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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 10,971 $ 11,229 $ 5,815
Adjustments to reconcile net income to net cash provided in operating activities:      
Depreciation 1,598 1,519 1,448
Premium amortization 2,210 2,447 3,270
Provision for loan losses 139 346 530
Write-downs of other real estate owned 39
Loss (gain) on sale of other real estate owned 3 (24) (235)
Originations of HFS loans (139,640) (114,959) (104,200)
Sales of HFS loans 131,708 116,829 104,814
Amortization of intangibles 523 563 343
Gain on sale of securities 136 [1] (342) [1] 400
Accretion on acquired loans (492) (620) (262)
Writedown of land held for sale 282
Write-down of fixed assets 42 90
Loss on early extinguishment of debt [1] (447)
Gain on sale of fixed assets (123)
(Increase) decrease in other assets (5,229) 441 6,495
Increase in accounts payable 3,054 2,097 157
Net cash (used) provided from operating activities 4,991 20,177 18,351
Cash flows from investing activities:      
Proceeds from sale of securities available-for-sale 44,398 44,299 25,368
Proceeds from sale of securities held-to-maturity 655
Purchase of investment securities available-for-sale (113,064) (64,146) (30,626)
Purchase of investment securities held-to-maturity
Purchase of other investment securities (36)    
Maturity/call of investment securities available-for-sale 40,170 41,564 35,452
Proceeds from sale of other securities 604 250
Increase in loans (18,219) (71,266) (39,944)
Net cash received in business combination 22,385
Proceeds from sale of other real estate owned 47 796 684
Proceeds from sale of fixed assets 301 1,145
Purchase of property and equipment (2,793) (1,465) (3,072)
Purchase of BOLI (1,500)
Net cash used in investing activities (49,196) (47,814) 8,997
Cash flows from financing activities:      
Increase (decrease) in deposit accounts 62,716 37,290 (4,868)
Advances from the Federal Home Loan Bank 82,000 79,000 26,000
Repayment of advances from Federal Home Loan Bank (82,020) (93,019) (36,273)
Increase (decrease) in securities sold under agreements to repurchase 5,274 8,752 (1,106)
Deferred compensation shares 265 19
Restricted shares surrendered (159) (57) (408)
Issuance of restricted stock
Dividend reinvestment plan 570 362 372
Repurchase of common stock (5,636)
Dividends paid on Common Stock (3,306) (3,033) (2,473)
Net cash provided from financing activities 59,629 29,314 (18,756)
Net increase in cash and cash equivalents 15,424 1,677 8,592
Cash and cash equivalents at beginning of period 32,268 30,591 21,999
Cash and cash equivalents at end of period 47,692 32,268 30,591
Cash paid during the period for:      
Interest 5,471 3,592 2,796
Income taxes 2,410 2,215 1,895
Non-cash investing and financing activities:      
Unrealized (loss) gain on securities available-for-sale, net of tax 4,824 (1,890) 942
Transfer of loans to other real estate owned 346 1,275
Recognition of operating lease right of use asset 3,260
Recognition of operating lease liability 3,291
Transfer of investment securities held-to-maturity to available-for-sale $ 16,144
[1] Not within the scope of ASC 606