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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net Income $ 1,655 $ 1,496
Items providing/(using) cash    
Depreciation and amortization 340 242
Provision for loan losses 250 350
Expense of share-based compensation plan 24 21
Amortization of premiums and discounts on securities 234 262
Amortization of intangible assets 3 54
Amortization of originated mortgage servicing rights 172 282
Impairment of mortgage servicing rights 767 80
Proceeds from sale of loans held for sale 55,517 64,878
Originations of loans held for sale (52,363) (66,482)
Gain from sale of loans (1,832) (1,654)
(Gain)/loss on sale of assets (22) 19
Changes in    
Interest receivable (229) (208)
Other assets (1,672) (2,927)
Interest payable and other liabilities 246 2,626
Net cash provided by/(used in) operating activities 3,090 (961)
Investing Activities    
Purchases of available-for-sale securities (11,322) (12,740)
Proceeds from maturities of available-for-sale securities 3,866 4,186
Net change in loans (19,716) 4,234
Purchase of premises and equipment and software $ (109) (2,111)
Proceeds from sales or disposal of premises and equipment 36
Proceeds from sale of foreclosed assets $ 86 85
Net cash used in investing activities (27,195) (6,310)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 29,739 23,948
Net increase in certificates of deposit 21,836 3,429
Net increase in securities sold under agreements to repurchase 2,118 $ 1,908
Repayment of Federal Home Loan Bank advances (14,000)
Net proceeds from share based compensation plans (3) $ 0
Dividends on Common Stock (271) (221)
Dividends on Preferred Stock $ (244) $ (225)
Repayment of notes payable
Net cash provided by financing activities $ 39,175 $ 28,839
Increase in Cash and Cash Equivalents 15,070 21,568
Cash and Cash Equivalents, Beginning of Year 20,459 28,197
Cash and Cash Equivalents, End of Period 35,529 49,765
Supplemental Cash Flows Information    
Interest paid $ 636 573
Income taxes paid 410
Transfer of loans to foreclosed assets $ 206 $ 27