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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Cash flows from operating activities      
Net income $ 5,904 $ 18,216 $ 17,433
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Net amortization (accretion) of premiums and discounts on investment securities 95 (368) (54)
Provision for loan losses 7,605 437 3,440
(Credit) provision for deferred income taxes (3,516) 276 1,284
Net gain on sales of available for sale securities 0 (76) (222)
Change in fair value of marketable equity securities (54) (66) 0
Depreciation and amortization 3,276 3,377 1,732
Impairment of right-of-use asset 280 0 0
Amortization of debt issuance costs 52 52 52
Increase in cash surrender value of bank-owned life insurance (967) (1,008) (1,057)
Gains and fees from sales of loans (43) (1,791) (984)
Stock-based compensation 1,770 1,020 1,290
Net amortization of purchase accounting adjustments 138 76 239
Loss on sale of premises and equipment 35 10 44
(Gain) loss on sale and write-downs of other real estate owned, net (19) 102 0
Write down of assets held for sale 1,652 0 0
Net change in:      
Deferred loan fees 809 (360) (745)
Accrued interest receivable (620) 416 (465)
Other assets (19,582) (12,883) (1,008)
Accrued expenses and other liabilities 1,673 (799) (1,002)
Net cash (used in) provided by operating activities (1,512) 6,631 19,977
Cash flows from investing activities      
Proceeds from principal repayments on available for sale securities 14,522 9,881 9,430
Proceeds from principal repayments on held to maturity securities 238 226 180
Net proceeds from sales and calls of available for sale securities 2,200 16,455 12,377
Net proceeds from sales and calls of held to maturity securities 0 4,900 0
Purchases of available for sale securities (20,636) (12,270) (24,379)
Purchases of marketable equity securities (35) (43) (2,003)
Net increase in loans (21,426) (3,359) (68,923)
Loan principal sold from loans not originated for sale (2,265) (25,510) (8,980)
Proceeds from sales of loans not originated for sale 2,307 27,301 9,964
Disposals (purchases) of premises and equipment, net 3,337    
Disposals (purchases) of premises and equipment, net   (645) (3,351)
(Purchase) reduction of Federal Home Loan Bank stock (385)    
(Purchase) reduction of Federal Home Loan Bank stock   635 1,073
Proceeds from sale of other real estate owned 199 1,115 0
Net cash (used in) provided by investing activities (21,944) 18,686 (74,612)
Cash flows from financing activities      
Net change in time certificates of deposit 89 12,419 (16,541)
Net change in other deposits 335,324 (22,760) 120,380
Net change in FHLB advances 25,000 (10,000) (39,000)
Proceeds from exercise of warrants 0 0 400
Proceeds from exercise of options 16 30 536
Dividends paid on common stock (4,389) (4,079) (3,759)
Repurchase of common stock (1,037) (988) 0
Net cash provided by (used in) financing activities 355,003 (25,378) 62,016
Net increase (decrease) in cash and cash equivalents 331,547 (61) 7,381
Cash and cash equivalents:      
Beginning of year 78,051 78,112 70,731
End of period 409,598 78,051 78,112
Cash paid for:      
Interest 23,044 23,937 18,662
Income taxes 4,030 2,893 3,685
Noncash investing and financing activities      
Loans transferred to other real estate owned 180 1,217 0
Transfer of Tangible Assets, to Held for Sale 4,265 0 0
Net change in unrealized losses or gains on available-for-sale securities 2,355 2,921 (1,854)
Net change in unrealized losses or gains on interest rate swaps (12,876) (11,121) (1,604)
Establishment of right-of-use-asset and lease liability 169 11,493 $ 0
ASU 2016-02 transition adjustment, net of tax 70,839 69,324  
Accounting Standards Update     us-gaap:AccountingStandardsUpdate201602Member
Cumulative Effect, Period of Adoption, Adjustment      
Noncash investing and financing activities      
ASU 2016-02 transition adjustment, net of tax $ 0 $ 481 $ 0