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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net income $ 1,611,000 $ 18,105,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums 155,000 186,000
Amortization and accretion of purchase loan premiums and discounts, net 190,000 16,000
Provision for loan losses 250,000  
Earnings on cash surrender value of life insurance   (353,000)
Depreciation and amortization 776,000 835,000
Loss on disposal of fixed assets 133,000  
Loss on sale of other real estate owned   4,000
Share-based compensation 340,000 203,000
Deferred income taxes 888,000 (16,812,000)
Changes in assets and liabilities:    
Decrease (increase) in net deferred loan costs 216,000 (36,000)
Increase in accrued interest and dividends receivable (189,000) (83,000)
Decrease in other assets 100,000 552,000
Increase (decrease) in accrued expenses and other liabilities 548,000 (1,764,000)
Net cash provided by operating activities 5,018,000 853,000
Cash Flows from Investing Activities:    
Principal repayments on available for sale securities 3,151,000 3,496,000
Redemptions (purchases) of Federal Reserve Bank stock 10,000 (97,000)
Purchases of Federal Home Loan Bank stock   (2,285,000)
Increase in loans (19,746,000) (40,725,000)
Purchase of other real estate owned   (264,000)
Proceeds from sale of other real estate owned   260,000
Purchase of bank premises and equipment, net (7,745,000) (4,425,000)
Net cash used in investing activities (24,330,000) (44,040,000)
Cash Flows from Financing Activities:    
Net increase (decrease) in deposits 3,407,000 (9,089,000)
Increase in FHLB borrowings   75,000,000
Note payable 2,000,000  
Repayment of Note payable (15,000)  
Net cash provided by financing activities 5,392,000 65,911,000
Net (decrease) increase in cash and cash equivalents (13,920,000) 22,724,000
Cash and Cash Equivalents:    
Beginning 73,258,000 34,866,000
Ending 59,338,000 57,590,000
Supplemental Disclosures of Cash Flow Information    
Interest paid 1,717,000 3,580,000
Income taxes paid $ 3,000 $ 3,000