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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 7,684 $ 3,123
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,775 0
Depreciation 1,386 700
Amortization 2,021 445
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 183 145
Net gains on sales of securities (1,343) (3)
Net change in market value of equity securities (54) (266)
Gains on sales of loans (4,739) (735)
Loans originated for sale (101,844) (11,166)
Proceeds from loan sales 97,601 10,110
Earnings on bank-owned life insurance (384) (191)
(Gains)/losses on sales of other real estate owned (3) (15)
Proceeds from sales of other real estate owned 139 104
Costs capitalized to other real estate (19) 0
Deferred federal income tax (benefit)/expense (307) 94
Net change in:    
Other assets (8,564) 160
Other liabilities 1,169 (49)
Net cash (used in)/provided by operating activities (5,299) 2,456
Cash flows from investing activities:    
Sales of securities available for sale 92,979 0
Maturities, prepayments and calls of securities available for sale 26,635 17,581
Purchases of securities available for sale (144,856) (9,755)
Purchase of Federal Reserve Bank stock 0 (1)
Loan originations and payments, net (105,154) 3,457
Additions to premises and equipment (928) (323)
Net cash (used in)/provided by investing activities (131,324) 10,959
Cash flows from financing activities:    
Net change in deposits 169,706 (15,239)
Net change in fed funds purchased 0 (2,800)
Proceeds from borrowings 10,000 75,000
Payments on borrowings (33,019) (75,017)
Issuance of common stock 69 88
Cash dividends (2,900) (1,450)
Net cash provided by/(used in) financing activities 143,856 (19,418)
Net change in cash and cash equivalents 7,233 (6,003)
Beginning cash and cash equivalents 59,558 19,690
Ending cash and cash equivalents 66,791 13,687
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,672 2,043
Cash paid for income taxes 1,351 185
Loans transferred to other real estate owned $ 42 $ 347