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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 1,730,000 $ 653,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 35,000 32,000
Amortization and accretion of purchase loan premiums and discounts, net to loans 127,000 28,000
Amortization of debt issuance costs 20,000 2,000
(Credit) Provision for Loan Losses (1,749,000) 0
Depreciation and amortization 272,000 299,000
Loss on sales of available-for-sale securities 78,000 0
Share-based compensation 43,000 154,000
Deferred income taxes 878,000 387,000
Changes in assets and liabilities:    
Increase in accrued interest and dividends receivable (337,000) (65,000)
Increase in other assets (133,000) (404,000)
Decrease in accrued expenses and other liabilities (451,000) (62,000)
Net cash provided by operating activities 513,000 1,024,000
Cash Flows from Investing Activities:    
Proceeds from sales on available-for-sale securities 9,000,000 0
Principal repayments on available-for-sale securities 807,000 666,000
Purchases of available-for-sale securities (11,500,000) 0
Purchases of Federal Reserve Bank stock (249,000) (24,000)
Redemptions of Federal Home Loan Bank stock 120,000
Decrease (increase) in net originations of loans receivable 26,463,000 (837,000)
Purchase of loan pools receivable (72,889,000) 0
Purchase of premises and equipment (955,000) (667,000)
Net cash used in investing activities (49,203,000) (862,000)
Cash Flows from Financing Activities:    
Increase (decrease) in deposits, net 31,635,000 (21,410,000)
(Repayments of) proceeds from FHLB and correspondent bank borrowings (14,000,000) 2,900,000
Principal repayments of note payable (47,000) (46,000)
Decrease in advances from borrowers for taxes and insurance (921,000) 0
Net cash provided by (used in) financing activities 16,667,000 (18,556,000)
Net decrease in cash and cash equivalents (32,023,000) (18,394,000)
Cash and cash equivalents at beginning of year 92,289,000 85,400,000
Cash and cash equivalents at end of year 60,266,000 67,006,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 1,143,000 630,000
Cash paid for income taxes 0 0
Supplemental Disclosures of Noncash Investing Activities:    
Receivable recorded for securities sold, not settled $ 4,968,000