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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities    
Net income $ 5,056 $ 3,096
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,279 1,261
Net premium amortization on available-for-sale securities 397 167
Amortization of subordinated notes issuance costs 13 12
Amortization of core deposit intangible 517 610
Accretion of fair value adjustment on acquired time deposits (96) (150)
Accretion of fair value discounts on acquired loans (993) (1,408)
Provision for loan losses 871 481
Share-based compensation expense 315 115
Net losses on the sale of available-for-sale securities 1  
Increase (decrease) in other real estate owned valuation allowance 423 (33)
Net losses (gains) on sale of other real estate owned 18 (136)
Net losses on the disposition of fixed and other assets 2 18
Decrease in value of mortgage servicing rights 67 18
Originations of loans held for sale (HFS) (42,847) (17,096)
Proceeds from HFS loan sales 43,411 19,039
Gains on HFS sold loans (464) (292)
Increase in cash surrender value of bank owned life insurance (362) (374)
Gain on curtailment of post-retirement benefit plan   (352)
Increase in other assets, deferred tax asset, and accrued interest receivable (2,914) (675)
Increase in other liabilities 4,438 1,487
Net cash provided by operating activities 9,132 5,788
Cash Flows From Investing Activities    
Proceeds from maturities and principal paydowns of available-for-sale securities 3,636 3,477
Proceeds from sales and calls of available-for-sale securities 4,560  
Purchases of available-for-sale securities (5,000) (9,650)
Sales (purchases) of restricted securities, net 916 (963)
Maturities of certificates of deposit 248 248
Decrease in federal funds sold 533 6,764
Net increase in loans (30,300) (89,709)
Proceeds from sale of other real estate owned 1,324 3,159
Net purchases of premises and equipment (167) (2,113)
Net cash used in investing activities (24,250) (88,787)
Cash Flows From Financing Activities    
Net increase in demand, savings, and other interest-bearing demand deposits 23,552 36,435
Net increase in time deposits 28,040 10,997
Stock options exercised, net 9 131
Net increase (decrease) in securities sold under repurchase agreements and other borrowings 164 (3,415)
(Decrease) increase in Federal Home Loan Bank advances (32,000) 10,000
Net cash provided by financing activities 19,765 54,148
Net increase (decrease) in cash and due from banks 4,647 (28,851)
Cash and cash equivalents (including interest-earning deposits) at beginning of period 26,666 51,367
Cash and cash equivalents (including interest-earning deposits) at end of period 31,313 22,516
Cash paid for:    
Interest 11,264 6,983
Income taxes   700
Non-cash investing and financing activities:    
Unrealized gain (loss) on available-for-sale securities 2,109 (1,944)
Changes in deferred taxes resulting from other comprehensive income transactions (443) 408
Loans transferred to other real estate owned 346 2,369
Cumulative effect adjustment of adoption of accounting principle (45)  
Employee stock ownership plan transactions (141) (123)
Director stock grant $ 148 $ 64