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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net Income $ 1,993 $ 1,655
Items providing/(using) cash    
Depreciation and amortization 367 340
Provision for loan losses 250
Expense of share-based compensation plan 91 24
Amortization of premiums and discounts on securities 169 234
Amortization of intangible assets 3 3
Amortization of originated mortgage servicing rights 218 172
Impairment (recovery) of mortgage servicing rights (35) 767
Proceeds from sale of loans held for sale 46,352 55,517
Originations of loans held for sale (46,364) (52,363)
Gain from sale of loans (1,680) (1,832)
(Gain)/loss on sale of assets 2 (22)
Changes in    
Interest receivable 50 (229)
Other assets 179 (1,672)
Interest payable and other liabilities (743) 246
Net cash provided by operating activities 602 3,090
Investing Activities    
Purchases of available-for-sale securities (23,307) (11,322)
Proceeds from maturities of available-for-sale securities 5,459 3,866
Net change in loans 17,664 (19,716)
Purchase of premises and equipment and software (1,147) (109)
Proceeds from sale of foreclosed assets 40 86
Net cash used in investing activities (1,291) (27,195)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 25,511 29,739
Net increase in certificates of deposit 14,331 21,836
Net increase in securities sold under agreements to repurchase 1,264 2,118
Repayment of Federal Home Loan Bank advances (11,000) (14,000)
Share repurchase (455) (10)
Exercise of Stock Options 329 7
Dividends on Common Stock (319) (271)
Dividends on Preferred Stock (244) (244)
Net cash provided by financing activities 29,417 39,175
Increase in Cash and Cash Equivalents 28,728 15,070
Cash and Cash Equivalents, Beginning of Year 17,012 20,459
Cash and Cash Equivalents, End of Period 45,740 35,529
Supplemental Cash Flows Information    
Interest paid 866 636
Income taxes paid 203
Transfer of loans to foreclosed assets $ 206