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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (1,223) $ 5,864
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (318) (73)
Loss (Gain) on sales of foreclosed assets held for resale, including writedowns 13 (66)
Earnings on investment in bank-owned life insurance (347) (264)
Loss (gain) on equity securities 475 (33)
Restricted stock compensation expense 262 126
Depreciation and amortization 959 678
Provision for loan losses 4,000 150
Net amortization of investment securities premiums 125 93
Increase in accrued interest receivable (91) (502)
(Decrease) increase in accrued interest payable (153) 250
Mortgage loans originated for sale (14,302) (3,704)
Proceeds from sales of loans originated for sale 16,290 3,885
Decrease (increase) in other assets 943 (660)
(Increase) decrease in deferred tax expense (221) 110
Increase in other liabilities 2,004 968
Net Cash Provided by Operating Activities 8,416 6,822
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities held to maturity 1,144 1,193
Proceeds from maturities of investment securities available for sale 6,087 2,121
Purchase of investment securities available for sale (42,404) 0
Purchase of equity securities 0 (500)
Redemption (purchase) of restricted investment in bank stocks 1,084 (46)
Net (increase) decrease in loans (5,622) 988
Purchase of bank-owned life insurance (400) (1,500)
Bank acquisition, net of cash acquired 35,262 0
Insurance book- acquisition 0 (50)
Capital expenditures (406) (161)
Proceeds from sales of foreclosed real estate 135 221
Net Cash (Used in) Provided by Investing Activities (5,120) 2,266
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits 16,054 17,957
Net increase in time certificates of deposits and interest bearing deposits 8,985 1,009
Net decrease in short-term borrowings (7,331) (4,889)
Proceeds from long-term borrowings 0 7,000
Repayments on long-term borrowings (4,023) (8,109)
Dividends paid (2,167) (1,621)
Common stock issued 0 13
Net Cash Provided by Financing Activities 11,518 11,360
Net Increase in Cash and Cash Equivalents 14,814 20,448
CASH AND CASH EQUIVALENTS — BEGINNING 114,356 40,905
CASH AND CASH EQUIVALENTS — ENDING 129,170 61,353
Supplemental disclosures of cash flow information    
Interest paid 3,607 1,970
Income taxes paid 0 0
Loans transferred to foreclosed assets held for resale and other foreclosed transactions 118 48
Increase in assets and liabilities:    
Securities 22,167 0
Loans 333,967 0
Premises and equipment 11,682 0
Investment in bank-owned life insurance 10,896 0
Restricted investments in bank stocks 1,141 0
Foreclosed assets held for resale 464 0
Goodwill 22,120 0
Core deposit intangible assets 3,572 0
Other assets 2,970 0
Noninterest bearing deposits 103,492 0
Interest bearing deposits 270,566 0
Trust preferred debentures 6,000 0
Long term borrowings 3,450 0
Other liabilities 2,824 0
Common shares issued $ 57,909 $ 0