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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 33,878 $ 14,139 $ 15,872
Adjustments to reconcile net income to net cash from operating activities      
Security amortization, net 1,185 1,171 1,263
Depreciation 2,240 1,515 1,249
Amortization of core deposit intangible 945 366 586
Amortization of net deferred loan fees 99 166 317
Net (gain) loss on sale of securities (32) 413 (12)
Net gain on equity securities (121) (26)  
Provision for loan losses 1,035 780  
Loans originated for sale (126,690) (78,252) (76,493)
Proceeds from sale of loans 128,503 81,085 78,309
Net gain on sale of loans (2,707) (1,621) (1,745)
Net (gain) loss on sale of other real estate owned   (18) 28
(Gain) loss on sale of fixed assets 33 (147) (67)
Increase in cash surrender value of bank owned life insurance (1,007) (718) (573)
Share-based compensation 531 428 426
Change in Accrued interest payable 47 (197) 229
Accrued interest receivable (370) (1,285) (634)
Deferred taxes 663 151 946
Other, net 1,294 2,007 1,118
Net cash from operating activities 39,526 19,957 20,819
Cash flows used for investing activities:      
Maturities, prepayments and calls of securities, available for sale 54,055 42,114 34,379
Sales of securities, available for sale 17,570 14,667 953
Purchases of securities, available for sale (71,646) (131,924) (70,794)
Purchases of other securities   (3,247) (192)
Redemption of other securities 741    
Acquisition, net of cash acquired   143,797  
Purchases of bank owned life insurance (955)    
Net loan originations (147,075) (99,277) (109,737)
Proceeds from sale of OREO properties   34 87
Premises and equipment purchases (3,201) (1,472) (1,015)
Proceeds from sale of premises and equipment 2 1,190 139
Net cash used for investing activities (150,509) (34,118) (146,180)
Cash flows from financing activities:      
Increase (decrease) in deposits 98,871 (100,974) 83,820
Net change in short-term FHLB advances (87,100) 131,700 25,900
Repayment of long-term FHLB advances (5,000) (10,000) (2,500)
Proceeds from long-term FHLB advances 125,000    
Net proceeds from issuance of common stock     32,821
Increase (decrease) in securities sold under repurchase agreements (3,525) 444 (7,170)
Cash payment for repurchase of common stock (3,909)   (4)
Cash payment for redemption of series B preferred stock (402)    
Cash paid on fractional shares on preferred stock conversion (2)    
Cash dividends paid (7,194) (4,749) (3,682)
Net cash from financing activities 116,739 16,421 129,185
Increase in cash and due from financial institutions 5,756 2,260 3,824
Cash and due from financial institutions at beginning of year 42,779 40,519 36,695
Cash and due from financial institutions at end of year 48,535 42,779 40,519
Supplemental disclosures of cash flow information:      
Interest paid 12,907 7,751 3,863
Income taxes paid 5,700 1,600 5,950
Transfer of loans from portfolio to other real estate owned     94
Transfer of premises to held-for-sale 76   3
Transfer of loans held-for-sale to portfolio   85  
Securities purchased not settled 1,200 500 1,291
Conversion of preferred stock to common stock $ 8,960 7,994 $ 1,592
Acquisition of UCB      
Consideration paid   117,344  
Noncash assets acquired:      
Securities available for sale   43,214  
Equity securities   212  
Loans held for sale   492  
Loans receivable   298,319  
FHLB Stock   3,527  
Accrued interest receivable   950  
Premises and equipment, net   5,291  
Goodwill   49,756  
Core deposit intangible   7,518  
Bank owned life insurance   17,193  
Other assets   10,361  
Total non cash assets acquired   436,833  
Liabilities assumed:      
Deposits   475,944  
Other liabilities   17  
Total liabilities assumed   475,961  
Net noncash liabilities acquired   (39,128)  
Cash acquired   $ 156,472