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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 8,764,000 $ 11,584,000
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,612,000 (46,000)
Depreciation and amortization 589,000 582,000
Deferred income tax expense (175,000) 996,000
Amortization of fees, discounts, and premiums, net (169,000) (234,000)
Amortization of right-of-use asset 1,454,000 1,386,000
Origination of loans held for sale (14,603,000) (2,477,000)
Proceeds from sales of loans held for sale 12,493,000 2,557,000
Gain on sale of loans, net (666,000) (6,000)
Gain on sale of investment securities available for sale (290,000) (30,000)
Gain on sale of investment securities held to maturity (307,000) (2,757,000)
ESOP expense 641,000 678,000
Share-based compensation expense 366,000 371,000
Increase in accrued interest receivable (1,060,000) (301,000)
Net increase in bank-owned life insurance (403,000) (417,000)
Net increase in prepaid expenses and other assets 171,000 122,000
Net (decrease) increase in accounts payable and accrued expenses 747,000 114,000
Net decrease in lease liability (1,427,000) (1,365,000)
Net decrease in advance payments by borrowers for taxes and insurance (74,000) (130,000)
Net increase in income taxes payable 2,557,000 (529,000)
Net cash from operating activities 10,220,000 10,098,000
Cash flows from investing activities:    
Purchases of investment securities held to maturity   (7,845,000)
Principal repayments on investment securities held to maturity 36,683,000 16,294,000
Principal repayments on investment securities available for sale 760,000 660,000
Proceeds from sale of investment securities held to maturity 4,692,000 3,527,000
Proceeds from sale of investment securities available for sale 3,668,000 809,000
Principal repayments on loans receivable, net of loan originations 36,396,000 (23,526,000)
Purchases of Federal Home Loan Bank stock (21,000) (12,226,000)
Proceeds from redemption of Federal Home Loan Bank stock 600,000 12,016,000
Purchases of Federal Reserve Bank stock (6,000) (2,000)
Proceeds from bank-owned life insurance   788,000
Purchases of premises and equipment (715,000) (356,000)
Net cash from investing activities 82,057,000 (9,861,000)
Cash flows from financing activities:    
Net increase in deposits 13,379,000 16,566,000
Proceeds from advances from the Federal Home Loan Bank   303,700,000
Repayments of advances from the Federal Home Loan Bank (15,000,000) (300,400,000)
Proceeds from securities sold under agreements to repurchase 5,000,000  
Repayments of securities sold under agreements to repurchase (5,000,000) (20,000,000)
Repurchases of common stock (5,000,000) (1,596,000)
Cash dividends paid (4,270,000) (4,042,000)
Net cash from financing activities (10,891,000) (5,772,000)
Net increase (decrease) in cash and cash equivalents 81,386,000 (5,535,000)
Cash and cash equivalents at beginning of the period 44,806,000 47,063,000
Cash and cash equivalents at end of the period 126,192,000 41,528,000
Cash paid for:    
Interest on deposits and borrowings 7,625,000 7,916,000
Income taxes 778,000 2,921,000
Supplemental disclosure of noncash investing and financing activities:    
Company stock acquired through stock swap and net settlement transactions 1,421,000 3,040,000
Company stock acquired, not yet settled   123,000
Company stock repurchased through stock swap and net settlement transactions 1,636,000 3,127,000
Loans securitized into investment securities 9,431,000  
Dividends declared, not yet paid 46,000 (937,000)
Establishment of right-of-use asset 1,786,000 13,008,000
Establishment of lease liability $ 1,786,000 13,486,000
Transfer of securities from held-to-maturity to available-for-sale   $ 11,390,000