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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net loss $ (2,437,000) $ (1,305,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Amortization (accretion) of investment premiums (discounts), net 168,000 (20,000)
Amortization and accretion of purchase loan premiums and discounts 589,000 702,000
Amortization of debt issuance costs 84,000 84,000
Amortization of core deposit intangible 56,000 56,000
Amortization of servicing assets of sold SBA loans 15,000 10,000
Provision for loan losses 1,799,000 3,202,000
Depreciation and amortization 1,144,000 1,201,000
Share-based compensation 123,000 162,000
Increase in deferred income taxes (883,000) (667,000)
Originations of SBA loans held for sale (1,694,000) (15,208,000)
Proceeds from sale of SBA loans held for sale 6,096,000 11,969,000
Gains on sale of SBA loans held for sale, net (464,000) (864,000)
Net loss on sale of other real estate owned 21,000 94,000
Changes in assets and liabilities:    
(Increase) decrease in accrued interest and dividends receivable (3,231,000) 228,000
Increase in other assets (674,000) (1,779,000)
(Decrease) increase in accrued expenses and other liabilities (1,465,000) 700,000
Net cash used in operating activities (753,000) (1,435,000)
Cash Flows from Investing Activities:    
Principal repayments on available-for-sale securities 6,674,000 2,588,000
Purchases of available-for-sale securities (6,541,000) (12,997,000)
Redemption (purchases) of Federal Reserve Bank stock 114,000 (23,000)
(Purchases) redemptions of Federal Home Loan Bank stock (26,000) 451,000
Decrease in originated loans receivable, net 95,464,000 4,552,000
Purchases of loans receivable (31,525,000) (28,213,000)
Purchases of premises and equipment (158,000) (525,000)
Proceeds from sale of other real estate owned 425,000 897,000
Refund of escrow deposit related to acquisition activity 500,000
Net cash provided by (used in) investing activities 64,427,000 (32,770,000)
Cash Flows from Financing Activities:    
(Decrease) increase in deposits, net (92,102,000) 18,775,000
Purchases of deposits 49,998,000
Repayments of FHLB borrowings (10,000,000)
Principal repayments of note payable (149,000) (146,000)
Decrease in advances from borrowers for taxes and insurance (1,189,000) (744,000)
Dividends paid on common stock (116,000)
Net cash (used in) provided by financing activities (53,442,000) 17,769,000
Net increase (decrease) in cash and cash equivalents 10,232,000 (16,436,000)
Cash and cash equivalents at beginning of period 39,404,000 66,437,000
Cash and cash equivalents at end of period 49,636,000 50,001,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 12,237,000 12,996,000
Cash (refund) paid for income taxes, net (193,000) 22,000
Non-cash transactions:    
Purchase of premises and equipment 50,000 124,000
Increase in accrued expense and other liabilities (50,000) (124,000)
Transfers of loans receivable to other real estate owned 446,000
Transfers of loans receivable to loans held for sale 5,022,000
Operating lease right-of-use assets 57,000 3,267,000
Operating lease liabilities (57,000) (3,364,000)
Accrued liability for OREO sale 86,000
Capitalized servicing assets 115,000 169,000
Contingent liability assumed in business combination 621,000
SBA CARES Act Paycheck Protection Program [Member]    
Non-cash transactions:    
Transfers of SBA loans held for sale to loans receivable 9,542,000
Interest Rate Swap [Member]    
Non-cash transactions:    
Increase in interest rate swaps assets 609,000
Increase in interest rate swaps liabilities $ (609,000)