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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Interest received $ 29,316 $ 31,860
Fees received 7,563 8,032
Interest paid (5,341) (6,000)
Cash paid to employees and vendors (28,619) (23,836)
Income taxes paid (107) (385)
Proceeds from sale of loans held for sale 7,681 4,693
Originations of loans held for sale (10,037) (4,279)
Net cash provided by operating activities 456 10,085
INVESTING ACTIVITIES:    
Available for sales securities: Purchases (46,322) (32,631)
Available for sales securities: Proceeds from sales, maturities, calls, and payments 36,379 32,694
Held to maturity securities: Purchases (4,204) (224)
Held to maturity securities: Proceeds from maturities, calls, and payments 122 48
Cash paid for bank-owned life insurance   (360)
Additions to properties and equipment (1,480) (615)
Purchase of tax credit investment (3,116)  
Net cash used in acquisitions (6,490)  
Sale of other real estate 718  
Net increase in loans (185,185) (56,134)
Net cash used in investing activities (209,578) (57,222)
FINANCING ACTIVITIES:    
(Repayments) proceeds from short-term borrowings, net (8,564) 826
Net increase in deposits 302,490 67,853
Dividends paid (2,867) (2,528)
Issuance of common stock 345 710
Net cash provided by financing activities 291,404 66,861
Net increase in cash and cash equivalents 82,282 19,724
CASH AND CASH EQUIVALENTS:    
Beginning of period 38,857 39,915
End of period 121,139 59,639
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:    
Net income 673 8,102
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,289 999
Deferred tax benefit (2,386) (45)
Provision for loan losses 3,596 628
Loss on tax credit investment 2,475  
Changes in refundable state historic tax credit (1,857)  
Net gain on sales of assets (90) (42)
Gain on loans sold (190) (62)
Stock compensation expense 461 449
Proceeds from sale of loans held for sale 7,681 4,693
Originations of loans held for sale (10,037) (4,279)
Changes in assets and liabilities affecting cash flow:    
Other assets (4,701) (5,186)
Other liabilities 3,542 4,828
NET CASH PROVIDED BY OPERATING ACTIVITIES 456 10,085
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTMENTS AND FINANCIAL ACTIVITIES:    
Fair value of assets acquired in acquisition (non-cash) 311,847
Fair value of liabilities assumed in acquisition $ 296,076