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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities    
Net income $ 380,000 $ 1,110,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 639,000 528,000
Net premium amortization and discount accretion of securities 183,000 217,000
Amortization of core deposit intangible 234,000  
Accretion of time deposits (117,000)  
Amortization of subordinated debt issuance costs 8,000 8,000
Accretion of loan discount (451,000)  
Provision for loan losses 758,000 148,000
Stock compensation expense 67,000 16,000
Deferred tax benefit (8,000) (6,000)
(Gains) on securities available-for-sale (2,000) (110,000)
Increase in OREO valuation allowance 109,000 53,000
(Gain) loss on sale of other real estate (16,000) 35,000
Decrease in mortgage servicing rights 6,000 38,000
Loan originations for sale (5,719,000) (9,035,000)
Loan sales 5,788,000 8,274,000
Gain on sold loans (51,000) (221,000)
Increase in cash surrender value of life insurance (208,000) (124,000)
Decrease in accrued income and other assets 312,000 227,000
Increase in other liabilities 297,000 202,000
Net cash provided by operating activities 2,209,000 1,360,000
Cash Flows From Investing Activities    
Proceeds from maturities and principal paydowns of available-for-sale securities 2,198,000 1,683,000
Proceeds from sales and calls of available-for-sale securities 17,662,000 9,097,000
Maturities of certificates of deposit 992,000 248,000
Purchases of available-for-sale securities and certificates of deposit (743,000) (9,995,000)
(Purchases) sales of restricted securities (470,000) 309,000
Loan (originations) and principal collections, net (52,157,000) (6,840,000)
Principal payments on loans held for sale 279  
Cash acquired in the merger with Virginia Commonwealth 14,698,000  
Proceeds from sale of other real estate 412,000 227,000
Proceeds from sale of equipment 6,000  
Purchases of premises and equipment (836,000) (114,000)
Net cash used in investing activities (17,959,000) (5,385,000)
Cash Flows From Financing Activities    
Net (decrease) increase in demand, savings, and other interest-bearing deposits (20,071,000) 18,762,000
Net increase in time deposits 59,516,000 409,000
Stock options exercised 138,000  
Net (decrease) increase in securities sold under repurchase agreements (7,524,000) 1,021,000
Increase (decrease) in Federal Home Loan Bank advances 10,000,000 (10,000,000)
Net cash provided by financing activities 42,059,000 10,192,000
Net increase in cash and due from banks 26,309,000 6,167,000
Cash and cash equivalents (including interest-earning deposits) at beginning of period 14,702,000 20,570,000
Cash and cash equivalents (including interest-earning deposits) at end of period 41,011,000 26,737,000
Cash paid for:    
Interest 2,718,000 1,758,000
Income taxes 550,000 70,000
Non-cash investing and financing:    
Unrealized gain on investment securities 483,000 783,000
Loans transferred to other real estate owned 259,000 1,203,000
Loans originated to facilitate sale of OREO 190,000 116,000
Changes in deferred taxes resulting from OCI transactions 163,000 266,000
Transfer of loans to held for sale   $ 1,173,000
Business combination:    
Assets acquired, net of cash acquired 315,845,000  
Liabilities assumed 294,454,000  
Net assets acquired, net of cash acquired 21,391,000  
Dividends declared $ 377,000