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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net (loss) income $ (1,305,000) $ 2,870,000
Adjustments to reconcile net income to net cash provided by operating activities:    
(Accretion) amortization of investment (discounts) premiums, net (20,000) 34,000
Amortization and accretion of purchase loan premiums and discounts 702,000 509,000
Amortization of debt issuance costs 84,000 69,000
Amortization of core deposit intangible 56,000 31,000
Amortization of servicing assets of sold SBA loans 10,000
Provision for loan losses 3,202,000 285,000
Depreciation and amortization 1,201,000 1,106,000
Share-based compensation 162,000 163,000
Increase in deferred income taxes (667,000) (246,000)
Origination of SBA loans held for sale (15,208,000) (979,000)
Proceeds from sale of SBA loans held for sale 11,969,000 1,033,000
Gain on sale of SBA loans held for sale, net (864,000) (69,000)
Net loss on sale of other real estate owned 94,000
Changes in assets and liabilities:    
Decrease (increase) in accrued interest and dividends receivable 228,000 (116,000)
(Increase) decrease in other assets (1,779,000) 855,000
Change in contingent consideration (1,284,000)
Increase in accrued expenses and other liabilities 700,000 1,141,000
Net cash (used) provided by operating activities (1,435,000) 5,402,000
Cash Flows from Investing Activities:    
Proceeds from maturity or sales on available-for-sale securities 35,532,000
Principal repayments on available-for-sale securities 2,588,000 1,362,000
Purchases of available-for-sale securities (12,997,000) (17,093,000)
Purchases of Federal Reserve Bank stock (23,000) (331,000)
Redemptions of Federal Home Loan Bank stock 451,000 961,000
Decrease in originated loans receivable, net 4,552,000 15,345,000
Purchases of loans receivable (28,213,000) (37,830,000)
Purchase of premises and equipment (525,000) (1,229,000)
Proceeds from sale of other real estate owned 897,000
Refund of (payment for) escrow deposit related to acquisition activity 500,000 (500,000)
Net cash used in business combination (4,736,000)
Net cash used in investing activities (32,770,000) (8,519,000)
Cash Flows from Financing Activities:    
Increase in deposits, net 18,775,000 35,909,000
Repayments of FHLB borrowings, net (39,800,000)
Proceeds from issuance of subordinated note, net 9,713,000
Principal repayments of note payable (146,000) (144,000)
Decrease in advances from borrowers for taxes and insurance (744,000) (1,170,000)
Dividends paid on common stock (116,000) (116,000)
Payments of contingent consideration (1,284,000)
Net cash provided by financing activities 17,769,000 3,108,000
Net decrease in cash and cash equivalents (16,436,000) (9,000)
Cash and cash equivalents at beginning of period 66,437,000 48,729,000
Cash and cash equivalents at end of period 50,001,000 48,720,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 12,996,000 7,492,000
Cash paid for income taxes 22,000 1,243,000
Non-cash transactions:    
Purchase of premises and equipment 124,000
Increase in accrued expense and other liabilities (124,000)
Transfers of loans receivable to other real estate owned 446,000
Recognition of operating lease right-of-use assets 3,267,000
Recognition of operating lease liabilities (3,364,000)
Accrued rent payable - adoption ASC 842 86,000
Capitalized servicing assets 169,000
Business Combination Non-Cash Disclosures:    
Assets acquired in business combination (net of cash received) 60,492,000
Liabilities acquired in business combination 56,095,000
Contingent liability assumed in business combination $ 621,000 $ 1,761,000