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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Interest received $ 47,190 $ 48,957
Fees received 12,462 13,404
Interest paid (7,447) (9,226)
Cash paid to employees and vendors (41,580) (36,888)
Income taxes paid (1,957) (1,586)
Proceeds from sale of loans held for sale 9,895 7,698
Originations of loans held for sale (9,184) (7,733)
Net cash provided by operating activities 9,379 14,626
INVESTING ACTIVITIES:    
Available for sales securities: Purchases (76,311) (46,893)
Available for sales securities: Proceeds from sales, maturities, calls, and payments 73,291 48,694
Held to maturity securities: Purchases (5,082) (1,141)
Held to maturity securities: Proceeds from maturities, calls, and payments 2,471 307
Cash paid for bank-owned life insurance   (360)
Additions to properties and equipment (3,874) (4,513)
Proceeds from sales of assets   185
Purchase of tax credit investment (3,116)  
Net cash used in acquisitions (6,490)  
Sale of other real estate 718  
Net increase in loans (204,679) (62,823)
Net cash used in investing activities (223,072) (66,544)
FINANCING ACTIVITIES:    
Proceeds from borrowings 20,274 4,275
Repayment of short-term borrowing (13,646)  
Net increase in deposits 274,365 43,748
Dividends paid (2,867) (2,528)
Issuance of common stock 345 852
Net cash provided by financing activities 278,471 46,347
Net increase in cash and cash equivalents 64,778 (5,571)
CASH AND CASH EQUIVALENTS:    
Beginning of period 38,857 39,915
End of period 103,635 34,344
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:    
Net income 5,217 13,266
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,107 1,505
Deferred tax benefit (2,720) (201)
Provision for loan losses 5,477 197
Loss on tax credit investment 2,475  
Changes in refundable state historic tax credit (1,857)  
Net gain on sales of assets (90) (3)
Gain on sales of securities (667) (42)
Gain on loans sold (359) (105)
Stock compensation expense 668 692
Proceeds from sale of loans held for sale 9,895 7,698
Originations of loans held for sale (9,184) (7,733)
Changes in assets and liabilities affecting cash flow:    
Other assets (4,647) (5,508)
Other liabilities 3,064 4,860
NET CASH PROVIDED BY OPERATING ACTIVITIES 9,379 14,626
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