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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows From Operating Activities    
Net income $ 3,096 $ 1,122
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,261 1,041
Net premium amortization and discount accretion of securities 167 271
Amortization of subordinated debt issuance costs 12 13
Amortization of core deposit intangible 610 461
Accretion of fair value adjustment of time deposits (150) (219)
Accretion of fair value adjustments (discounts) of loans 1,408 (860)
Provision for loan losses 481 1,833
Share-based compensation 115 178
Gain on sale of available-for-sale securities   2
(Decrease) increase in other real estate owned valuation allowance (33) 145
Gain on sale of other real estate owned (136) (44)
Loss on disposal of fixed and other assets 18  
Decrease in value of mortgage servicing rights 18 16
Originations of loans held for sale (17,096) (10,204)
Proceeds from loan sales 19,039 10,438
Gain on sold loans (292) (120)
Increase in cash surrender value of bank owned life insurance (374) (342)
Gain on curtailment of post-retirement benefit plan (352)  
Decrease in accrued interest receivable and other assets (675) (145)
Increase in other liabilities 1,487 1,160
Net cash provided by operating activities 8,604 4,746
Cash Flows From Investing Activities    
Proceeds from maturities and principal paydowns of available-for-sale securities 3,477 3,093
Proceeds from sales and calls of available-for-sale securities   17,662
Maturities of certificates of deposit 248 992
Purchases of available-for-sale securities and certificates of deposit (9,650) (19,121)
Purchases of restricted securities, net (963) (1,807)
Decrease (increase) in federal funds sold 6,764 (21,451)
Net increase in loans (92,525) (57,147)
Loan purchases   (34,037)
Cash acquired in the merger with Virginia BanCorp   14,698
Proceeds from sale of other real estate owned 3,159 603
Proceeds from sale of equipment   9
Purchases of premises and equipment (2,113) (1,643)
Net cash used in investing activities (91,603) (98,149)
Cash Flows From Financing Activities    
Net increase (decrease) in demand, savings, and other interest-bearing deposits 36,435 (2,527)
Net increase in time deposits 10,997 88,512
Stock options exercised 131 195
Net decrease in securities sold under repurchase agreements (3,415) (1,219)
Issuance of stock   32,888
Dividends paid   (376)
Increase in Federal Home Loan Bank advances 10,000 15,000
Net cash provided by financing activities 54,148 132,473
Net (decrease) increase in cash and due from banks (28,851) 39,070
Cash and cash equivalents (including interest-earning deposits) at beginning of period 51,367 12,796
Cash and cash equivalents (including interest-earning deposits) at end of period 22,516 51,866
Cash paid for:    
Interest 6,983 4,303
Income taxes 700 690
Non-cash investing and financing activities:    
Unrealized (loss) gain on available-for-sale securities (1,944) 545
Loans transferred to other real estate owned 2,369 259
Loans originated to facilitate sale of other real estate owned   164
Changes in deferred taxes resulting from other comprehensive income transactions $ (408) 184
Unpaid dividends declared   $ 527