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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 5,266 $ 4,328
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,468 922
Increase in cash surrender value of bank-owned life insurance (205) (199)
Provision for loan losses 1,870 746
Share-based compensation expense 358 458
Gain from sale of available-for-sale securities (177) 0
Loans originated for sale (259,095) (277,913)
Proceeds from sale of loans 256,592 287,065
Gain on loans sold (4,496) (4,845)
(Increase) decrease in fair value of loans held-for-sale (986) 492
Gain on derivatives (67) (747)
Net change in accrued income and other assets (3,942) 250
Net change in accrued expenses and other liabilities 1,485 (563)
Net cash (used in) provided by operating activities (1,929) 9,994
Investing Activities    
Net loan activity, excluding purchases (136,643) (81,290)
Net change in interest-bearing time deposits 750 750
Maturities of securities available-for-sale 16,303 10,515
Proceeds from sale of securities available-for-sale 49,430 0
Purchase of securities available-for-sale (272,129) (65,821)
Purchase of Federal Home Loan Bank of Indianapolis stock 0 (1,596)
Purchase of premises and equipment (1,653) (1,586)
Loans purchased (21,325) 0
Net cash used in investing activities (365,267) (139,028)
Financing Activities    
Net increase in deposits 432,879 97,905
Cash dividends paid (538) (534)
Proceeds from advances from Federal Home Loan Bank 40,000 180,000
Repayment of advances from Federal Home Loan Bank (83,000) (146,000)
Net proceeds from common stock issuance 22,754 0
Other, net (43) (24)
Net cash provided by financing activities 412,052 131,347
Net Increase in Cash and Cash Equivalents 44,856 2,313
Cash and Cash Equivalents, Beginning of Period 25,152 28,289
Cash and Cash Equivalents, End of Period 70,008 30,602
Supplemental Disclosures    
Cash paid during the period for interest 8,196 4,960
Cash paid during the period for taxes 2,911 1,070
Cash dividends declared, paid in subsequent period $ 331 $ 267