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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,872,000 $ 4,982,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Loan loss provision 2,627,000 980,000
Write-down on real estate owned and other repossessed assets 66,000 28,000
Depreciation 1,786,000 1,282,000
Net amortization of investment securities premiums and discounts 866,000 1,237,000
Amortization of mortgage servicing rights 1,637,000 1,203,000
Amortization of core deposit intangible and tax credits 812,000 700,000
Amortization of right of use assets 474,000
Compensation expense related to restricted stock awards 429,000 281,000
ESOP compensation expense for allocated shares 294,000 316,000
Deferred income tax provision 739,000 880,000
Net gain on sale of loans (16,675,000) (7,743,000)
Originations of loans held-for-sale (498,604,000) (279,927,000)
Proceeds from sales of loans held-for-sale 496,675,000 289,285,000
Net (gain) loss on sale of available-for-sale securities (69,000) 187,000
Net loss on sale of real estate owned and other repossessed assets 18,000 54,000
Net gain on sale/disposal of premises and equipment (486,000) (9,000)
Net appreciation in cash surrender value of life insurance (720,000) (486,000)
Net change in:    
Accrued interest and dividends receivable 158,000 (219,000)
Other assets (1,037,000) (7,000)
Accrued expenses and other liabilities 504,000 547,000
Net cash provided by operating activities 366,000 13,571,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sales 58,027,000 51,319,000
Maturities, principal payments and calls 13,646,000 11,908,000
Purchases (51,464,000) (45,970,000)
FHLB stock purchased 592,000 (814,000)
FRB stock purchased (493,000) (568,000)
Cash received (paid) for acquisitions 6,901,000 (4,243,000)
Loan origination and principal collection, net (79,888,000) (50,581,000)
Proceeds from Bank owned life insurance 519,000 205,000
Purchases of Bank owned life insurance (5,600,000)
Proceeds from sale of real estate and other repossessed assets acquired in settlement of loans 352,000 475,000
Proceeds from sale of premises and equipment 2,650,000 9,000
Purchases of premises and equipment (10,543,000) (7,062,000)
Net cash used in investing activities (59,701,000) (50,922,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 89,676,000 23,857,000
Net short-term (payments) advances from FHLB and other borrowings (13,184,000) 46,687,000
Long-term advances from FHLB and other borrowings 33,000,000 4,000,000
Payments on long-term FHLB and other borrowings (32,823,000) (31,434,000)
Purchase of treasury stock (1,210,000)
Dividends paid (2,407,000) (1,995,000)
Net cash provided by financing activities 73,052,000 41,115,000
NET INCREASE IN CASH AND CASH EQUIVALENTS 13,717,000 3,764,000
CASH AND CASH EQUIVALENTS, beginning of period 11,201,000 7,437,000
CASH AND CASH EQUIVALENTS, end of period 24,918,000 11,201,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the year for interest 6,968,000 4,824,000
Cash paid during the year for income taxes 2,777,000 395,000
Acquisitions:    
Assets acquired, excluding cash 100,614,000 90,392,000
Liabilities assumed 94,666,000 82,209,000
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Increase (decrease) in fair value of securities available-for-sale 3,620,000 (1,926,000)
Mortgage servicing rights recognized 3,276,000 1,725,000
Right of use assets obtained in exchange for lease liabilities 2,374,000
Loans transferred to real estate and other assets acquired in foreclosure 132,000 4,000
Stock issued in connection with acquisitions $ 16,435,000 $ 9,030,000