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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Cash Flows from Operating Activities:          
Net income $ 5,132 $ 6,964 $ 14,866 $ 17,447 $ 23,134
Adjustments to reconcile net income to net cash provided by operating activities:          
Reversal of provision for loan losses 0 (1,550) 0 (1,550)  
Provision for losses on off-balance sheet commitments 100 0 57 150  
Noncash expense - contribution to ESOP     637 0  
Noncash director compensation expense - common stock     170 146  
Stock-based compensation expense     1,057 710  
Amortization of core deposit intangible     354 400  
Amortization of investment security premiums, net of accretion of discounts     2,204 2,293  
Accretion of discount on acquired loans     (706) (1,526)  
Accretion of discount on subordinated debentures     117 145  
Net amortization of deferred loan origination costs/fees     85 100  
Write-down of other real estate owned     0 13  
Gain on sale of investment securities     (10) (394)  
Depreciation and amortization 489 449 1,433 1,343  
Loss on disposal of premises and equipment     0 3  
Gain on sale of repossessed assets     (1) 0  
Earnings on bank-owned life insurance policies (209) (216) (628) (626)  
Net change in operating assets and liabilities:          
Deferred rent and other rent-related expenses     38 (287)  
Interest receivable and other assets     421 2,362  
Interest payable and other liabilities     350 (414)  
Total adjustments     5,578 2,868  
Net cash provided by operating activities     20,444 20,315  
Cash Flows from Investing Activities:          
Purchase of held-to-maturity securities     (4,496) (2,424)  
Purchase of available-for-sale securities     (51,130) (138,432)  
Proceeds from sale of available-for-sale securities 0 0 1,321 68,673  
Proceeds from paydowns/maturities of held-to-maturity securities     22,352 25,150  
Proceeds from paydowns/maturities of available-for-sale securities     37,126 110,978  
Loans originated and principal collected, net     (37,370) (11,723)  
Purchase of bank-owned life insurance policies     0 (2,133)  
Purchase of premises and equipment     (1,143) (652)  
Proceeds from sale of repossessed assets     170 0  
Purchase of Federal Home Loan Bank stock     0 (1,792)  
Cash paid for low-income housing investment     (899) (298)  
Net cash (used in) provided by investing activities     (34,069) 47,347  
Cash Flows from Financing Activities:          
Net increase in deposits     118,270 73,243  
Proceeds from stock options exercised     88 1,206  
Payment of tax withholdings for stock options exercised     (60) 0  
Proceeds from stock issued under employee and director stock purchase plans and ESOP     750 49  
Federal Home Loan Bank repayments     0 (67,000)  
Cash dividends paid on common stock     (5,103) (4,573)  
Net cash provided by financing activities     113,945 2,925  
Net increase in cash and cash equivalents     100,320 70,587  
Cash and cash equivalents at beginning of period     48,804 26,343 26,343
Cash and cash equivalents at end of period 149,124 96,930 149,124 96,930 $ 48,804
Supplemental disclosure of cash flow information:          
Cash paid in interest     1,131 1,741  
Cash paid in income taxes     6,815 9,095  
Supplemental disclosure of noncash investing and financing activities:          
Change in net unrealized gain or loss on available-for-sale securities     3,273 3,817  
Securities transferred from available-for-sale to held-to-maturity     128,965 0  
Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity $ 135 $ 0 299 0  
Stock issued in payment of director fees and to ESOP     $ 825 $ 234