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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activities    
Net Income $ 8,784 $ 7,619
Items not requiring (providing) cash    
Depreciation and amortization 1,509 1,097
Provision for loan losses 750 1,100
Expense of share-based compensation plan 114 81
Amortization of premiums and discounts on securities 917 977
Amortization of intangible assets 13 201
Amortization of originated mortgage servicing rights 1,340 880
Deferred income taxes 738 1,519
Proceeds from sale of loans held for sale 353,068 278,670
Originations of loans held for sale (343,377) (276,252)
Gain from sale of loans (9,151) (7,195)
(Gain)/Loss on sales of assets (193) 22
Net gains on sales of securities (262)
Originated mortgage servicing rights impairment, net (68) (116)
Changes in    
Interest receivable (252) 86
Other assets (856) (1,656)
Interest payable & other liabilities 952 1,582
Net cash provided by operating activities 14,026 8,615
Investing Activities    
Purchases of available-for-sale securities (22,603) (26,261)
Proceeds from maturities of available-for-sale securities 17,534 20,328
Proceeds from sales of available-for-sale securities 3,212
Net change in loans (88,027) (42,338)
Purchase of premises, equipment (1,636) (7,199)
Proceeds from sales of premises, equipment 9 667
Proceeds from sale of foreclosed assets 784 111
Net cash used in investing activities (90,727) (54,692)
Financing Activities    
Net increase in demand deposits, money market, interest checking & savings accounts 47,942 39,810
Net increase/(decrease) in certificates of deposit 38,678 (4,263)
Net decrease in securities sold under agreements to repurchase (1,874) (334)
Proceeds from Federal Home Loan Bank advances 5,500 9,000
Repayment of Federal Home Loan Bank advances (14,000) (4,000)
Net proceeds from share based compensation plans 331 67
Stock Repurchase Plan (1,168) (2)
Dividends on Common Stock (1,180) (983)
Dividends on Preferred Stock (975) (956)
Net cash provided by financing activities 73,254 38,339
Decrease in Cash and Cash Equivalents (3,447) (7,738)
Cash and Cash Equivalents, Beginning of Year 20,459 28,197
Cash and Cash Equivalents, End of Year 17,012 20,459
Supplemental Cash Flows Information    
Interest paid 3,054 2,583
Income taxes paid 3,969 2,060
Transfer of loans to foreclosed assets $ 1,238 $ 134