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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 3,397 $ 4,553
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (75) (98)
Impairment of tax credit investments 113 112
Provision for loan and lease losses 572 525
Depreciation, amortization and accretion, net 384 243
Share-based compensation 276 296
Increase in value of bank-owned life insurance policies (311) (243)
Origination of loans for sale (10,646) (13,986)
Sale of loans originated for sale 10,244 22,288
Gain on sale of loans originated for sale 371 1,521
Excess tax benefit from share-based compensation (7) (6)
Proceeds from Equity Method Investment, Dividends or Distributions 92 0
Net increase in accrued interest receivable and other assets (159) (657)
Net increase (decrease) in accrued interest payable and other liabilities 1,379 (1,685)
Net cash provided by operating activities 4,888 9,821
Investing activities    
Proceeds from maturities, redemptions and paydowns of available-for-sale securities 9,434 9,126
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 730 802
Purchases of available-for-sale and held-to-maturity securities (11,517) (8,802)
Net increase in loans and leases (32,061) (23,321)
Investment in Federal Home Loan Bank and Federal Reserve Bank Stock (3,495) (7)
Proceeds from the sale of Federal Home Loan Bank Stock 844 116
Purchases of leasehold improvements and equipment, net (363) (113)
Net cash used in investing activities (36,428) (22,199)
Financing activities    
Net (decrease) increase in deposits (46,133) 4,412
Repayment of Federal Home Loan Bank advances 115,916 1,500
Proceeds from Federal Home Loan Bank Borrowings 178,416 0
Net (decrease) increase in other borrowed funds (310) 1,800
Cash dividends paid (1,133) (1,042)
Purchase of treasury stock (2) (2)
Net cash provided by financing activities 14,922 3,668
Net decrease in cash and cash equivalents (16,618) (8,710)
Cash and cash equivalents at the beginning of the period 77,517 113,564
Cash and cash equivalents at the end of the period 60,899 104,854
Cash paid during the period for:    
Interest paid on deposits and borrowings 3,386 3,633
Income taxes paid (314) 1,521
Non-cash investing and financing activities:    
Transfer of loans from held-to-maturity to held-for-sale $ 2,040 $ 5,776