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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 2,534 $ 71
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 53 35
Amortization and accretion of purchase loan premiums and discounts, net to loans 260 8
Amortization of debt issuance costs 41 3
Provision (Credit) for Loan Losses (1,489) 1,959
Depreciation and amortization 590 616
Loss on sales of available-for-sale securities 78 0
Share-based compensation 68 308
Deferred income taxes 1,339 (117)
Gain on acquisition of OREO (11)
Changes in assets and liabilities:    
Increase in accrued interest and dividends receivable (482) (110)
Increase in other assets (184) (344)
(Decrease) increase in accrued expenses and other liabilities (1,061) 231
Net cash provided by operating activities 1,747 2,649
Cash Flows from Investing Activities:    
Proceeds from sales on available-for-sale securities 13,848 5,031
Principal repayments on available-for-sale securities 1,244 1,389
Purchases of available-for-sale securities (15,567) 0
Purchases of Federal Reserve Bank stock (315) (48)
(Purchases) redemptions of Federal Home Loan Bank stock (224) 711
Increase in net originations of loans receivable (21,911) (45,125)
Purchase of loan pools receivable (73,022) 0
Purchase of premises and equipment (2,302) (1,167)
Net cash used in investing activities (98,249) (39,209)
Cash Flows from Financing Activities:    
Increase in deposits, net 32,715 1,656
(Repayments of) FHLB and correspondent bank borrowings (18,000) (4,000)
Principal repayments of note payable (94) (93)
Increase in advances from borrowers for taxes and insurance 435 84
Net cash provided by (used in) financing activities 15,056 (2,353)
Net decrease in cash and cash equivalents (81,446) (38,913)
Cash and cash equivalents at beginning of year 92,289 85,400
Cash and cash equivalents at end of year 10,843 46,487
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 2,974 1,173
Cash paid for income taxes 375 0
Supplemental Disclosures of Noncash Investing Activities:    
Transfers of loans receivable to other real estate owned $ 840