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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 15,613,000 $ 7,171,000 $ 7,333,000
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses 4,000,000 0 35,000
Depreciation 2,721,000 1,610,000 1,183,000
Amortization 4,985,000 1,517,000 893,000
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 512,000 373,000 344,000
Net gains on sales of securities (1,308,000) (22,000) (34,000)
Net change in market value of equity securities 155,000 0 (71,000)
Gains on sales of loans (11,313,000) (1,951,000) (1,003,000)
Loans originated for sale (326,286,000) (63,920,000) (33,555,000)
Proceeds from loan sales 325,306,000 62,763,000 34,872,000
Earnings on bank-owned life insurance (772,000) (485,000) (385,000)
Proceeds from BOLI policy 0 605,000 0
Earnings on death benefit from bank-owned life insurance 0 (288,000) 0
(Gains) on sales of other real estate owned (64,000) (54,000) (79,000)
Write downs of ORE 80,000 0 0
Proceeds from sales of other real estate owned 1,384,000 938,000 515,000
Costs capitalized to other real estate (19,000) 0 0
Deferred federal income tax expense 202,000 310,000 209,000
Net change in:      
Other assets (3,186,000) 2,128,000 (875,000)
Changes in other liabilities (3,532,000) (1,493,000) 573,000
Net cash provided by operating activities 8,478,000 9,202,000 9,955,000
Cash flows from investing activities:      
Sales of securities available for sale 121,942,000 178,450,000 2,634,000
Sales of equity securities 0 463,000 91,000
Maturities, prepayments and calls of securities available for sale 48,787,000 47,816,000 13,443,000
Purchases of securities available for sale (375,670,000) (209,763,000) (31,450,000)
Purchase of Federal Reserve Bank stock 0 (1,000) 0
Loan originations and payments, net (79,594,000) (485,000) (24,366,000)
Additions to premises and equipment (1,852,000) (766,000) (4,207,000)
Net cash (used in)/provided by investing activities (250,751,000) 36,352,000 (43,855,000)
Cash flows from financing activities:      
Net change in deposits 292,145,000 3,986,000 37,162,000
Net change in repurchase agreements 0 0 (7,148,000)
Net change in fed funds purchased 0 (8,600,000) 4,800,000
Proceeds from borrowings 10,050,000 115,000,000 128,500,000
Payments on borrowings (33,921,000) (110,035,000) (143,535,000)
Repurchase of common stock 0 (67,000) (523,000)
Issuance of common stock 134,000 142,000 77,000
Cash dividends and fractional shares from merger (6,174,000) (5,815,000) (2,580,000)
Cash related to equity issuance for merger 0 (297,000) 0
Net cash provided by/(used in) financing activities 262,234,000 (5,686,000) 16,753,000
Net change in cash and cash equivalents 19,961,000 39,868,000 (17,147,000)
Beginning cash 59,558,000 19,690,000 36,837,000
Ending cash 79,519,000 59,558,000 19,690,000
Supplemental disclosures of cash flow information:      
Cash paid for interest 4,872,000 4,500,000 2,300,000
Cash paid for income taxes 5,001,000 1,035,000 850,000
Loans transferred to other real estate owned 372,000 347,000 432,000
Community Shores Bank Corporation [Member]      
Cash flows from investing activities:      
Cash received from merger 35,636,000 0 0
County Bank Corp [Member]      
Cash flows from investing activities:      
Cash received from merger $ 0 $ 20,638,000 $ 0