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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net income $ 16,978 $ 23,324
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (2,007) (2,296)
Impairment of Tax Credit Investments 2,395 4,094
Provision for loan and lease losses 16,808 2,085
SBA recourse (benefit) provision (278) 188
Derivative credit valuation adjustment 461 0
Depreciation, amortization and accretion, net 3,465 3,049
Share-based compensation 1,871 1,566
Net loss on sale of securities 4 46
Gain on sale of historic development entity state tax credit (275) (413)
Increase in value of bank-owned life insurance policies (1,402) (1,198)
Origination of loans held-for-sale (81,609) (61,348)
Sale of SBA loans originated for sale 81,018 62,889
Gain on sale of loans originated for sale (2,899) (1,459)
Net loss on foreclosed properties, including impairment valuation 383 224
Loan servicing right (recovery) impairment valuation (16) 25
Right-of-use asset impairment 0 299
Excess tax benefit from share-based compensation (32) (102)
Payments on operating lease liabilities (1,557) (1,527)
Payments received on operating leases 113 9
Increase (Decrease) in Accounts Receivable and Other Operating Assets (10,837) (15,159)
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities 4,051 14,689
Net cash provided by operating activities 26,635 28,985
Investing activities    
Proceeds from maturities, redemptions and paydowns of available-for-sale securities 58,290 30,085
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 6,268 4,969
Proceeds from sale of available-for-sale securities 839 22,452
Purchases of available-for-sale securities (66,879) (84,740)
Proceeds from sale of foreclosed properties 2,582 0
Net increase in loans and leases (439,223) (100,444)
Investments in limited partnerships (1,986) (1,250)
Returns of investments in limited partnerships 211 2,188
Investment in historic development entities (3,254) (8,134)
Distribution from historic development entities 30 0
Proceeds from sale of historic development entity state tax credit 2,529 4,340
Investment in Federal Home Loan Bank and Federal Reserve Bank Stock (20,509) (5,943)
Proceeds from the sale of Federal Home Loan Bank Stock 14,884 5,230
Purchases of leasehold improvements and equipment, net (264) (225)
Payment to Acquire Life Insurance Policy, Investing Activities (8,000) 0
Premium payment on bank owned life insurance policies (25) (25)
Net cash used in investing activities (454,507) (131,497)
Financing activities    
Net increase in deposits 325,137 75,080
Repayment of Federal Home Loan Bank advances (1,219,944) (536,500)
Proceeds from Federal Home Loan Bank advances 1,318,700 557,000
Loss on early extinguishment of debt 744 0
Proceeds from issuance of subordinated notes payable 0 15,000
Repayment of subordinated notes payable 0 (15,000)
Payments of the Federal Paycheck Protection Lending Facility, Investing Activities (29,605) 0
Proceeds from the Federal Paycheck Protection Program Lending Facility, Investing Activities 29,605 0
Net increase (decrease) in long-term borrowed funds 300 (48)
Cash dividends paid (5,652) (5,216)
Proceeds from issuance of common stock under the Employee Stock Purchase Plan 66 0
Purchase of treasury stock (1,672) (7,248)
Net cash provided by financing activities 417,679 83,068
Net decrease in cash and cash equivalents (10,193) (19,444)
Cash and cash equivalents at the beginning of the period 67,102 86,546
Cash and cash equivalents at the end of the period 56,909 67,102
Supplementary cash flow information    
Interest paid on deposits and borrowings 18,412 32,999
Income Taxes Paid 3,451 1,294
Increase right-of-use in exchange for operating lease liability 190 0
Transfer of loans to foreclosed properties $ 80 $ 596