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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 $ 32,192,000 $ 33,878,000 $ 14,139,000
Adjustments to reconcile net income to net cash from operating activities      
Security amortization, net 1,119,000 1,185,000 1,171,000
Depreciation 2,253,000 2,240,000 1,515,000
Amortization of core deposit intangible 913,000 945,000 366,000
Amortization of net deferred loan fees (5,511,000) (99,000) (166,000)
Net (gain) loss on sale of securities (94,000) (32,000) 413,000
Net (gain) loss on equity securities 57,000 (121,000) (26,000)
Provision for loan losses 10,112,000 1,035,000 780,000
Loans originated for sale (308,742,000) (126,690,000) (78,252,000)
Proceeds from sale of loans 312,589,000 128,503,000 81,085,000
Net gain on sale of loans (8,563,000) (2,707,000) (1,621,000)
Increase in cash surrender value of bank owned life insurance (977,000) (1,007,000) (718,000)
Share-based compensation 617,000 531,000 428,000
Change in Accrued interest payable (73,000) 47,000 (197,000)
Accrued interest receivable (2,328,000) (370,000) (1,285,000)
Deferred taxes (2,277,000) 663,000 151,000
Other, net 920,000 1,327,000 1,842,000
Net cash from operating activities 32,207,000 39,328,000 19,625,000
Cash flows used for investing activities:      
Maturities, prepayments and calls of securities, available for sale 58,246,000 54,055,000 42,114,000
Sales of securities, available for sale 1,455,000 17,570,000 14,667,000
Purchases of securities, available for sale (54,850,000) (71,646,000) (131,924,000)
Purchases of other securities (257,000)   (3,247,000)
Redemption of other securities   741,000  
Redemption of equity securities 247,000    
Acquisition, net of cash acquired     143,797,000
Purchases of bank owned life insurance   (955,000)  
Net loan originations (342,903,000) (146,877,000) (98,945,000)
Proceeds from sale of OREO properties     34,000
Premises and equipment purchases (1,972,000) (3,201,000) (1,472,000)
Proceeds from sale of premises and equipment 12,000 2,000 1,190,000
Net cash used for investing activities (340,022,000) (150,311,000) (33,786,000)
Cash flows from financing activities:      
Increase (decrease) in deposits 510,634,000 98,871,000 (100,974,000)
Net change in short-term FHLB advances (101,500,000) (87,100,000) 131,700,000
Repayment of long-term FHLB advances   (5,000,000) (10,000,000)
Proceeds from long-term FHLB advances   125,000,000  
Repayment of other borrowings (183,695,000)    
Proceeds from other borrowings 183,695,000    
Increase (decrease) in securities sold under repurchase agreements 10,240,000 (3,525,000) 444,000
Cash payment for redemption of series B preferred stock   (402,000)  
Purchase of treasury stock (13,454,000) (3,909,000)  
Cash paid on fractional shares on preferred stock conversion   (2,000)  
Cash dividends paid (7,118,000) (7,194,000) (4,749,000)
Net cash from financing activities 398,802,000 116,739,000 16,421,000
Increase in cash and due from financial institutions 90,987,000 5,756,000 2,260,000
Cash and cash equivalents at beginning of year 48,535,000 42,779,000 40,519,000
Cash and cash equivalents at end of year 139,522,000 48,535,000 42,779,000
Supplemental disclosures of cash flow information:      
Interest paid 10,211,000 12,907,000 7,751,000
Income taxes paid 7,095,000 5,700,000 1,600,000
Transfer of loans from portfolio to other real estate owned $ 31,000    
Transfer of premises to held-for-sale   76,000  
Transfer of loans held-for-sale to portfolio     85,000
Securities purchased not settled   1,200,000 500,000
Conversion of preferred stock to common stock   $ 8,960,000 7,994,000
Acquisition of UCB      
Consideration paid     117,344,000
Noncash assets acquired:      
Securities available for sale     43,214,000
Equity securities     212,000
Loans held for sale     492,000
Loans receivable     298,319,000
FHLB Stock     3,527,000
Accrued interest receivable     950,000
Premises and equipment, net     5,291,000
Goodwill     49,756,000
Core deposit intangible     7,518,000
Bank owned life insurance     17,193,000
Other assets     10,361,000
Total non cash assets acquired     436,833,000
Liabilities assumed:      
Deposits     475,944,000
Other liabilities     17,000
Total liabilities assumed     475,961,000
Net noncash liabilities acquired     (39,128,000)
Cash acquired     $ 156,472,000