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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 3,649 $ 3,397
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (3,903) (75)
Impairment of tax credit investments 113 113
Provision for loan and lease losses 2,476 572
Depreciation, amortization and accretion, net 362 384
Share-based compensation 286 276
Increase in value of bank-owned life insurance policies (292) (311)
Origination of loans for sale (24,035) (17,123)
Sale of loans originated for sale 23,069 14,681
Gain on sale of loans originated for sale 269 371
Excess tax benefit from share-based compensation (5) (7)
Returns on investments in limited partnerships 0 92
Net decrease (increase) in accrued interest receivable and other assets 2,522 (159)
Net increase in accrued interest payable and other liabilities 4,579 1,379
Net cash provided by operating activities 8,552 2,848
Investing activities    
Proceeds from maturities, redemptions and paydowns of available-for-sale securities 7,179 9,434
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 755 730
Purchases of available-for-sale securities (10,584) (10,902)
Purchases of held-to-maturity securities (4,875) (615)
Net increase in loans and leases (64,892) (30,021)
Investment in historic development entities (689) 0
Investment in Federal Home Loan Bank stock (4,798) (3,495)
Proceeds from the sale of Federal Home Loan Bank stock 1,818 844
Purchases of leasehold improvements and equipment, net (297) (363)
Net cash used in investing activities (76,383) (34,388)
Financing activities    
Net decrease in deposits (23,173) (46,133)
Repayment of Federal Home Loan Bank advances 237,000 115,916
Proceeds from Federal Home Loan Bank Borrowings 309,000 178,416
Proceeds from Long-term Lines of Credit 29,000 0
Net increase (decrease) in other borrowed funds 17 (310)
Cash dividends paid (1,226) (1,133)
Purchase of treasury stock (4) (2)
Net cash provided by financing activities 76,614 14,922
Net increase (decrease) in cash and cash equivalents 8,783 (16,618)
Cash and cash equivalents at the beginning of the period 52,539 77,517
Cash and cash equivalents at the end of the period 61,322  
Cash paid during the period for:    
Interest paid on deposits and borrowings 4,159 3,386
Income taxes paid 19 (314)
Non-cash investing and financing activities:    
Transfer of loans from held-to-maturity to held-for-sale 0 2,040
Transfer from premises and equipment to foreclosed properties $ 415 $ 0