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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net income $ 6,587 $ 6,484
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 383 377
Accretion and amortization of investment securities premiums and discounts, net 2,523 1,879
Valuation adjustment on mortgage servicing rights (276) (34)
(Decrease) increase in deferred loan origination fees and costs, net (2,252) 1,614
Provision for loan losses 600 300
Stock-based compensation 332 292
Losses on sales/calls of available-for-sale securities 152 201
Amortization of operating lease right-of-use asset 560 503
Gains on sales of loans held-for-sale (118) (1,046)
Proceeds from sales of loans held-for-sale 8,796 44,091
Originations of loans held-for-sale (7,615) (36,926)
Changes in assets and liabilities:    
Increase in interest receivable and other assets (1,634) (547)
Decrease in interest payable and other liabilities (2,139) (2,682)
Net cash provided by operating activities 5,899 14,506
Cash Flows From Investing Activities    
Proceeds from calls or maturities of available-for-sale securities 8,590 10,190
Proceeds from sales of available-for-sale securities 6,349 19,447
Principal repayments on available-for-sale securities 54,926 43,134
Purchases of available-for-sale securities (121,041) (206,980)
Proceeds from maturities of certificates of deposit 3,926 3,920
Proceeds from sales of certificates of deposit 493 0
Purchases of certificates of deposit (2,480) 0
Net (increase) decrease in loans (77,565) 2,931
Purchases of Federal Home Loan Bank stock and other equity securities, at cost (2,343) (617)
Purchases of premises and equipment (12) (245)
Net cash used in investing activities (129,157) (128,220)
Cash Flows From Financing Activities    
Net increase in deposits 22,893 185,065
Principal payments on Federal Home Loan Bank advances 0 (5,000)
Cash dividends paid in lieu of fractional shares (8) (8)
Repurchases of common stock (84) (925)
Net cash provided by financing activities 22,801 179,132
Net (decrease) increase in Cash and Cash Equivalents (100,457) 65,418
Cash and Cash Equivalents, beginning of period 345,929 267,177
Cash and Cash Equivalents, end of period 245,472 332,595
Cash paid during the period for:    
Interest 395 452
Income taxes 2,610 2,670
Supplemental disclosures of non-cash investing and financing activities:    
Stock dividend distributed 6,992 6,636
Unrealized holding losses on available for sale securities, net of taxes (30,604) (4,026)
Transfer of loans held-for-sale to loans held-for-investment 0 1,765
Market value of shares tendered in-lieu of cash to pay for exercise of options 65 32
Recognition of right-of-use assets obtained in exchange for operating lease liabilities $ 707 $ 0