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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 $ 15,512,000 $ 13,992,000 $ 8,189,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 1,500,000 1,000,000 600,000
Change in deferred loan origination costs/fees, net (684,000) (1,581,000) (754,000)
Stock-based compensation expense 224,000 199,000 152,000
Depreciation and amortization 1,391,000 1,042,000 1,026,000
Amortization of investment security premiums 802,000 691,000 615,000
(Gain) loss on sale of investment securities (114,000) 8,000 158,000
Gain on equity securities with no readily determinable fair value (209,000)
Gain on sale of loans held for sale (867,000) (1,903,000) (2,039,000)
Loans originated for sale (20,416,000) (38,914,000) (31,348,000)
Proceeds from loan sales 19,457,000 41,748,000 36,583,000
Provision from change in OREO valuation 40,000 155,000 124,000
Net gain on sale of OREO (275,000) (47,000) (130,000)
Net gain on sale of other vehicles owned (5,000) (24,000) (10,000)
Earnings on bank owned life insurance policies (328,000) (328,000) (338,000)
(Benefit) provision for deferred income taxes (166,000) 360,000 503,000
Increase in accrued interest receivable and other assets (100,000) (1,397,000) (513,000)
(Decrease) increase in accrued interest payable and other liabilities (494,000) 847,000 (1,340,000)
Net cash provided by operating activities 15,477,000 15,639,000 11,478,000
Cash flows from investing activities:      
Proceeds from matured and called available-for-sale investment securities 200,000
Proceeds from sale of available-for-sale securities 19,668,000 4,157,000 9,594,000
Purchases of available-for-sale investment securities (27,801,000) (56,265,000) (58,094,000)
Proceeds from principal repayments from available-for-sale government-guaranteed mortgage-backed securities 25,257,000 15,324,000 12,702,000
Net increase in loans (53,477,000) (82,412,000) (30,962,000)
Proceeds from bank owned life insurance 338,000
Proceeds from sale of vehicles 636,000 473,000 313,000
Proceeds from sale of other real estate 698,000 723,000 689,000
Purchases of FHLB stock (490,000) (342,000) (247,000)
Purchases of premises and equipment (1,397,000) (3,866,000) (531,000)
Net cash used in investing activities (36,706,000) (121,870,000) (66,536,000)
Cash flows from financing activities:      
Net increase in demand, interest-bearing and savings deposits 39,531,000 52,982,000 83,866,000
Net (decrease) increase in time deposits (18,772,000) 10,926,000 (3,562,000)
Net increase in securities sold under agreements to repurchase 2,955,000 2,984,000 3,157,000
Cash dividends paid on common stock (2,373,000) (1,842,000) (1,398,000)
Principal payment on note payable (2,375,000)
Proceeds from exercise of stock options 144,000 330,000 261,000
Net cash provided by financing activities 21,485,000 65,380,000 79,949,000
Increase (decrease) in cash and cash equivalents 256,000 (40,851,000) 24,891,000
Cash and cash equivalents at beginning of year 46,686,000 87,537,000 62,646,000
Cash and cash equivalents at end of year 46,942,000 46,686,000 87,537,000
Supplemental disclosure of cash flow information:      
Interest expense 1,739,000 1,212,000 1,012,000
Income taxes 6,019,000 4,506,000 7,175,000
Non-Cash Investing Activities:      
Real estate acquired through foreclosure 656,000 1,293,000
Vehicles acquired through repossession 635,000 466,000 325,000
Loans provided for sales of real estate owned 480,000
Non-Cash Financing Activities:      
Common stock retired in connection with the exercise of stock options 42,000 29,000 10,000
Common stock issued in connection with the cashless exercise of stock warrant $ 787,000