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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]      
Net income $ 23,536 $ 19,588 $ 18,009
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,792 1,864 1,745
Change in deferred taxes (485) 2,083 (139)
Provision for loan losses 1,500 2,000 1,600
Loans originated for resale (25,447) (39,039) (54,257)
Proceeds from sales and transfers of loans 26,323 40,172 55,035
Net gain on sales of loans (490) (737) (1,211)
Net gain on sale or call of securities (137) (471) (673)
Net amortization of investment premiums 1,820 3,212 2,338
Net gain on sale of other real estate owned (312) (84) (177)
Provision for losses on other real estate owned 0 17 132
Equity compensation expense 381 392 298
Tax benefit from vesting of restricted stock 0 0 32
Net (increase) decrease in other assets and accrued interest 1,146 (4,817) (2,444)
Net increase (decrease) in other liabilities 3,848 (2,020) 665
Net (gain) loss on disposal of premises and equipment 136 (108) 0
Amortization of investments in limited partnerships 186 178 194
Net acquisition amortization 43 43 43
Net cash provided by operating activities 33,840 22,273 21,190
Cash flows from investing activities      
(Increase) decrease in interest-bearing deposits in other banks (11,219) (567) 3,720
Proceeds from sales of securities available for sale 459 15,587 10,309
Proceeds from maturities, payments, calls of securities available for sale 51,752 156,969 79,217
Proceeds from maturities, payments, calls of securities held to maturity 14,094 14,770 88,899
Proceeds from sales of other real estate owned 1,350 607 1,786
Purchases of securities available for sale (76,893) (177,409) (171,881)
Purchases of securities to be held to maturity (13,159) (44,334) (75,573)
Purchase of Federal Home Loan Bank Stock (1,228) 0 0
Redemption of restricted equity securities 0 1,572 2,327
Net increase in loans (75,751) (95,199) (84,850)
Capital expenditures (1,484) (2,529) (2,131)
Proceeds from sale of premises and equipment 2 473 0
Net cash used in investing activities (112,077) (130,060) (148,177)
Cash flows from financing activities      
Net increase in demand, savings, and money market accounts 75,798 88,372 94,130
Net increase in certificates of deposit 32,408 82,381 105,638
Advances on long-term borrowings 0 50,000 35,000
Repayment on long-term borrowings (80,000) (70,000) (30,000)
Net increase (decrease) in short-term borrowings 61,559 (30,143) (63,556)
Payment to repurchase common stock (168) (154) (129)
Proceeds from sale of common stock 619 632 531
Repurchase of warrants 0 0 (1,750)
Dividends paid (12,052) (11,460) (9,810)
Net cash provided by financing activities 78,164 109,628 130,054
Net increase (decrease) in cash and cash equivalents (73) 1,841 3,067
Cash and cash equivalents at beginning of year 19,207 17,366 14,299
Cash and cash equivalents at end of year 19,134 19,207 17,366
Interest paid 20,104 13,366 10,767
Income taxes paid 3,057 5,730 6,367
Non-cash transactions:      
Net transfer from loans to other real estate owned $ 610 $ 1,177 $ 584