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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net (loss) income $ (6,648) $ 5,056
Adjustments to reconcile net income to net cash provided by operating activities:    
Goodwill impairment charge 10,374  
Depreciation and amortization 1,075 1,279
Net premium amortization on available-for-sale securities 361 397
Amortization of subordinated notes issuance costs 82 13
Amortization of core deposit intangible 425 517
Accretion of fair value adjustment on acquired time deposits (59) (96)
Accretion of fair value adjustments on acquired loans (381) (993)
Provision for loan losses 5,673 871
Share-based compensation expense 333 315
Deferred income tax benefit (590)  
Increase in other real estate owned valuation allowance 290 423
(Gains) losses on sale of other real estate owned (34) 18
Net (gain) loss on the disposition of fixed and other assets (5) 2
Decrease in value of mortgage servicing rights 90 67
Increase in cash surrender value of bank owned life insurance (351) (362)
Net (gains) losses on sales and calls of available-for-sale securities (29) 1
Originations of loans held for sale (HFS) (147,289) (42,847)
Proceeds from HFS loan sales 147,527 43,411
Gain on HFS sold loans (1,694) (464)
Increase in other assets and accrued interest receivable (702) (2,914)
(Decrease) increase in other liabilities (117) 4,438
Net cash provided by operating activities 8,331 9,132
Cash Flows From Investing Activities    
Proceeds from maturities, calls, and principal paydowns of available-for-sale securities 24,921 8,196
Purchases of available-for-sale securities (12,227) (5,000)
Purchases of restricted securities, net 684 916
Maturities of certificates of deposit 1,488 248
Decrease in federal funds sold 1,207 533
Net increase in loans (130,921) (30,300)
Proceeds from sale of other real estate owned 1,093 1,324
Net purchases of premises and equipment (206) (167)
Net cash used in investing activities (113,961) (24,250)
Cash Flows From Financing Activities    
Increase in demand, savings, and other interest-bearing demand deposits 94,304 23,552
Net increase in time deposits 22,996 28,040
Stock options exercised, net 88 9
Net (decrease) increase in securities sold under repurchase agreements and other borrowings (5,431) 164
Shares repurchased pursuant to ESOP (25)  
Decrease in Federal Home Loan Bank advances (20,000) (32,000)
Increase in Federal Reserve Bank advances 32,637  
Net cash provided by financing activities 124,569 19,765
Net increase in cash and due from banks 18,939 4,647
Cash and cash equivalents (including interest-earning deposits) at beginning of period 40,454 26,666
Cash and cash equivalents (including interest-earning deposits) at end of period 59,393 31,313
Cash paid for:    
Interest 9,425 11,264
Income taxes 650  
Non-cash investing and financing activities:    
Unrealized gain on available-for-sale securities 1,425 2,109
Loans transferred to other real estate owned 546 346
Changes in deferred taxes resulting from other comprehensive income transactions (301) (443)
Cumulative effect adjustment of adoption of accounting principle   (45)
Employee stock ownership plan transactions (199) (141)
Director and executive stock grant $ 164 $ 148