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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 22,717 $ 24,347
Adjustments to reconcile net income to net cash from operating activities    
Provision for loan losses 2,880 1,540
Depreciation, amortization and accretion 12,003 5,263
Compensation expense related to stock options and restricted stock awards 869 767
ESOP compensation expense for allocated shares 1,506 1,209
Provision for deferred income taxes 988 768
Increase in cash surrender value of BOLI (872) (413)
Bargain purchase gain   (7,414)
Gain on sale of loans held for sale (14,126) (14,654)
Gain on sale of portfolio loans (122) (207)
Gain on sale of investment securities (32) (171)
Loss on disposed fixed assets 26 71
Origination of loans held for sale (804,619) (619,632)
Proceeds from sale of loans held for sale 795,184 631,309
Impairment of servicing rights 92  
Gain on sale of OREO (138)  
Changes in operating assets and liabilities    
Accrued interest receivable (147) (2,156)
Other assets (4,589) 2,862
Other liabilities (2,443) (2,052)
Net cash from operating activities 9,177 21,437
Activity in securities available-for-sale:    
Proceeds from sale of investment securities 10,554 24,312
Maturities, prepayments, and calls 24,293 10,243
Purchases (61,282) (31,309)
Maturities of certificates of deposit at other financial institutions 3,650 992
Purchase of certificates of deposit at other financial institutions (2,480) (4,960)
Loan originations and principal collections, net (36,904) (190,125)
Purchase of portfolio loans (1,799) (24,007)
Proceeds from sale of portfolio loans 8,487 17,952
Proceeds from sale of OREO, net 901  
Purchase of premises and equipment, net (2,463) (3,796)
Purchase of BOLI 0 (3,000)
Change in FHLB stock, net 1,842 (7,016)
Net cash acquired from Anchor Acquisition   23,753
Net cash used by investing activities (55,201) (186,961)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 118,714 87,566
Proceeds from borrowings 401,447 917,239
Repayments of borrowings (453,983) (824,368)
Dividends paid on common stock (2,856) (1,915)
Proceeds from stock options exercised 705 1,117
Common stock repurchased for employee/director taxes paid on restricted stock awards (204) (251)
Common stock repurchased (4,800)  
Net cash (used by) from financing activities 59,023 179,388
NET INCREASE IN CASH AND CASH EQUIVALENTS 12,999 13,864
CASH AND CASH EQUIVALENTS, beginning of year 32,779 18,915
CASH AND CASH EQUIVALENTS, end of year 45,778 32,779
Cash paid during the year for:    
Interest on deposits and borrowings 18,709 10,098
Income taxes 4,351 2,902
Anchor acquisition:    
Assets acquired, excluding cash acquired   420,305
Liabilities assumed   402,878
SUPPLEMENTARY DISCLOSURES OF NONCASH OPERATING, INVESTING AND FINANCING ACTIVITIES    
Change in unrealized gain (loss) on investment securities, net 2,888 (1,279)
Property taken in settlement of loans 312  
Retention of gross mortgage servicing rights from loan sales 5,400 5,971
Additional paid-in-capital from common stock issued   $ 33,766
Right-of-use assets in exchange for lease liabilities $ 6,232