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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash Flows From Operating Activities      
Net income $ 3,178 $ 2,679  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 188 239  
Accretion and amortization of investment securities premiums and discounts, net 845 404  
Valuation adjustment on mortgage servicing rights (123) 0  
Increase in deferred loan origination fees and costs, net 2,357 22  
Provision for loan losses 300 650 $ 3,050
Stock-based compensation 144 134  
Losses (gains) on sales/calls of available-for-sale securities 10 (38)  
Amortization of operating lease right-of-use asset 251 254  
Gain on sales of loans held-for-sale (639) (164)  
Proceeds from sales of loans held-for-sale 22,165 7,870  
Originations of loans held-for-sale (22,507) (10,040)  
Changes in assets and liabilities:      
Increase in interest receivable and other assets (1,294) (4,908)  
Net decrease in interest payable and other liabilities (3,412) (2,671)  
Net cash used in operating activities 1,463 (5,569)  
Cash Flows From Investing Activities      
Proceeds from calls or maturities of available-for-sale securities 5,750 9,700  
Proceeds from sales of available-for-sale securities 3,643 10,344  
Principal repayments on available-for-sale securities 19,984 14,333  
Purchase of available-for-sale securities (67,054) (39,683)  
Net decrease (increase) in certificates of deposit 2,205 (10,045)  
Net (increase) decrease in loans (67,466) 9,943  
Purchases of premises and equipment (140) (49)  
Net cash used in investing activities (103,078) (5,457)  
Cash Flows From Financing Activities      
Net increase in deposits 128,875 43,398  
Cash dividends paid in lieu of fractional shares (8) (8)  
Stock options exercised 0 4  
Net cash provided by financing activities 128,867 43,394  
Net increase in Cash and Cash Equivalents 27,252 32,368  
Cash and Cash Equivalents, beginning of period 267,177 111,493 111,493
Cash and Cash Equivalents, end of period 294,429 143,861 $ 267,177
Cash paid during the period for:      
Interest 219 517  
Supplemental disclosures of non-cash investing and financing activities:      
Stock dividend distributed 6,636 7,016  
Unrealized holding (losses) gains on available for sale securities, net of taxes (4,172) 5,069  
Transfer of loans held-for-sale to loans held-for-investment $ 1,765 $ 0