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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 21,995 $ 19,212
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 61 119
Depreciation and amortization 1,171 1,255
Deferred income tax expense 1,466 829
Amortization of fees, discounts, and premiums, net (493) (469)
Amortization of right-of-use asset 2,761  
Origination of loans held for sale (7,982) (9,912)
Proceeds from sales of loans held for sale 10,133 10,078
Gain on sale of loans, net (1,540) (72)
Net gain on sale of real estate owned   (4)
Gain on sale of investment securities available for sale (153)  
Gain on sale of investment securities held to maturity (2,757) (45)
Net loss on disposal of premises and equipment   6
ESOP expense 1,398 1,456
Share-based compensation expense 571 341
Increase in accrued interest receivable (135) (132)
Net increase in bank-owned life insurance (835) (865)
Net decrease in prepaid expenses and other assets 81 1,315
Net decrease in accounts payable and accrued expenses (629) (4,367)
Net decrease in lease liability (2,638)  
Net (decrease) increase in advance payments by borrowers for taxes and insurance (46) 386
Net decrease in income taxes receivable   1,571
Net (decrease) increase in income taxes payable (102) 924
Net cash from operating activities 22,327 21,626
Cash flows from investing activities:    
Purchases of investment securities held to maturity (9,210) (14,983)
Principal repayments on investment securities held to maturity 42,698 43,959
Principal repayments on investment securities available for sale 1,187 224
Proceeds from sale of investment securities held to maturity 3,527 4,462
Proceeds from sale of investment securities available for sale 5,117  
Loan originations, net of principal repayments on loans receivable (48,782) (85,547)
Purchases of Federal Home Loan Bank stock (22,366) (9,180)
Proceeds from redemption of Federal Home Loan Bank stock 21,736 7,628
Purchases of Federal Reserve Bank stock (14) (11)
Proceeds from bank-owned life insurance 788  
Proceeds from sale of real estate owned   50
Purchases of premises and equipment (718) (363)
Net cash from investing activities (6,037) (53,761)
Cash flows from financing activities:    
Net increase in deposits 2,769 31,869
Proceeds from advances from the Federal Home Loan Bank 557,200 215,700
Repayments of advances from the Federal Home Loan Bank (543,400) (180,700)
Proceeds from securities sold under agreements to repurchase 5,000  
Repayments of securities sold under agreements to repurchase (25,000)  
Purchases of Fed Funds 10 10
Sales of Fed Funds (10) (10)
Proceeds from issuance of common stock 170  
Repurchases of common stock (1,597) (9,270)
Cash dividends paid (13,689) (10,490)
Net cash from financing activities (18,547) 47,109
Net (decrease) increase in cash and cash equivalents (2,257) 14,974
Cash and cash equivalents at beginning of the period 47,063 32,089
Cash and cash equivalents at end of the period 44,806 47,063
Cash paid for:    
Interest on deposits and borrowings 16,873 13,862
Income taxes 4,947 2,787
Supplemental disclosure of noncash investing and financing activities:    
Company stock acquired through stock swap and net settlement transactions 3,703 1,282
Company stock repurchased through stock swap and net settlement transactions 3,789 1,282
Loans transferred to real estate owned   46
Loans securitized into investment securities 36,826  
Dividends declared, not yet paid 82 $ 45
Establishment of right-of-use asset 14,341  
Establishment of lease liability 14,821  
Transfer of securities from held-to-maturity to available-for-sale $ 11,390