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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income (loss) $ (2,817,000) $ 3,196,000 $ 4,147,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of investment premiums, net 7,000 15,000 86,000
Amortization and accretion of purchase loan premiums and discounts 997,000 523,000 650,000
Amortization of debt issuance costs 112,000 97,000 82,000
Amortization of core deposit intangible 75,000 50,000
Amortization of servicing assets of sold SBA loans 16,000
Provision (credit) for loan losses 4,971,000 1,303,000 (857,000)
Depreciation and amortization 1,600,000 1,486,000 1,269,000
Loss on sales of available-for-sale securities (6,000)
Share-based compensation 214,000 220,000 146,000
(Increase) decrease in deferred income taxes (1,136,000) (265,000) 2,258,000
Originations of SBA loans held for sale (26,947,000) (2,254,000)
Proceeds from sale of SBA loans held for sale 12,556,000 2,096,000
Gains on sale of SBA loans held for sale, net (891,000) (155,000)
Net loss on sale of other real estate owned 94,000 9,000
Changes in assets and liabilities:      
Decrease (increase) in accrued interest and dividends receivable 163,000 (270,000) (770,000)
Increase in other assets (1,180,000) (981,000) (2,000)
Increase in accrued expenses and other liabilities 251,000 211,000 278,000
Net cash (used) provided by operating activities (11,915,000) 5,272,000 7,290,000
Cash Flows from Investing Activities:      
Proceeds from maturity or sales on available-for-sale securities 6,500,000 37,032,000 16,929,000
Principal repayments on available-for-sale securities 3,893,000 2,267,000 2,361,000
Purchases of available-for-sale securities (18,072,000) (18,562,000) (20,576,000)
Purchases of other investments (513,000) (512,000)
Proceeds from maturity of other investments 513,000 512,000
Purchases of Federal Reserve Bank stock (31,000) (364,000) (393,000)
Redemptions (purchases) of Federal Home Loan Bank stock 451,000 961,000 (280,000)
Decrease (increase) in originated loans receivable, net 18,728,000 5,572,000 (63,139,000)
Purchases of loans receivable (54,604,000) (47,074,000) (73,022,000)
Purchases of premises and equipment (552,000) (1,142,000) (3,060,000)
Proceeds from sale of other real estate owned 897,000 842,000
Refund of (payment for) escrow deposit related to acquisition activity 500,000 (500,000)
Net cash used in business combination (5,071,000)
Net cash used in investing activities (41,777,000) (26,882,000) (140,850,000)
Cash Flows from Financing Activities:      
Increase in deposits, net 26,254,000 59,658,000 108,115,000
Repayments of FHLB borrowings, net (29,800,000) (18,000,000)
Proceeds from issuance of subordinated note, net 9,709,000
Principal repayments of note payable (195,000) (192,000) (189,000)
Decrease in advances from borrowers for taxes and insurance 755,000 97,000 153,000
Purchases of treasury stock (2,000)
Dividends paid on common stock (155,000) (154,000) (77,000)
Net cash provided by financing activities 26,659,000 39,318,000 90,000,000
Net (decrease) increase in cash and cash equivalents (27,033,000) 17,708,000 (43,560,000)
Cash and cash equivalents at beginning of period 66,437,000 48,729,000 92,289,000
Cash and cash equivalents at end of period 39,404,000 66,437,000 48,729,000
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 17,740,000 11,246,000 6,424,000
Cash paid for income taxes 22,000 1,243,000 515,000
Non-cash transactions:      
Purchase of premises and equipment 181,000 415,000 808,000
Increase in accrued expense and other liabilities (181,000) (415,000) (808,000)
Purchases of available-for-sale securities 578,000
Increase in accrued expense and other liabilities (578,000)
Transfers of loans receivable to other real estate owned 446,000 1,954,000
Recognition of operating lease right-of-use assets 3,160,000
Recognition of operating lease liabilities (3,264,000)
Accrued rent payable - adoption ASC 842 93,000
Capitalized servicing assets 180,000
Business Combination Non-Cash Disclosures:      
Assets acquired in business combination (net of cash received) 60,173,000
Liabilities acquired in business combination 56,123,000
Contingent liability assumed in business combination $ 621,000 $ 707,000