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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 2,966 $ 15,852 $ 13,211 $ 12,597  
Adjustments to reconcile net income to net cash from operating activities:          
PROVISION FOR LOAN AND LEASE LOSSES 14,455     3,999  
Impairment loss on assets held for sale 715     392  
Depreciation and amortization of premises and equipment 1,600     1,590  
Change in fair value of equity securities, net 619     (499)  
Net amortization of securities 850     600  
Net gains on sales of securities available-for-sale (1,375)        
Net loss on disposal of premises and equipment 134        
Net gains on sales of assets held for sale       (13)  
Net gains on sales of loans (4,773)     (6,233)  
Originations of U.S. government guaranteed loans (63,256)     (47,157)  
Proceeds from U.S. government guaranteed loans sold 53,461     55,421  
Accretion of premiums and discounts on acquired loans, net (3,671)     (5,201)  
Net change in servicing assets 1,671     159  
Net valuation adjustments on other real estate owned 463     84  
Net (gains) losses on sales of other real estate owned (82)     33  
Other intangible assets amortization expense 1,893     1,773  
Amortization of time deposit premium (19)     (69)  
Accretion of junior subordinated debentures discount 128     144  
Share-based compensation expense 608     230  
Deferred tax provision, net of valuation 207     3,516  
Increase in cash surrender value of bank owned life insurance (148)     (126)  
Changes in assets and liabilities:          
Accrued interest receivable 878     (1,823)  
Other assets 10,514     3,907  
Accrued interest payable (1,552)     906  
Other liabilities 9,567     (10,579)  
Net cash provided by operating activities 25,853     13,651  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchases of securities available-for-sale (242,685)     (84,950)  
Proceeds from maturities and calls of securities available-for-sale 66,585     15,353  
Proceeds from paydowns of securities available-for-sale 33,410     18,766  
Proceeds from sales of securities available-for-sale 45,417        
Purchases of Federal Home Loan Bank stock (2,070)     (9,630)  
Federal Home Loan Bank stock repurchases       9,630  
Net change in loans and leases (76,141)     (61,993)  
Purchases of premises and equipment (2,040)     (979)  
Proceeds from sales of assets held for sale       514  
Proceeds from sales of other real estate owned 264     172  
Proceeds from bank owned life insurance death benefit 69        
Net cash used in investing activities (177,191)     (113,117)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net increase in deposits 91,278     58,669  
Proceeds from short-term borrowings 2,836,800     1,620,500  
Repayments of short-term borrowings (2,741,800)     (1,620,500)  
Net increase in securities sold under agreements to repurchase 6,009     203  
Dividends paid on preferred stock (196)     (196)  
Dividends paid on common stock (1,148)        
Proceeds from issuance of common stock upon exercise of stock options 677     636  
Proceeds from issuance of common stock 268     291  
Repurchases of common stock (1,668)        
Net cash provided by financing activities 190,220     59,603  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 38,882     (39,863)  
CASH AND CASH EQUIVALENTS, beginning of period 80,737   $ 81,997 121,860 $ 121,860
CASH AND CASH EQUIVALENTS, end of period 119,619 $ 80,737   81,997 $ 80,737
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:          
Cash paid during the period for interest 11,784     10,044  
Cash paid (received) during the period for taxes 51     (2,556)  
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Transfer of securities from held-to-maturity to available-for-sale       94,837  
Reclassification of equity and other securities       6,609  
Delayed payments of mortgage-backed securities 389     626  
Internally financed sale of other real estate owned       183  
Due from counterparties 33,959     $ 15,353  
Common dividend declared, not paid $ 1,162