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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 4,147,000 $ 1,930,000 $ 2,143,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of investment premiums, net 86,000 131,000 188,000
Amortization and accretion of purchase loan premiums and discounts, net to loans 650,000 219,000 218,000
Amortization of debt issuance costs 82,000 9,000 7,000
(Credit) provision for loan losses (857,000) 2,464,000 250,000
Loss on disposal of fixed assets 133,000
Depreciation and amortization 1,269,000 1,209,000 1,039,000
Gain on sales of available-for-sale securities (6,000)
Share-based compensation 146,000 161,000 461,000
Deferred income taxes 2,258,000 1,111,000 1,083,000
Net loss (gain) on sale or acquisition of other real estate owned 9,000 (11,000)
Changes in assets and liabilities:      
Increase in accrued interest and dividends receivable (770,000) (716,000) (92,000)
(Increase) decrease in other assets (2,000) (657,000) 18,000
Increase (decrease) in accrued expenses and other liabilities 278,000 (1,325,000) 225,000
Net cash provided by operating activities 7,290,000 4,525,000 5,673,000
Cash Flows from Investing Activities:      
Proceeds from sales on available-for-sale securities 16,929,000 7,870,000 6,322,000
Principal repayments on available-for-sale securities 2,361,000
Purchases of available-for-sale securities (20,576,000) (3,000,000) (2,000,000)
Purchases of Federal Reserve Bank stock (393,000) (34,000) (17,000)
(Purchases) redemptions of Federal Home Loan Bank stock (280,000) 961,000 58,000
Increase in net originations of loans receivable (63,139,000) (49,373,000) (7,611,000)
Purchase of loan pools receivable (73,022,000) (52,005,000)
Purchase of premises and equipment (3,060,000) (3,529,000) (6,236,000)
Proceeds from sale of other real estate owned 842,000
Net cash used in investing activities (140,338,000) (99,110,000) (9,484,000)
Cash Flows from Financing Activities:      
Increase in deposits, net 108,115,000 84,659,000 4,014,000
(Repayments of) increase in FHLB and correspondent bank borrowings (18,000,000) 6,000,000 12,000,000
Proceeds from issuance of senior notes, net 11,708,000
Principal repayments of note payable (189,000) (185,000) (61,000)
Decrease in advances from borrowers for taxes and insurance 153,000 309,000
Purchases of treasury stock (2,000) (1,017,000)
Dividends paid on common stock (77,000)
Net cash provided by financing activities 90,000,000 101,474,000 15,953,000
Net (decrease) increase in cash and cash equivalents (43,048,000) 6,889,000 12,142,000
Cash and cash equivalents at beginning of period 92,289,000 85,400,000 73,258,000
Cash and cash equivalents at end of period 49,241,000 92,289,000 85,400,000
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 6,424,000 3,413,000 2,325,000
Cash paid for income taxes 515,000 360,000 3,000
Purchase of premises and equipment 808,000 1,018,000 2,000,000
Increase in notes payable (2,000,000)
Increase in accrued expense and other liabilities (808,000) (1,018,000)
Transfers of loans receivable to other real estate owned 840,000
Increase in debt issuance costs 82,000
Increase in accrued expense and other liabilities $ (82,000)