519) (498)
Net cash used in investing activities (42,492) (94,048)
Financing activities    
Net (decrease) increase in deposits (10,924) 101,529
Repayment of Federal Home Loan Bank advances 3,500 0
Net (decrease) increase in short-term borrowed funds (1,240) 2,500
Excess tax benefit from share-based compensation 138 253
Cash dividends paid (3,132) (2,859)
Exercise of stock options 0 300
Purchase of treasury stock (454) (917)
Net cash (used in) provided by financing activities (19,112) 100,806
Net (decrease) increase in cash and cash equivalents (44,800) 19,434
Cash and cash equivalents at the beginning of the period 113,564 103,237
Cash and cash equivalents at the end of the period 68,764 122,671
Cash paid during the period for:    
Interest paid on deposits and borrowings 11,058 9,817
Income taxes paid 5,122 3,793
Non-cash investing and financing activities:    
Transfer of loans from held-to-maturity to held-for-sale $ 11,504 $ 2,401