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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash Flows From Operating Activities              
Net income $ 3,306 $ 3,178 $ 2,705 $ 2,679 $ 6,484 $ 5,384  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation         377 480  
Accretion and amortization of investment securities premiums and discounts, net         1,879 835  
Valuation adjustment on mortgage servicing rights         (34) 198  
Increase in deferred loan origination fees and costs, net         1,614 5,685  
Provision for loan losses 0   800   300 1,450 $ 3,050
Stock-based compensation         292 283  
Losses (gains) on sales/calls of available-for-sale securities 191   (4)   201 (42)  
Amortization of operating lease right-of-use asset         503 511  
Gains on sales of loans held-for-sale (407)   (586)   (1,046) (750)  
Proceeds from sales of loans held-for-sale         44,091 36,088  
Originations of loans held-for-sale         (36,926) (33,056)  
Changes in assets and liabilities:              
Increase in interest receivable and other assets         (547) (1,004)  
Decrease in interest payable and other liabilities         (2,682) (2,297)  
Net cash provided by operating activities         14,506 13,765  
Cash Flows From Investing Activities              
Proceeds from calls or maturities of available-for-sale securities         10,190 21,700  
Proceeds from sales of available-for-sale securities         19,447 10,344  
Principal repayments on available-for-sale securities         43,134 29,691  
Purchase of available-for-sale securities         (206,980) (46,777)  
Net decrease (increase) in certificates of deposit         3,920 (5,638)  
Net decrease (increase) in loans         2,931 (218,356)  
Net (increase) decrease in stock in Federal Home Loan Bank and other equity securities, at cost         (617) 94  
Purchases of premises and equipment         (245) (779)  
Net cash used in investing activities         (128,220) (209,721)  
Cash Flows From Financing Activities              
Net increase in deposits         185,065 299,571  
Decrease in Federal Home Loan Bank advances         (5,000)    
Increase in Federal Home Loan Bank advances           10,000  
Cash dividends paid in lieu of fractional shares         (8) (8)  
Stock options exercised         0 4  
Repurchases of common stock         (925) 0  
Net cash provided by financing activities         179,132 309,567  
Net increase in Cash and Cash Equivalents         65,418 113,611  
Cash and Cash Equivalents, beginning of period   $ 267,177   $ 111,493 267,177 111,493 111,493
Cash and Cash Equivalents, end of period $ 332,595   $ 225,104   332,595 225,104 $ 267,177
Cash paid during the period for:              
Interest         452 912  
Income taxes         2,670 2,450  
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         (4,026) 6,308  
Transfer of loans held-for-sale to loans held-for-investment         $ 1,765 $ 0