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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 8,734 $ 3,644 $ 2,822
Adjustments to reconcile net income to net cash used in operating activities:      
Provision for loan losses 1,375 905 595
Net gains on securities available-for-sale     (6)
Depreciation 421 411 166
Stock compensation expense 1,503 554 388
Deferred tax (benefit) expense (370) 1,048 1,521
Net amortization:      
Securities 446 403 344
Loans 476 632 421
Changes in other assets and liabilities:      
Accrued interest receivable (1,019) (1,295) (123)
Other assets (3,351) (2,309) (202)
Accrued expenses and other liabilities 1,213 (14) 172
Write-offs related to offices closed     221
Net cash provided by operating activities 9,428 3,979 6,319
Cash flows from investing activities:      
Net change in loans (119,609) (71,086) (54,461)
Purchases of securities available-for-sale (42,482) (58,503) (30,235)
Proceeds of sales of securities available-for-sale 0 0 4,068
Principal repayments on securities available-for-sale 23,411 21,522 16,691
Purchase of securities, restricted (400) (534) (453)
Redemption of securities, restricted     234
Purchase of equity investment without readily determinable fair value (2,410)    
Other assets     1,250
Purchases of premises and equipment (569) (190) (2,666)
Net cash used in investing activities (142,059) (108,791) (65,572)
Cash flows from financing activities:      
Net increase in deposits 119,927 77,706 69,101
Decrease in secured borrowings (189) (93) (10)
Exercise of stock options 378 942  
Proceeds from the issuance of common stock, net of issuance costs   26,341 1
Net cash provided by financing activities 120,116 104,896 69,092
(Decrease) increase in cash and cash equivalents (12,515) 84 9,839
Cash and cash equivalents at beginning of the period 43,077 42,993 33,154
Cash and cash equivalents at end of the period 30,562 43,077 42,993
Cash paid during the period for:      
Interest 1,203 535 508
Taxes $ 2,675 2,630 234
Noncash disclosures:      
Exchange of preferred stock for common stock   $ 1 $ 1