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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Reconciliation of net income to net cash provided by operating activities:    
Net income $ 8,011 $ 6,074
Depreciation 321 224
Provision for loan losses 1,020 639
Net amortization of premium of securities 178 281
Net amortization of deferred loan costs and purchase premiums 293 657
Net accretion of acquisition accounting adjustments 310  
Amortization of subordinated debt issuance costs 40 40
Stock-based compensation expense 272 350
BOLI income (215) (219)
Core deposits intangible amortization 198 10
Changes in assets and liabilities:    
Increase in accrued interest receivable, prepaid expenses and other assets (3,415) (3,014)
Increase (decrease) in accrued interest payable, accrued expenses and other liabilities 1,892 (230)
Net cash provided by operating activities 8,905 4,812
Cash Flows From Investing Activities    
Decrease (increase) in interest-bearing deposits at other financial institutions 4,911 (15,595)
Purchases of securities available-for-sale (16,535) (11,815)
Proceeds from redemptions of securities available-for-sale 8,919 8,130
Net purchase of restricted stock (80) (362)
Net increase in loans (98,573) (67,687)
Proceeds from sale of OREO 358  
Purchases of BOLI (10,000)  
Purchases of premises and equipment, net (99) (389)
Net cash used in investing activities (111,099) (87,718)
Cash Flows From Financing Activities    
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits 50,358 126,572
Net increase (decrease) in time deposits 56,734 (45,839)
Common stock issuance 868 1,055
Net cash provided by financing activities 107,960 81,788
Net increase (decrease) in cash and cash equivalents 5,766 (1,118)
Cash and cash equivalents, beginning of year 9,435 7,428
Cash and cash equivalents, end of year $ 15,201 $ 6,310