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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 2,609,000 $ 1,885,000
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 347,000 307,000
Amortization of deferred loan fees (440,000) (409,000)
Net amortization of premiums and discounts 42,000 57,000
Write-downs and losses on real estate acquired through foreclosure, net of gains 107,000 44,000
Gain on sale of mortgage loans (720,000) (595,000)
Proceeds from sale of mortgage loans held for sale 22,536,000 15,195,000
Originations of loans held for sale (19,438,000) (15,873,000)
Stock-based compensation 43,000 56,000
Increase in cash surrender value of bank-owned life insurance (39,000) (40,000)
Deferred income taxes 193,000 757,000
Decrease in accrued interest receivable 216,000 186,000
Increase in other assets (2,721,000) (328,000)
Increase (decrease) in accrued expenses and other liabilities 2,953,000 (707,000)
Net cash provided by operating activities 5,688,000 535,000
Cash flows from investing activities:    
Loan principal repayments, net of (disbursements) 9,087,000 (1,238,000)
Redemption (purchase) of restricted stock investments 910,000 (355,000)
Purchases of premises and equipment, net (85,000) (288,000)
Activity in securities held to maturity:    
Maturities/calls/repayments 3,095,000 4,356,000
Activity in available-for-sale securities:    
Purchases   (2,000,000)
Maturities/calls/repayments 1,000,000 15,000
Proceeds from sales of real estate acquired through foreclosure   122,000
Net cash provided by investing activities 14,007,000 612,000
Cash flows from financing activities:    
Net decrease in deposits (69,633,000) (12,312,000)
Net increase in short-term borrowings   8,000,000
Additional long-term borrowings   5,000,000
Repayments of long-term borrowings (25,000,000) (5,000,000)
Common stock dividends (382,000) (367,000)
Preferred stock dividends   (70,000)
Exercise of stock options 81,000 56,000
Net cash used in financing activities (94,934,000) (4,693,000)
Decrease in cash and cash equivalents (75,239,000) (3,546,000)
Cash and cash equivalents at beginning of period 188,340,000 21,853,000
Cash and cash equivalents at end of period 113,101,000 18,307,000
Supplemental Noncash Disclosures    
Interest paid on deposits and borrowed funds 2,490,000 1,872,000
Income taxes paid   $ 12,000
Real estate acquired in satisfaction of loans 171,000  
Initial recognition of operating lease right-of-use asset 2,684,000  
Initial recognition of operating lease liability 2,684,000  
Transfers of loans held for sale to loan portfolio $ 648,000