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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net (loss) income $ (3,500,000) $ 8,627,000 $ 8,905,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Provision for loan losses 1,905,000 2,300,000 900,000
Write down of other real estate owned 286,000 563,000 3,000,000
Depreciation and amortization 6,482,000 5,447,000 4,618,000
Deferred income taxes 1,744,000 1,527,000 (5,056,000)
Stock based compensation 2,632,000 2,116,000 1,842,000
Loss (gain) on sale of investment securities (1,103,000) 67,000 146,000
Amortization of premiums on investment securities 3,730,000 2,878,000 2,469,000
Accretion of discounts on retained SBA loans (1,411,000) (1,332,000) (1,088,000)
Fair value adjustments on SBA servicing assets 1,364,000 1,458,000 1,187,000
Proceeds from sales of SBA loans originated for sale 46,951,000 42,726,000 42,269,000
SBA loans originated for sale (41,364,000) (42,700,000) (37,062,000)
Gains on sales of SBA loans originated for sale (3,187,000) (3,105,000) (3,378,000)
Proceeds from sales of mortgage loans originated for sale 335,991,000 322,264,000 311,187,000
Mortgage loans originated for sale (317,881,000) (291,870,000) (321,222,000)
Fair value adjustment for mortgage loans originated for sale 454,000 513,000 (846,000)
Gains on mortgage loans originated for sale (8,117,000) (8,378,000) (8,128,000)
Amortization of intangible assets 61,000
Amortization of debt issuance costs 6,000 6,000 29,000
Non-cash expense related to leases 1,128,000
Increase in accrued interest receivable and other assets (8,464,000) (5,047,000) (2,330,000)
Net increase in accrued interest payable and other liabilities 1,687,000 1,570,000 1,513,000
Net cash provided by (used in) operating activities 19,333,000 39,630,000 (984,000)
Cash flows from investing activities      
Purchase of investment securities available for sale (338,500,000) (149,209,000) (165,065,000)
Purchase of investment securities held to maturity (123,265,000) (89,350,000)
Proceeds from the sale of securities available for sale 54,742,000 6,439,000 31,197,000
Proceeds from the paydown, maturity, or call of securities available for sale 69,012,000 48,796,000 48,547,000
Proceeds from the paydown, maturity, or call of securities held to maturity 116,486,000 63,565,000 37,315,000
Net redemption (purchase) of restricted stock 3,008,000 (3,836,000) (552,000)
Net increase in loans (312,665,000) (275,587,000) (197,965,000)
Net proceeds from sale of other real estate owned 5,072,000 495,000 499,000
Premises and equipment expenditures (35,777,000) (18,161,000) (22,525,000)
Net cash used in investing activities (438,622,000) (450,763,000) (357,899,000)
Cash flows from financing activities      
Net proceeds from exercise of stock options 261,143 670,413 646,263
Net increase in demand, money market and savings deposits 536,974,000 292,053,000 380,052,000
Net increase in time deposits 69,322,000 37,519,000 5,573,000
Increase (repayment) in short-term borrowings (91,422,000) 91,422,000
Net cash provided by financing activities 515,135,000 421,664,000 386,271,000
Net increase in cash and cash equivalents 95,846,000 10,531,000 27,388,000
Cash and cash equivalents, beginning of year 72,473,000 61,942,000 34,554,000
Cash and cash equivalents, end of year 168,319,000 72,473,000 61,942,000
Supplemental disclosures      
Interest paid 25,985,000 15,905,000 8,935,000
Income taxes paid 75,000
Non-cash transfers from loans to other real estate owned 1,225,000 315,000 291,000
Conversion of subordinated debt to common stock 10,094,000 229,000
Transfer of available-for-sale securities to held-to-maturity securities $ 230,094,000