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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income $ 6,198 $ 7,504
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 7,600 875
Depreciation and amortization 798 813
Net losses (gains) on the sale of OREO 9 (188)
Gains on sales of investment securities (441) 0
Unrealized gains on equity securities (115) (121)
Net amortization of premium/discount on investment securities 25 (77)
Net accretion of merger accounting adjustments (403) (381)
Amortization of core deposit intangible 308 356
Amortization of right of use asset 250 0
Net change in right of use assets and lease liabilities (198) 68
Increase in OREO valuation allowance 1,791 637
Increase in cash surrender value of bank owned life insurance (439) (439)
Increase in deferred income tax benefit (1,418) (320)
Increase in accrued interest receivable (1,754) (474)
Stock based compensation 163 169
Net change due to deficit of fair market value over cost of leveraged ESOP shares released (16) (4)
Increase in net deferred loan costs (181) (181)
Decrease in accrued expenses and other liabilities (823) (1,519)
Decrease (increase) in other assets 2,221 (843)
Net Cash Provided by Operating Activities 13,575 5,875
Cash Flows from Investing Activities    
Purchase of AFS investment securities (88,719) (13,112)
Proceeds from redemption or principal payments of AFS investment securities 20,555 6,959
Purchase of HTM investment securities 0 (8,495)
Proceeds from maturities or principal payments of HTM investment securities 0 9,040
Proceeds from sale of AFS investment securities 45,773 0
Net (increase) decrease of FHLB stock (1,244) 586
Loans originated or acquired (365,577) (226,582)
Principal collected on loans 199,535 182,797
Purchase of premises and equipment (108) (466)
Proceeds from sale of OREO 2,278 324
Net Cash Used in Investing Activities (187,507) (48,949)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Net increase in deposits 158,527 64,814
Proceeds from long-term debt 163,163 10,000
Payments of long-term debt (9,396) (33)
Net decrease in short term borrowings 0 (25,000)
Payments of subordinated notes (23,000) 0
Dividends paid (1,410) (1,341)
Net change in unearned ESOP shares 0 (39)
Repurchase of common stock 0 (17)
Net Cash Provided by Financing Activities 287,884 48,384
Increase in Cash and Cash Equivalents 113,952 5,310
Cash and Cash Equivalents - January 1 32,469 33,036
Cash and Cash Equivalents - June 30 146,421 38,346
Cash paid during the period for    
Interest 6,868 9,524
Income taxes 2,532 3,853
Supplemental Schedule of Non-Cash Operating Activities    
Issuance of common stock for payment of compensation 303 107
Transfer from loans to OREO 0 3,249
Financed amount of sale of OREO 0 280
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Right-of use assets and lease liability recorded upon adoption of ASC 842 $ 0 $ 9,992