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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 10,965 $ 9,745
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses 1,500 2,025
Depreciation and other amortization 1,053 939
Accretion and amortization of securities discounts and premium, net 422 433
Gain on sale of investment securities available for sale (2) (431)
Loss on sale of real estate owned 3 51
Loss on disposal of fixed assets 50
Write-down of real estate owned 7 389
Compensation expense related to stock options and grants 989 764
Gain on sale of loans held for sale (4,520) (5,704)
Loans originated and held for sale (144,622) (198,601)
Proceeds from sale of loans held for sale 147,819 200,122
Increase in cash surrender value of bank owned life insurance (590) (553)
(Increase) decrease in deferred tax asset (2,472) 552
Increase in other assets, net (72) (606)
Increase in other liabilities 3,773 1,328
Net cash provided by operating activities 14,303 10,453
Increase (decrease) in cash realized from:    
Origination of loans, net (165,160) (110,576)
Purchase of property and equipment (4,290) (4,079)
Purchase of investment securities:    
Available for sale (20,675) (16,852)
Other (1,811) (806)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 6,918 18,448
Other 4,489
Proceeds from sale of investment securities available for sale 22,185
Purchase of life insurance policies (6,850)
Proceeds from sale of real estate owned 498 395
Net cash used for investing activities (186,881) (91,285)
Increase (decrease) in cash realized from:    
Increase in deposits, net 251,426 59,342
Decrease in Federal Home Loan Bank advances and other borrowings, net (76,000)
Proceeds from issuance of common stock 24,758
Proceeds from the exercise of stock options and warrants 454 534
Net cash provided by financing activities 200,638 59,876
Net increase (decrease) in cash and cash equivalents 28,060 (20,956)
Cash and cash equivalents at beginning of the period 46,552 62,866
Cash and cash equivalents at end of the period 74,612 41,910
Cash paid for    
Interest 7,404 5,951
Income taxes 5,490 4,930
Schedule of non-cash transactions    
Real estate acquired in settlement of loans 289 245
Unrealized gain on securities, net of income taxes $ 413 $ 1,024