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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 323,000 $ 1,065,000
Adjustments to reconcile net income to net cash provided by operating activities:    
(Accretion) amortization of investment premiums, net (11,000) 13,000
Amortization and accretion of purchase loan premiums and discounts 174,000 176,000
Amortization of debt issuance costs 28,000 21,000
Amortization of core deposit intangible 18,000
Provision for loan losses 165,000 185,000
Depreciation and amortization 389,000 350,000
Share-based compensation 48,000 53,000
Decrease (increase) in deferred income taxes 497,000 (855,000)
Changes in assets and liabilities:    
Decrease (increase) in accrued interest and dividends receivable 145,000 (9,000)
(Increase) decrease in other assets (862,000) 102,000
(Decrease) increase in accrued expenses and other liabilities (479,000) 574,000
Net cash provided by operating activities 435,000 1,675,000
Cash Flows from Investing Activities:    
Principal repayments on available-for-sale securities 613,000 463,000
Purchases of available-for-sale securities (1,396,000)
Purchases of Federal Reserve Bank stock (26,000) (24,000)
Redemptions of Federal Home Loan Bank stock 415,000
Increase in originated loans receivable, net (3,481,000) (5,081,000)
Purchases of loans receivable (4,804,000)
Purchase of premises and equipment (9,000) (630,000)
Escrow deposit for pending acquisition (500,000)
Net cash used in investing activities (8,688,000) (5,772,000)
Cash Flows from Financing Activities:    
Increase in deposits, net 9,540,000 17,859,000
Repayments of FHLB borrowings (10,000,000)
Principal repayments of note payable (49,000) (48,000)
Decrease in advances from borrowers for taxes and insurance (1,004,000) (925,000)
Dividends paid on common stock (39,000) (38,000)
Net cash (used) provided by financing activities (1,552,000) 16,848,000
Net (decrease) increase in cash and cash equivalents (9,805,000) 12,751,000
Cash and cash equivalents at beginning of period 66,437,000 48,729,000
Cash and cash equivalents at end of period 56,632,000 61,480,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 3,950,000 1,844,000
Cash paid for income taxes 18,000 125,000
Purchase of premises and equipment 280,000
Increase in accrued expense and other liabilities (280,000)
Initial recognition of operating lease right-of-use assets 3,397,000
Initial recognition of operating lease liabilities 3,444,000
Contingent liability assumed in business combination $ 621,000