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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 15,976 $ 23,134 $ 18,441
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (reversal of) loan losses 500 (1,850) 500
Provision for losses on off-balance sheet commitments 57 150 (263)
Write-down of deferred tax assets, net 3,017 0 0
Noncash contribution expense to employee stock ownership plan 1,152 0 0
Noncash director compensation expense-common stock 197 180 274
Stock-based compensation expense 1,271 985 636
Amortization of core deposit intangible 529 533 619
Amortization of investment security premiums, net of accretion of discounts 2,912 3,212 2,825
Accretion of discount on acquired loans (902) (1,775) (1,883)
Accretion of discount on subordinated debentures 153 191 210
Net amortization of deferred loan origination costs/fees 65 114 (281)
(Gain on sale) write-down of other real estate owned (6) 13 40
Loss (gain) on sale of investment securities 185 (425) (79)
Depreciation and amortization 1,941 1,822 1,968
Loss on disposal of premises and equipment 0 3 4
Earnings on bank owned life insurance policies (845) (844) (814)
Net change in operating assets and liabilities:      
Deferred rent and other rent-related expenses (12) (254) (4)
Interest receivable and other assets (278) 581 347
Interest payable and other liabilities 1,035 (324) 1,142
Net cash provided by operating activities 26,947 25,446 23,682
Cash Flows from Investing Activities:      
Purchase of held-to-maturity securities (4,497) (2,424) (2,375)
Purchase of available-for-sale securities (118,666) (161,374) (287,144)
Proceeds from sale of available-for-sale securities 55,408 68,673 2,099
Proceeds from sale of held-to-maturity securities 0 1,265 1,015
Proceeds from paydowns/maturities of held-to-maturity securities 48,559 25,779 47,181
Proceeds from paydowns/maturities of available-for-sale securities 26,333 129,669 64,839
Loans originated and principal collected, net (57,181) (32,005) (88,123)
Purchase of bank owned life insurance policies 0 (2,133) 0
Purchase of premises and equipment (1,434) (1,040) (1,418)
Proceeds from sale of loan 0 0 1,502
Proceeds from sale of other real estate owned 414 0 0
Cash acquired from the Bank of Napa acquisition 59,779 0 0
Purchase of Federal Home Loan Bank stock 0 (1,791) (136)
Cash paid for low income housing investment (902) (301) (718)
Net cash provided by (used in) investing activities 7,813 24,318 (263,278)
Cash Flows from Financing Activities:      
Net increase in deposits 126,084 44,474 176,607
Proceeds from stock options exercised 88 1,388 1,326
Payment of tax withholding for stock options exercised (60) 0 0
Federal Home Loan Bank (repayments) borrowings 0 (67,000) 52,000
Cash dividends paid on common stock (6,896) (6,223) (5,390)
Proceeds from stock issued under employee and director stock purchase plans and ESOP 765 58 29
Net cash provided by (used in) financing activities 119,981 (27,303) 224,572
Net increase (decrease) in cash and cash equivalents 154,741 22,461 (15,024)
Cash and cash equivalents at beginning of period 48,804 26,343 41,367
Cash and cash equivalents at end of period 203,545 48,804 26,343
Supplemental disclosure of cash flow items, non-cash investing and financing activities:      
Cash paid in interest 1,535 2,131 2,066
Cash paid in income taxes 9,761 13,365 9,068
Change in unrealized gain on available-for-sale securities 1,246 (6,052) (1,426)
Stock issued in payment of director fees and to ESOP 1,340 234 275
Subscription in low income housing tax credit investment 0 0 1,023
Securities transferred from available-for-sale to held-to-maturity 128,965 0 0
Transfer of loan to loans held-for-sale at fair value 0 0 1,502
Merger consideration - stock and stock options issued to the Bank of Napa shareholders 53,185 0 0
Fair value of assets acquired, excluding cash acquired 245,342 0 0
Fair value of liabilities assumed $ 251,938 $ 0 $ 0