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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net Income $ 2,453 $ 1,993
Items providing/(using) cash    
Depreciation and amortization 409 367
Provision for loan losses 300
Expense of share-based compensation plan 82 91
Amortization of premiums and discounts on securities 86 169
Amortization of intangible assets 2 3
Amortization of originated mortgage servicing rights 246 218
Recovery of mortgage servicing rights (92) (35)
Proceeds from sale of loans held for sale 43,412 46,352
Originations of loans held for sale (41,720) (46,364)
Gain from sale of loans (1,760) (1,680)
Changes in    
Interest receivable (100) 50
Other assets (1,438) 181
Interest payable and other liabilities 1,472 (743)
Net cash provided by operating activities 3,352 602
Investing Activities    
Purchases of available-for-sale securities (13,149) (23,307)
Proceeds from maturities of available-for-sale securities 2,853 5,459
Net change in loans (16,874) 17,664
Purchase of premises and equipment and software (406) (1,147)
Proceeds from sale of equipment 133
Proceeds from sale of foreclosed assets 22 40
Net cash used in investing activities (27,421) (1,291)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 19,530 25,511
Net increase in certificates of deposit (335) 14,331
Net increase in securities sold under agreements to repurchase (577) 1,264
Repayment of Federal Home Loan Bank advances (11,000)
Share repurchase (58) (455)
Exercise of Stock Options 40 329
Issuance of Common Stock 27,912
Dividends on Common Stock (486) (319)
Dividends on Preferred Stock (244) (244)
Net cash provided by financing activities 45,782 29,417
Increase in Cash and Cash Equivalents 21,713 28,728
Cash and Cash Equivalents, Beginning of Year 26,616 17,012
Cash and Cash Equivalents, End of Period 48,329 45,740
Supplemental Cash Flows Information    
Interest paid 1,110 866
Income taxes paid 220 203
Transfer of loans to foreclosed assets $ 70