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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash Flows From Operating Activities              
Net income $ 4,509 $ 3,178 $ 3,425 $ 2,679 $ 10,993 $ 8,809  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation         562 723  
Accretion and amortization of investment securities premiums and discounts, net         3,039 1,341  
Valuation adjustment on mortgage servicing rights         24 305  
Increase in deferred loan origination fees and costs, net         49 4,254  
(Reversal of) provision for loan losses (1,800)   800   (1,500) 2,250 $ 3,050
Stock-based compensation         440 431  
Losses (gains) on sales/calls of available-for-sale securities 20   (254)   221 (296)  
Amortization of operating lease right-of-use asset         781 769  
Gains on sales of loans held-for-sale (305)   (834)   (1,351) (1,584)  
Proceeds from sales of loans held-for-sale         58,529 58,616  
Originations of loans held-for-sale         (51,914) (57,552)  
Changes in assets and liabilities:              
Decrease (increase) in interest receivable and other assets         1,019 (2,453)  
Decrease in interest payable and other liabilities         (1,587) (1,370)  
Net cash provided by operating activities         19,305 14,243  
Cash Flows From Investing Activities              
Proceeds from calls or maturities of available-for-sale securities         15,190 33,330  
Proceeds from sales of available-for-sale securities         21,917 14,201  
Principal repayments on available-for-sale securities         68,753 47,991  
Purchase of available-for-sale securities         (298,390) (108,312)  
Net decrease (increase) in certificates of deposit         3,412 (3,442)  
Net decrease (increase) in loans         55,576 (203,478)  
Net proceeds from (purchases) redemption of Federal Home Loan Bank stock and other equity securities, at cost         (617) 94  
Purchases of premises and equipment         (803) (842)  
Net cash used in investing activities         (134,962) (220,458)  
Cash Flows From Financing Activities              
Net increase in deposits         271,495 360,369  
Proceeds from Federal Home Loan Bank advances         0 10,000  
Principal payments on Federal Home Loan Bank advances         (5,000) 0  
Cash dividends paid in lieu of fractional shares         (8) (8)  
Stock options exercised         0 4  
Repurchases of common stock         (2,379) 0  
Net cash provided by financing activities         264,108 370,365  
Net increase in Cash and Cash Equivalents         148,451 164,150  
Cash and Cash Equivalents, beginning of period   $ 267,177   $ 111,493 267,177 111,493 111,493
Cash and Cash Equivalents, end of period $ 415,628   $ 275,643   415,628 275,643 $ 267,177
Cash paid during the period for:              
Interest         679 1,222  
Income taxes         3,270 3,350  
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         (5,159) 6,219  
Transfer of loans held-for-sale to loans held-for-investment         $ 1,765 $ 0