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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net income $ 3,196,000 $ 4,147,000 $ 1,930,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of investment premiums, net 15,000 86,000 131,000
Amortization and accretion of purchase loan premiums and discounts 523,000 650,000 219,000
Amortization of debt issuance costs 97,000 82,000 9,000
Provision (credit) for loan losses 1,303,000 (857,000) 2,464,000
Depreciation and amortization 1,486,000 1,269,000 1,209,000
Amortization of core deposit intangible 50,000
Loss on sales of available-for-sale securities (6,000)
Share-based compensation 220,000 146,000 161,000
(Increase) decrease in deferred income taxes (265,000) 2,258,000 1,111,000
Net (gain) loss 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 (270,000) (770,000) (716,000)
Increase in other assets (981,000) (2,000) (657,000)
Increase (decrease) in accrued expenses and other liabilities 211,000 278,000 (1,325,000)
Net cash provided by operating activities 5,585,000 7,290,000 4,525,000
Cash Flows from Investing Activities:      
Proceeds from maturity or sales on available-for-sale securities 37,032,000 16,929,000 7,870,000
Principal repayments on available-for-sale securities 2,267,000 2,361,000
Purchases of available-for-sale securities (18,562,000) (20,576,000) (3,000,000)
Purchases of other investments (513,000) (512,000)
Proceeds from maturity of other investments 512,000
Purchases of Federal Reserve Bank stock (364,000) (393,000) (34,000)
Redemptions (purchases) of Federal Home Loan Bank stock 961,000 (280,000) 961,000
Decrease (increase) in originated loans receivable, net 5,259,000 (63,139,000) (49,373,000)
Purchases of loans receivable (47,074,000) (73,022,000) (52,005,000)
Purchase of premises and equipment (1,142,000) (3,060,000) (3,529,000)
Proceeds from sale of other real estate owned 842,000
Escrow deposit for pending acquisition (500,000)
Net cash used in business combination (5,071,000)
Net cash used in investing activities (27,195,000) (140,850,000) (99,110,000)
Cash Flows from Financing Activities:      
Increase in deposits, net 59,658,000 108,115,000 84,659,000
Repayments of FHLB and correspondent bank borrowings (29,800,000) (18,000,000) 6,000,000
Proceeds from issuance of subordinated note, net 9,709,000
Proceeds from issuance of senior notes, net 11,708,000
Principal repayments of note payable (192,000) (189,000) (185,000)
Decrease in advances from borrowers for taxes and insurance 97,000 153,000 309,000
Purchases of treasury stock (2,000) (1,017,000)
Dividends paid on common stock (154,000) (77,000)
Net cash provided by financing activities 39,318,000 90,000,000 101,474,000
Net decrease in cash and cash equivalents 17,708,000 (43,560,000) 6,889,000
Cash and cash equivalents at beginning of period 48,729,000 92,289,000 85,400,000
Cash and cash equivalents at end of period 66,437,000 48,729,000 92,289,000
Cash paid for interest 11,246 6,424 3,413
Cash paid for income taxes 1,243,000 515,000 360,000
Purchase of premises and equipment 415,000 808,000 1,018,000
Increase in accrued expense and other liabilities (415,000) (808,000) (1,018,000)
Transfers of loans receivable to other real estate owned 1,954,000 840,000
Increase in debt issuance costs 82,000
Increase in accrued expense and other liabilities (82,000)
Business Combination Non-Cash Disclosures      
Assets acquired in business combination (net of cash received) 60,173,000
Liabilities acquired in business combination 56,123,000
Contingent liability assumed in business combination $ 707,000