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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income $ 25,000 $ 23,789 $ 16,817
Items not requiring (providing) cash      
Depreciation and amortization 1,097 1,088 799
Provision for loan losses 200 1,246 1,554
Net increase on other real estate owned (10) 0 0
Gain on sales of loans (212) (183) (56)
Stock-based compensation expense 154 0 0
Cash receipts from the sale of loans originated for sale 8,185 9,060 2,115
Cash disbursements for loans originated for sale (8,097) (9,108) (2,216)
Loss (gain) on sale of other real estate owned 3 92 (147)
Benefit for deferred income tax (1,069) 0 0
Changes in      
Interest receivable and other assets (1,405) (415) 41
Interest payable and other liabilities 3,155 308 450
Net cash provided by operating activities 27,001 25,877 19,357
Investing Activities      
Maturities of interest-bearing time deposits in other banks 3,884 1,743 1,494
Purchases of interest-bearing time deposits in other banks (5,475) (2,490) (1,734)
Net change in loans (36,981) (61,668) (42,579)
Purchases of premises and equipment (378) (3,969) (2,319)
Proceeds from sale of premises and equipment 1,336 0 0
Purchase of nonmarketable equity securities (6) (6) (38)
Proceeds from sale of foreclosed assets 47 597 896
Net cash used in investing activities (37,573) (65,793) (44,280)
Financing Activities      
Net change in deposits 50,072 76,275 40,786
Repayment of borrowed funds (5,600) (800) (800)
Cash distributions paid (56,155) (9,749) (6,995)
Capital injection 137 0 0
Net proceeds from issuance of common stock 50,154 0 0
Net cash provided by financing activities 38,608 65,726 32,991
Increase in Cash and Due from Banks 28,036 25,810 8,068
Cash and Due from Banks, Beginning of Year 100,054 74,244 66,176
Cash and Due from Banks, End of Year 128,090 100,054 74,244
Supplemental Disclosure of Cash Flows Information      
Interest paid 7,304 4,739 3,303
Supplemental Disclosures of Non-Cash Investing Activities      
Foreclosed assets acquired in settlement of loans $ 50 $ 684 $ 4