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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 11,513 $ 4,144
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 3,000 0
Depreciation 2,026 1,054
Amortization 3,377 672
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 337 428
Net gains on sales of securities (1,308) (22)
Net change in market value of equity securities 184 (119)
Gains on sales of loans (8,356) (1,373)
Loans originated for sale (277,281) (40,215)
Proceeds from loan sales 251,554 40,527
Earnings on bank-owned life insurance (577) (290)
(Gains)/losses on sales of other real estate owned 7 (22)
Proceeds from sales of other real estate owned 983 187
Costs capitalized to other real estate (19) 0
Deferred federal income tax (benefit)/expense (1,257) 94
Net change in:    
Other assets (4,323) (290)
Other liabilities (116) 645
Net cash (used in)/provided by operating activities (20,256) 5,420
Cash flows from investing activities:    
Sales of securities available for sale 121,944 1,233
Maturities, prepayments and calls of securities available for sale 37,587 29,478
Purchases of securities available for sale (183,109) (13,904)
Purchase of Federal Reserve Bank stock 0 (1)
Loan originations and payments, net (108,485) (7,870)
Additions to premises and equipment (1,552) (457)
Cash received from merger with Community Shores Bank Corporation, net of cash paid 35,636 0
Net cash (used in)/provided by investing activities (97,979) 8,479
Cash flows from financing activities:    
Net change in deposits 203,937 (2,940)
Net change in fed funds purchased 0 (4,800)
Proceeds from borrowings 10,000 85,000
Payments on borrowings (33,028) (90,026)
Issuance of common stock 110 107
Cash dividends (4,459) (4,356)
Net cash provided by/(used in) financing activities 176,560 (17,015)
Net change in cash and cash equivalents 58,325 (3,116)
Beginning cash and cash equivalents 59,558 19,690
Ending cash and cash equivalents 117,883 16,574
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,778 3,000
Cash paid for income taxes 3,608 350
Loans transferred to other real estate owned $ 372 $ 325