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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net earnings $ 10,506 $ 8,049 $ 4,655
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Provision for loan losses (700) 600 800
Valuation allowance on real estate owned 9 34 135
Amortization of investment security premiums, net 1,536 1,712 1,538
Amortization of purchase accounting adjustment on loans (542) (495) (53)
Amortization of purchase accounting adjustment on subordinated debentures 200 200 33
Amortization of intangibles 1,355 1,296 749
Depreciation 1,162 1,126 960
Increase in cash surrender value of bank owned life insurance (514) (523) (561)
Stock-based compensation 16 55 58
Deferred income taxes 625 (103) (418)
Net loss (gain) on investment securities 119 (99) 0
Impairment of affordable housing investment 163 0 0
Net loss (gain) on sales of premises and equipment and foreclosed assets (244) (32) 162
Net gains on sales of loans (7,993) (5,880) (3,777)
Proceeds from sale of loans 290,731 214,100 167,207
Origination of loans held for sale (286,532) (211,027) (160,661)
Changes in assets and liabilities:      
Accrued interest and other assets (2,530) (1,201) 701
Accrued expenses and other liabilities (329) 861 570
Net cash provided by operating activities 7,038 8,673 12,098
Cash flows from investing activities:      
Net increase in loans (3,636) (2,640) (3,833)
Maturities and prepayments of investment securities 55,426 43,746 43,398
Net cash received in bank acquisition 0 0 25,028
Purchases of investment securities (89,627) (97,963) (89,418)
Proceeds from sale of investment securities 30,610 8,265 6,348
Redemption of bank stocks 13,412 6,053 3,203
Purchase of bank stocks (13,902) (4,789) (2,671)
Proceeds from sales of premises and equipment and foreclosed assets 570 340 1,997
Purchases of premises and equipment, net (1,223) (1,461) (650)
Net cash used in investing activities (8,370) (48,449) (16,598)
Cash flows from financing activities:      
Net increase in deposits 10,184 17,093 23,152
Federal Home Loan Bank advance borrowings 327,948 106,445 81,100
Federal Home Loan Bank advance repayments (333,601) (98,881) (83,837)
Proceeds from other borrowings 3,309 4,515 0
Repayments on other borrowings (3,745) (4,476) (130)
Proceeds from exercise of stock options including excess tax benefit 593 520 1,273
Payment of dividends (2,547) (2,415) (2,243)
Net cash provided by financing activities 2,141 22,801 19,315
Net increase (decrease) in cash and cash equivalents 809 (16,975) 14,815
Cash and cash equivalents at beginning of year 12,760 29,735 14,920
Cash and cash equivalents at end of year 13,569 12,760 29,735
Supplemental disclosure of cash flow information:      
Cash paid during the year for income taxes 3,390 1,980 800
Cash paid during the year for interest 3,092 3,223 3,156
Supplemental schedule of noncash investing and financing activities:      
Transfer of loans to real estate owned 1,024 209 250
Investment securities purchases not yet settled 2,015 899 1,311
Bank acquisition:      
Fair value of liabilities assumed 0 0 169,333
Fair value of assets acquired $ 0 $ 0 $ 194,361