| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Net Cash Provided by (Used in) Operating Activities [Abstract] | ||||||
OPERATING ACTIVITIES | ||||||
Consolidated net income (loss) | ||||||
10,537 | 10,507 | 6,163 | 7,897 | 5,982 | 2,712 | |
Reclassification of federal income tax rate change | ||||||
0 | 0 | 245 | 0 | 0 | - | |
Adjustments to reconcile consolidated net income (loss) to net cash provided (used) by operating activities | ||||||
Provision for loan losses | ||||||
1,211 | 1,035 | 1,316 | - | - | - | |
Provision to reflect lower of cost or market value of mortgage loans held for sale | ||||||
0 | 0 | -160 | - | - | - | |
Provision for loan losses | ||||||
- | - | - | 968 | -270 | -1,500 | |
Provision to reflect market value of mortgage loans held for sale | ||||||
- | - | - | -160 | - | - | |
Deferred income taxes | ||||||
398 | 380 | 504 | 235 | -203 | 830 | |
Gain on disposal of premises and equipment | ||||||
0 | 13 | -52 | 0 | 0 | - | |
Depreciation and amortization of premises and equipment | ||||||
1,996 | 1,697 | 1,017 | 976 | 890 | 567 | |
Net amortization of securities | ||||||
-3,051 | -3,182 | -2,030 | -1,551 | -1,110 | -391 | |
Net realized gains on sales of securities | ||||||
1,451 | 43 | 59 | - | - | - | |
Net realized gains on sales of securities | ||||||
- | - | - | 36 | -388 | 143 | |
Gains on mortgage loans sold, net | ||||||
4,905 | 4,418 | 3,675 | 6,317 | 10,999 | 3,447 | |
Stock-based compensation expense | ||||||
1,222 | 923 | 616 | 251 | 104 | 32 | |
Gain on other real estate | ||||||
166 | 259 | 27 | 301 | 6 | -8 | |
Provision for losses on other real estate | ||||||
98 | 0 | 0 | 70 | 110 | 72 | |
Increase in cash surrender value of life insurance contracts | ||||||
1,119 | 1,186 | 836 | 750 | 541 | 360 | |
Mortgage loans originated for resale | ||||||
179,331 | 141,783 | 157,220 | 158,617 | 409,338 | 108,498 | |
Proceeds from sale of mortgage loans | ||||||
162,583 | 176,610 | 127,564 | 208,036 | 391,884 | 87,985 | |
Other amortization (accretion) | ||||||
-2,503 | 756 | 377 | 1,331 | - | - | |
Amortization of core deposit intangible | ||||||
- | - | - | - | 300 | 131 | |
Change in | ||||||
Accrued interest receivable | ||||||
-1,103 | 1,305 | 1,958 | 690 | 465 | 105 | |
Other assets | ||||||
1,198 | 372 | -4,371 | 6,580 | 1,357 | 120 | |
Accrued interest payable | ||||||
959 | 326 | 198 | 52 | -107 | 26 | |
Other liabilities | ||||||
-1,606 | -2,260 | 403 | 1,501 | -167 | 631 | |
TOTAL ADJUSTMENTS | ||||||
-14,652 | 31,758 | -26,241 | 39,178 | -28,667 | -23,500 | |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | ||||||
-4,115 | 42,265 | -20,323 | 47,075 | -22,685 | - | |
Net Cash Provided by (Used in) Investing Activities [Abstract] | ||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||
- | - | - | - | - | -20,788 | |
INVESTING ACTIVITIES | ||||||
Cash received from merger | ||||||
0 | 33,128 | 0 | 0 | - | - | |
Activities in available for sale securities | ||||||
Purchases | ||||||
50,430 | 106,893 | 95,430 | - | - | - | |
Sales | ||||||
85,895 | 100,737 | 18,688 | - | - | - | |
Purchases | ||||||
- | - | - | 59,332 | 62,556 | 22,364 | |
Sales | ||||||
- | - | - | 31,782 | 6,609 | 14,732 | |
Maturities, prepayments and calls | ||||||
12,807 | 12,987 | 6,763 | 9,255 | 7,297 | 2,000 | |
Purchases of restricted equity securities | ||||||
- | 2,190 | 641 | 889 | 1,007 | 436 | |
Redemption of restricted equity securities | ||||||
