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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 2,597 $ 2,985
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for loan losses 1,900 425
Depreciation 139 107
Stock compensation expense 388 270
Net amortization:    
Securities 192 95
Loans 79 177
Right of use asset 111 90
Changes in other assets and liabilities:    
Accrued interest receivable (67) 134
Other assets 111 (5,584)
Decrease in operating lease liability (102) (99)
Accrued expenses and other liabilities 1,999 1,966
Net cash provided by operating activities 7,347 566
Cash flows from investing activities:    
Net change in loans (25,118) (22,100)
Purchases of securities available for sale   (9,918)
Principal repayments on securities available for sale 9,547 4,575
Purchases of premises and equipment (217) (333)
Net cash used in investing activities (15,788) (27,776)
Cash flows from financing activities:    
Net increase in deposits 17,210 46,561
Decrease in secured borrowings (1)  
Exercise of stock options 290  
Purchase of common stock (485)  
Net cash provided by financing activities 17,014 46,561
Increase in cash and cash equivalents 8,573 19,351
Cash and cash equivalents at beginning of period 61,806 30,562
Cash and cash equivalents at end of period 70,379 49,913
Cash paid during the period for:    
Interest 395 555
Taxes 182 51
Noncash transactions:    
Right of use asset obtained in exchange for lease liability $ 543 $ 3,640