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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net (loss) income $ (1,332,000) $ 2,101,000
Adjustments to reconcile net income to net cash provided by operating activities:    
(Accretion) amortization of investment premiums, net (22,000) 25,000
Amortization and accretion of purchase loan premiums and discounts 463,000 352,000
Amortization of debt issuance costs 56,000 41,000
Amortization of core deposit intangible 37,000 18,000
Provision for loan losses 3,102,000 235,000
Depreciation and amortization 790,000 716,000
Share-based compensation 103,000 107,000
Increase in deferred income taxes (361,000) (497,000)
Origination of SBA loans held for sale (13,077,000) (731,000)
Proceeds from sale of SBA loans held for sale 9,617,000 803,000
Gain on sale of SBA loans held for sale, net (823,000) (66,000)
Net loss on sale or acquisition of other real estate owned 14,000
Changes in assets and liabilities:    
Decrease in accrued interest and dividends receivable 88,000 190,000
(Increase) decrease in other assets (1,373,000) 871,000
(Decrease) increase in accrued expenses and other liabilities (275,000) 230,000
Net cash (used) provided by operating activities (2,993,000) 4,395,000
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 1,422,000 859,000
Purchases of available-for-sale securities (5,396,000)
Purchases of Federal Reserve Bank stock (56,000) (62,000)
Redemptions of Federal Home Loan Bank stock 415,000 82,000
Increase in originated loans receivable, net (8,029,000) (16,442,000)
Purchases of loans receivable (26,088,000)
Purchase of premises and equipment (417,000) (1,067,000)
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) provided in investing activities (36,752,000) 13,666,000
Cash Flows from Financing Activities:    
Increase in deposits, net 24,285,000 28,689,000
Repayments of FHLB borrowings, net (19,800,000)
Proceeds from issuance of subordinated note, net 9,576,000
Principal repayments of note payable (97,000) (96,000)
Decrease in advances from borrowers for taxes and insurance 313,000 47,000
Dividends paid on common stock (77,000) (77,000)
Net cash provided by financing activities 24,424,000 18,339,000
Net (decrease) increase in cash and cash equivalents (15,321,000) 36,400,000
Cash and cash equivalents at beginning of period 66,437,000 48,729,000
Cash and cash equivalents at end of period 51,116,000 85,129,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 8,761,000 4,205,000
Cash paid for income taxes 22,000 1,243,000
Purchase of premises and equipment 187,000
Increase in accrued expense and other liabilities (187,000)
Recognition of operating lease right-of-use assets 3,342,000
Recognition of operating lease liabilities (3,424,000)
Accrued rent payable - adoption ASC 842 71,000
Accrued liability for OREO sale 80,000
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