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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities    
Net income $ 7,058 $ 3,878
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,657 1,644
Net premium amortization on available-for-sale securities 396 240
Amortization of subordinated notes issuance costs 40 16
Amortization of core deposit intangible 674 798
Accretion of fair value adjustments on acquired time deposits (123) (186)
Accretion of fair value adjustments (discounts) on acquired loans (1,922) (1,759)
Provision for loan losses 1,182 1,351
Share-based compensation expense 396 102
Deferred income tax expense 408 846
Net loss on sale of available-for-sale securities 1  
Increase in other real estate owned valuation allowance 434 21
Net losses (gains) on sale of other real estate owned 26 (128)
Net losses on the disposition of other assets 3 7
Decrease in value of mortgage servicing rights 42 22
Originations of loans held for sale (HFS) (62,909) (21,451)
Proceeds from HFS loan sales 62,684 23,111
Gain on HFS sold loans (638) (377)
Increase in cash surrender value of bank owned life insurance (481) (497)
Gain on curtailment of post-retirement benefit plan   (352)
Increase in accrued interest receivable and other assets (2,844) (616)
Increase in other liabilities 4,658 810
Net cash provided by operating activities 10,742 7,480
Cash Flows From Investing Activities    
Proceeds from maturities and principal paydowns of available-for-sale securities 5,482 4,365
Proceeds from sales and calls of available-for-sale securities 5,005  
Maturities (purchases) of certificates of deposit 992 (522)
Purchases of available-for-sale securities (25,968) (10,650)
Sales (purchases) of restricted securities, net 1,894 (1,813)
(Increase) decrease in federal funds sold (734) 6,336
Net increase in loans (22,141) (137,562)
Proceeds from sale of other real estate owned 1,665 3,299
Net purchases of premises and equipment (288) (2,350)
Net cash used in investing activities (34,093) (138,897)
Cash Flows From Financing Activities    
Increase in demand, savings, and other interest-bearing deposits 47,018 70,665
Net increase in time deposits 21,353 9,867
Stock options exercised, net 11 149
Net decrease in securities sold under repurchase agreements 269 (3,409)
Purchases of common stock (580) (556)
Issuance of subordinated notes, net of issuance costs 24,068  
(Decrease) increase in Federal Home Loan Bank advances (55,000) 30,000
Net cash provided by financing activities 37,139 106,716
Net increase (decrease) in cash and cash equivalents (including interest-earning deposits) 13,788 (24,701)
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 40,454 26,666
Cash paid for:    
Interest 14,701 10,060
Income taxes   800
Non-cash investing and financing:    
Unrealized gain (loss) on available-for-sale securities 2,137 (966)
Change in fair value of pension and post-retirement benefit plan obligation (353) 749
Changes in deferred taxes resulting from other comprehensive income transactions (375) 46
Loans transferred to other real estate owned 444 2,505
Cumulative effect adjustment of adoption of accounting principle (45)  
Employee stock ownership plan transactions 221 605
Director stock grant $ 148 $ 125