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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 3,685 $ 14,153
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation/amortization 2,072 1,964
Net amortization of premiums on securities 686 232
Amortization of deferred loan origination fees and costs (2,255) (974)
Net amortization of operating lease right of use assets 484 446
Net amortization of finance lease right of use assets 36 40
Net change in operating lease liabilities (500) (456)
Provision for loan losses 13,915 2,250
Provision for losses on foreclosured real estate 18 26
Increase in bank owned life insurance (851) (960)
Originations of mortgage loans held for sale (80,926) (27,789)
Originations of SBA loans held for sale (841) (6,766)
Proceeds from sales of mortgage loans held for sale 81,649 26,289
Proceeds from sales of SBA loans held for sale 140 3,286
Gain on sales of mortgage loans held for sale (2,125) (596)
Gain on sales of SBA loans held for sale (9) (253)
Loss (gain) on disposal of premises and equipment 79 (15)
(Gain) loss on sales of securities, available-for-sale (65) 1
Gain on sales of foreclosed real estate (216) 0
Loss on lease write-off 8 0
Stock-based compensation 390 395
(Increase) decrease in interest receivable (3,108) 577
(Increase) in other assets (2,446) (87)
(Decrease) increase in interest payable (274) 28
(Decrease) increase in other liabilities (1,554) 1,149
Net cash provided by operating activities 7,992 12,940
Cash flows from investing activities    
Purchases of securities, available-for-sale (107,828) (111,466)
Maturities, repayments and calls of securities, available-for-sale 50,801 90,859
Sales of securities, available-for-sale 21,679 11,776
Net decrease in restricted investment in bank stock 1,958 1,371
Net increase in loans made to customers (81,802) (4,222)
Purchases of premises and equipment (2,004) (2,747)
Investment in bank owned life insurance (7) (6,836)
Proceeds from sales of foreclosed real estate 1,116 111
Net cash used in investing activities (116,087) (21,154)
Cash flows from financing activities    
Net increase (decrease) in demand and savings deposits 248,060 (9,492)
Net increase in time deposits 7,249 74,236
Net increase in short-term borrowings 1,384 1,808
Repayment of long-term debt (35,000) (20,000)
Net change in finance lease liabilities (19) (32)
Cash dividends paid to shareholders (4,103) (4,533)
Payment of taxes related to stock withheld (4) 0
Treasury stock reissued 89 213
Treasury stock purchased (87) (3,530)
Issuance of stock 444 108
Net cash provided by financing activities 218,013 38,778
Net increase in cash and cash equivalents 109,918 30,564
Cash and cash equivalents at beginning of year 131,591 96,782
Cash and cash equivalents at end of period $ 241,509 $ 127,346