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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities    
Net income $ 5,569 $ 3,733
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 153 159
Provision for loan losses   1,066
Net amortization of premium of securities 89 101
Net amortization of deferred loan costs and purchase premiums 1,697 232
Net accretion of acquisition accounting adjustments (129) (169)
Gain on calls of held-to-maturity securities   (97)
Loss on loans held for sale   451
Payments received on loans held for sale, net   1,107
Amortization of subordinated debt issuance costs 31 20
Core deposits intangible amortization 80 90
Equity-based compensation expense 166 205
BOLI income (248) (283)
Changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable, prepaid expenses and other assets 6,201 (7,813)
(Decrease) increase in accrued interest payable, accrued expenses and other liabilities (4,372) 7,713
Net cash provided by operating activities 9,237 6,515
Cash Flows From Investing Activities    
Increase in interest-bearing deposits at other financial institutions (83,057) (44,176)
Purchases of securities available-for-sale (21,118)  
Proceeds from maturities and calls of securities available-for-sale 1,000 1,000
Proceeds from redemptions of securities available-for-sale 9,498 6,162
Net redemption (purchase) of restricted stock 186 (591)
Net decrease (increase) in loans 17,069 (11,756)
Purchases of premises and equipment, net (19) (165)
Net cash used in investing activities (76,441) (49,526)
Cash Flows From Financing Activities    
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits 105,260 37,449
Net (decrease) increase in time deposits (43,117) 20,879
Decrease in federal funds purchased   (10,000)
Net increase in FHLB advances   10,000
Repurchase of shares of common stock   (7,280)
Common stock issuance 819 205
Net cash provided by financing activities 62,962 51,253
Net (decrease) increase in cash and cash equivalents (4,242) 8,242
Cash and cash equivalents, beginning of year 20,835 14,916
Cash and cash equivalents, end of year $ 16,593 $ 23,158