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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 5,899 $ 3,649
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (1,150) (3,903)
Impairment of tax credit investments 2,014 113
Provision for loan and lease losses 49 2,476
Depreciation, amortization and accretion, net 651 362
Share-based compensation 318 286
Increase in value of bank-owned life insurance policies (292) (292)
Origination of loans for sale (9,277) (24,035)
Sale of loans originated for sale 9,358 23,069
Gain on sale of loans originated for sale (242) (269)
Excess tax benefit from share-based compensation (5) (5)
Payments on operating leases (379) 0
Net (increase) decrease in accrued interest receivable and other assets (6,144) 2,522
Net increase in accrued interest payable and other liabilities 9,863 4,579
Net cash provided by operating activities 10,663 8,552
Investing activities    
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities 5,653 7,179
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 1,795 755
Purchases of available-for-sale securities (22,812) (10,584)
Purchases of held-to-maturity securities 0 (4,875)
Net increase in loans and leases (38,893) (64,892)
Returns of investments in limited partnerships 281 0
Investment in historic development entities (2,137) (689)
Investment in Federal Home Loan Bank stock (1,260) (4,798)
Proceeds from the sale of Federal Home Loan Bank stock 1,865 1,818
Purchases of leasehold improvements and equipment, net 0 (297)
Net cash used in investing activities (55,508) (76,383)
Financing activities    
Net increase (decrease) in deposits 46,407 (23,173)
Repayment of Federal Home Loan Bank advances (165,000) (237,000)
Proceeds from Federal Home Loan Bank advances 136,000 309,000
Net increase in Federal Home Loan Bank line of credit 0 29,000
Net increase in long-term borrowed funds 17 17
Cash dividends paid (1,312) (1,226)
Purchase of treasury stock (1,478) (4)
Net cash provided by financing activities 14,634 76,614
Net (decrease) increase in cash and cash equivalents (30,211) 8,783
Cash and cash equivalents at the beginning of the period 86,546 52,539
Cash and cash equivalents at the end of the period 56,335 61,322
Cash paid during the period for:    
Interest paid on deposits and borrowings 7,761 4,159
Income taxes (received) paid (1) 19
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for operating lease liabilities 8,505 0
Transfer from loans to foreclosed properties $ 0 $ 415