411 | - | - | - | - | - | |
Net increase in loans | ||||||
180,881 | 145,090 | 105,478 | 48,469 | 51,480 | 30,227 | |
Activities in held to maturity securities - sales | ||||||
- | - | - | - | 20,649 | - | |
Activities in held to maturity securities - maturities, prepayments and calls | ||||||
- | - | - | - | 0 | 105 | |
Purchase of buildings, leasehold improvements, and equipment | ||||||
1,339 | 4,342 | 1,766 | - | - | - | |
Purchase of buildings, leasehold improvements, and equipment | ||||||
- | - | - | 873 | 926 | 340 | |
Proceeds from sale of other real estate | ||||||
1,261 | 1,947 | 0 | 1,313 | 568 | 91 | |
Improvement of other real estate | ||||||
- | - | - | 16 | 0 | - | |
Purchase of life insurance contracts | ||||||
0 | 0 | 8,000 | 4,000 | 4,000 | 2,000 | |
Cash received in merger | ||||||
- | - | - | - | 12,378 | - | |
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | ||||||
-132,276 | -109,716 | -185,864 | -71,229 | -72,468 | - | |
Net Cash Provided by (Used in) Financing Activities [Abstract] | ||||||
NET CASH USED IN INVESTING ACTIVITIES | ||||||
- | - | - | - | - | -38,439 | |
FINANCING ACTIVITIES | ||||||
Net change in deposits | ||||||
145,897 | 121,960 | 119,685 | 124,006 | 57,848 | 44,564 | |
Net change in federal funds purchased | ||||||
0 | 0 | 3,671 | -3,671 | 6,651 | -6,651 | |
Net change in advances from Federal Home Loan Bank | ||||||
-46,707 | -39,195 | 64,514 | -103,418 | 51,403 | - | |
Proceeds from Issuance of Subordinated Long-term Debt | ||||||
59,198 | 0 | 0 | - | - | - | |
Advances from (repayments to) Federal Home Loan Bank, net | ||||||
-46,707 | -39,195 | 64,514 | -103,418 | 51,403 | 8,500 | |
Issuance of common stock, net of repurchase of restricted shares | ||||||
600 | 398 | 24,032 | 4,772 | 1,820 | - | |
Redemption of common stock to settle tax liability on restricted stock | ||||||
8,379 | 6 | 0 | 0 | - | - | |
Stock issuance costs | ||||||
- | - | - | - | 149 | 2 | |
Noncontrolling interest contributions received | ||||||
5,659 | 2,255 | 1,245 | 285 | 305 | 775 | |
Cash dividends paid on common stock | ||||||
4,013 | 3,451 | 3,193 | 1,489 | 0 | 783 | |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||
152,255 | 81,961 | 202,612 | 27,827 | 104,576 | - | |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
15,864 | 14,510 | -3,575 | - | - | - | |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | ||||||
- | - | - | - | - | 59,705 | |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
- | - | - | 3,673 | 9,423 | 478 | |
Cash paid during the period for | ||||||
Cash paid during the year for | ||||||
Interest | ||||||
22,421 | 14,638 | 5,473 | 3,311 | 2,742 | - | |
Taxes | ||||||
1,303 | 1,400 | 1,750 | 3,091 | 4,232 | - | |
Interest | ||||||
- | - | - | - | - | 1,603 | |
Taxes | ||||||
- | - | - | - | - | 142 | |
Non-cash investing and financing activities | ||||||
Unrealized gain (loss) on securities available-for-sale | ||||||
13,842 | -6,925 | 5,380 | - | - | - | |
Unrealized gain (loss) on securities available-for-sale | ||||||
- | - | - | -3,792 | 293 | 2,439 | |
Unrealized gain (loss) on derivatives | ||||||
-1,992 | -690 | 47 | 423 | 0 | - | |
Change in due to/from noncontrolling interest | ||||||
5,659 | 3,578 | 1,083 | 754 | -712 | 409 | |
Foreclosures transferred from loans to other real estate | ||||||
943 | 1,060 | 0 | 0 | 622 | - | |
Dividends declared, not paid | ||||||
76 | 1,036 | 542 | 1,711 | 1,489 | - | |