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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES:      
Net income $ 23,653,000 $ 21,919,000 $ 12,893,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,100,000 2,050,000 1,650,000
Net amortization of purchase premiums and discounts on securities 189,000 220,000 290,000
Depreciation and amortization 1,619,000 1,937,000 1,238,000
Deferred income tax (benefit) expense (299,000) (1,262,000) 1,546,000
Net security (gains) losses (52,000) 4,000 (62,000)
Stock compensation expense 1,271,000 1,053,000 746,000
(Gain) loss on sale of OREO (16,000) (169,000) 245,000
Valuation writedowns on OREO 0 0 151,000
Gain on sale of mortgage loans held for sale, net (2,143,000) (1,390,000) (1,699,000)
Gain on sale of SBA loans held for sale, net (909,000) (1,680,000) (1,617,000)
Origination of mortgage loans held for sale (120,173,000) (80,729,000) (82,088,000)
Origination of SBA loans held for sale (10,246,000) (9,510,000) (24,394,000)
Proceeds from sale of mortgage loans held for sale, net 122,316,000 82,119,000 83,787,000
Proceeds from sale of SBA loans held for sale, net 15,768,000 23,939,000 20,998,000
BOLI income (588,000) (975,000) (469,000)
Gain on sale of premises and equipment (766,000) 0 0
Net change in other assets and liabilities 1,480,000 1,064,000 1,234,000
Net cash provided by operating activities 33,204,000 38,590,000 14,449,000
INVESTING ACTIVITIES      
Purchases of securities held to maturity 0 0 (163,000)
Purchase of equity securities 0 (1,133,000) 0
Purchases of securities available for sale (13,084,000) (579,000) (29,382,000)
Purchases of FHLB stock, at cost (90,644,000) (72,115,000) (17,408,000)
Maturities and principal payments on securities held to maturity 633,000 1,393,000 4,278,000
Maturities and principal payments on securities available for sale 5,441,000 5,396,000 13,220,000
Proceeds from sales of securities held to maturity 0 0 529,000
Proceeds from sales of equity securities 198,000 0 0
Proceeds from sales of securities available for sale 5,606,000 0 2,777,000
Proceeds from redemption of FHLB stock 87,255,000 74,183,000 10,583,000
Proceeds from sale of OREO 269,000 440,000 1,034,000
Net increase in loans (128,876,000) (147,223,000) (193,592,000)
Proceeds from BOLI 0 492,000 0
Purchase of BOLI (1,025,000) 0 (10,000,000)
Proceeds from sale of premises and equipment 1,821,000 0 0
Purchases of premises and equipment (709,000) (1,507,000) (1,509,000)
Net cash used in investing activities (133,115,000) (140,653,000) (219,633,000)
FINANCING ACTIVITIES      
Net increase in deposits 42,427,000 164,550,000 97,414,000
Proceeds from new borrowings 283,000,000 210,000,000 220,000,000
Repayments of borrowings (210,000,000) (275,000,000) (66,000,000)
Proceeds from exercise of stock options 453,326 576,119 509,047
Market value of shares withheld to cover employee tax liability (213,000) 0 0
Dividends on common stock (3,255,000) (2,802,000) (2,380,000)
Net cash provided by financing activities 112,412,000 97,324,000 249,543,000
Increase (decrease) in cash and cash equivalents 12,501,000 (4,739,000) 44,359,000
Cash and cash equivalents, beginning of year 145,515,000 150,254,000 105,895,000
Cash and cash equivalents, end of year 158,016,000 145,515,000 150,254,000
SUPPLEMENTAL DISCLOSURES      
Interest paid 18,006,000 13,546,000 9,447,000
Income taxes paid 8,222,000 5,941,000 7,002,000
Noncash investing activities:      
Transfer of securities held to maturity to available for sale 14,221,000 0 0
Establishment of lease liability and right-of-use asset 3,234,000 0 0
Transfer of SBA loans held for sale to held to maturity 0 0 13,000
Capitalization of servicing rights 643,000 938,000 172,000
Transfer of loans to OREO $ 2,151,000 $ 127,000 $ 872,000