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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,883 $ 5,482
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses and unfunded commitments 1,441 1,175
Depreciation 1,197 925
Amortization and accretion 314 640
Gain on investment securities (107)  
Net gains (loss) on sales of assets 5 (375)
Loss on equity securities 9  
Gain on sale of loans held for sale, originated (205)  
Net losses on other real estate owned, including write-downs 153 385
Increase in bank owned life insurance cash surrender value (26)  
Deferred income tax expenses 1,820 1,494
Stock-based compensation expense, net of employee tax obligation 22 36
Changes in assets and liabilities:    
Increase in loans held for sale (1,383)  
(Increase) decrease in accrued interest receivable 120 (147)
(Increase) decrease in other assets (2,992) 682
Increase in accrued interest payable 145 127
Increase (decrease) in other liabilities 1,411 (1,514)
Net cash provided by operating activities 7,807 8,910
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of securities available for sale (30,777) (9,093)
Proceeds from maturities and paydowns of securities available for sale 42,988 8,601
Proceeds from sales of securities available for sale   2,591
Net increase in loans (7,395) (42,693)
Proceeds from sale of assets 16 973
Cash received in acquisitions 6,743 11,831
Purchases of premises and equipment (1,248) (1,451)
Cash paid to shareholders (2) (4,471)
Proceeds from the sales of foreclosed assets 1,300 934
Proceeds from sales of Federal Home Loan Bank stock 810 979
Purchase of Federal Home Loan Bank stock (924) (1,153)
Net cash provided by (used by) investing activities 11,511 (32,952)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (decrease) in demand, NOW, money market, and savings deposits, net 9,642 (9,979)
Assumed proceeds on exercise 50 31
Cash received for the exercise of warrants 5,342  
Increase in time deposits, net 33,659 21,207
Proceeds from borrowings to fund acquisition of Liberty Bell Bank, net of loan costs   4,450
(Decrease) increase in other borrowings, net (1,394) 6,341
Net increase in minority interest contributed capital 10  
Decrease in finance lease liability (17)  
Dividends paid (1,193) (896)
Net cash provided by financing activities 46,099 21,154
Net increase (decrease) in cash and cash equivalents 65,417 (2,888)
Cash and cash equivalents, beginning 29,694 32,582
Cash and cash equivalents, ending 95,111 29,694
Supplementary cash flow information:    
Interest paid 8,134 5,197
Income taxes paid 1,297 1,777
Total appreciation (depreciation) on securities available for sale 1,999 (650)
SUPPLEMENTARY NON-CASH INVESTING ACTIVITIES    
Fair value of assets acquired, net of cash and cash equivalents 447,424 139,701
Fair value of liabilities assumed, net of cash and cash equivalents 404,959 139,500
Value of shares provided to stockholders 52,282 12,798
Value of stock options acquired 350  
Loans converted to other real estate owned $ 209 $ 379