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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net Income $ 4,768 $ 8,104
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for credit losses 2,134 10
Depreciation and amortization 698 694
Amortization of operating lease right-of-use assets (295) (354)
Amortization of premium/discount on investment securities, net 523 298
Increase in accrued interest receivable (937) (1,972)
(Decrease) increase in accrued interest payable (23) 20
Decrease in accounts payable and accrued liabilities (397) (2,104)
Decrease in unearned fees and unamortized loan origination costs, net 184 492
Decrease (increase) in income taxes receivable 1,472 (760)
Unrealized gain on marketable equity securities (85) (110)
Stock-based compensation expense 209 194
Benefit (provision) for deferred income taxes 300 (99)
Loss on sale of other real estate owned 113 0
Write down on other real estate owned 727 0
Gain on bank owned life insurance (310) 0
Increase in cash surrender value of bank-owned life insurance (258) (292)
Gain on fair value option of junior subordinated debentures (1,469) (911)
Loss on dissolution of real estate investment trust 0 114
Gain on sale of premises and equipment 0 (6)
Net decrease in other assets 762 1,758
Net cash provided by operating activities 8,116 5,076
Cash Flows From Investing Activities:    
Purchase of correspondent bank stock (39) (47)
Purchases of available-for-sale securities (27,971) 0
Principal payments of available-for-sale securities 11,709 6,828
Net (increase) decrease in loans (53,461)  
Net (increase) decrease in loans   14,559
Cash proceeds from sales of other real estate owned 895 0
Investment in limited partnership (201) (320)
Cash proceeds from sale of premises and equipment 0 12
Proceeds from bank owned life insurance 1,243 0
Capital expenditures of premises and equipment (759) (392)
Net cash (used in) provided by investing activities (68,584) 20,640
Cash Flows From Financing Activities:    
Net increase in demand deposits and savings accounts 76,476 77,652
Net decrease in time deposits (1,727) (12,380)
Dividends on common stock (3,735) (1,869)
Net cash provided by financing activities 71,014 63,403
Net increase in cash and cash equivalents 10,546 89,123
Cash and cash equivalents at beginning of period 218,995 220,337
Cash and cash equivalents at end of period $ 229,541 $ 309,460