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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 3,547,000 $ 885,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 66,000 97,000
Amortization and accretion of purchase loan premiums and discounts, net to loans 476,000 118,000
Amortization of debt issuance costs 62,000 5,000
(Credit) provision for loan losses (944,000) 2,314,000
Depreciation and amortization 926,000 920,000
Loss on sales of available-for-sale securities 78,000 0
Share-based compensation 105,000 126,000
Deferred income taxes 1,864,000 351,000
Gain on acquisition of OREO (11,000)
Changes in assets and liabilities:    
Increase in accrued interest and dividends receivable (775,000) (298,000)
Increase in other assets (4,000) (426,000)
Decrease in accrued expenses and other liabilities (796,000) (40,000)
Net cash provided by operating activities 4,605,000 4,041,000
Cash Flows from Investing Activities:    
Proceeds from sales on available-for-sale securities 13,846,000 5,000,000
Principal repayments on available-for-sale securities 1,639,000 2,092,000
Purchases of available-for-sale securities (20,576,000) (1,000,000)
Purchases of Federal Reserve Bank stock (351,000)
(Purchases) redemptions of Federal Home Loan Bank stock (744,000) 827,000
Increase in net originations of loans receivable (53,424,000) (57,991,000)
Purchase of loan pools receivable (73,022,000) (18,976,000)
Purchase of premises and equipment (2,880,000) (2,349,000)
Net cash used in investing activities (135,512,000) (72,397,000)
Cash Flows from Financing Activities:    
Increase in deposits, net 76,090,000 26,505,000
(Repayments of) increase in FHLB and correspondent bank borrowings (8,000,000) 3,000,000
Principal repayments of note payable (142,000) (139,000)
Decrease in advances from borrowers for taxes and insurance (877,000) (889,000)
Purchases of treasury stock (2,000) (7,000)
Dividends paid on common stock (39,000) 0
Net cash provided by financing activities 67,030,000 28,470,000
Net decrease in cash and cash equivalents (63,877,000) (39,886,000)
Cash and cash equivalents at beginning of period 92,289,000 85,400,000
Cash and cash equivalents at end of period 28,412,000 45,514,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 4,467,000 2,398,000
Cash paid for income taxes 475,000 253,000
Supplemental Disclosures of Noncash Investing Activities:    
Transfers of loans receivable to other real estate owned $ 840,000