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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net Income $ 4,310 $ 3,920
Items providing/(using) cash    
Depreciation and amortization 753 696
Provision for loan losses 200 250
Expense of share-based compensation plan 127 80
Amortization of premiums and discounts on securities 315 461
Amortization of intangible assets 5 6
Amortization of originated mortgage servicing rights 521 482
Impairment (recovery) of mortgage servicing rights 4 1,236
Proceeds from sale of loans held for sale 123,708 148,995
Originations of loans held for sale (129,527) (142,612)
Gain from sale of loans (4,112) (4,267)
(Gain)/loss on sale of assets 47 (181)
Changes in    
Interest receivable 101 (137)
Other assets 2,968 (5,870)
Interest payable and other liabilities 155 1,145
Net cash (used in)/provided by operating activities (425) 4,204
Investing Activities    
Purchases of available-for-sale securities (25,785) (11,322)
Proceeds from maturities of available-for-sale securities 12,692 7,145
Proceeds from sales of available-for-sale-securities 2,400
Net change in loans (7,350) (47,150)
Purchase of premises and equipment and software (2,364) (497)
Proceeds from sale of foreclosed assets & equipment 945 661
Net cash used in investing activities (21,862) (48,763)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 11,972 32,482
Net increase in certificates of deposit 22,288 29,365
Net increase in securities sold under agreements to repurchase 643 5,391
Proceeds from FHLB Advances 5,000
Repayments of FHLB Advances (11,000) (12,000)
Share repurchase (1,425) (163)
Net proceeds from share based compensation plans 329 24
Dividends on Common Stock (659) (566)
Dividends on Preferred Stock (488) (488)
Net cash provided by financing activities 26,660 54,045
Increase in Cash and Cash Equivalents 4,373 9,486
Cash and Cash Equivalents, Beginning of Year 17,012 20,459
Cash and Cash Equivalents, End of Period 21,385 29,945
Supplemental Cash Flows Information    
Interest paid 1,756 1,385
Income taxes paid 2,049 2,309
Transfer of loans to foreclosed assets $ 94 $ 243