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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 $ 9,014 $ 7,105
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,339 1,325
Amortization and accretion of premiums and discounts on investments, net 1,791 1,825
Amortization of deferred loan fees, net (1,267) 219
Amortization of mortgage servicing rights 251 256
Additions to mortgage servicing rights (75) (208)
Net (decrease) increase on the valuation allowance on mortgage servicing rights (3) 3
Provision for (recapture of) loan losses 669 1,174
Deferred federal income taxes, net 313 (352)
Allocation of ESOP shares 868 851
Share-based compensation 1,062 1,053
Gain on sale of loans, net (1,077) (577)
Gain on sale of securities available for sale, net (836) (50)
Gain on sale of securities held to maturity, net 0 (27)
Increase in cash surrender value of life insurance, net (708) (595)
Origination of loans held for sale (34,080) (22,152)
Proceeds from loans held for sale 34,654 23,517
Change in assets and liabilities:    
Decrease (increase) in accrued interest receivable 117 (303)
Increase in prepaid expenses and other assets (4,108) (65)
(Decrease) increase in accrued interest payable (148) 196
Increase in accrued expenses and other liabilities 6,321 142
Net cash from operating activities 14,097 13,337
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of securities available for sale (58,476) (63,046)
Proceeds from maturities, calls, and principal repayments of securities available for sale 30,157 25,447
Proceeds from sales of securities available for sale 16,545 56,683
Proceeds from maturities, calls, and principal repayments of securities held to maturity 5,756 6,368
Proceeds from sales of securities held to maturity 0 2,702
Redemption of FHLB stock 893 96
Net increase in loans receivable (14,399) (86,134)
Purchase of premises and equipment, net (426) (2,841)
Net cash from investing activities (19,950) (60,725)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 61,385 55,228
Proceeds from FHLB advances 20,000 689,711
Repayment of FHLB advances (43,622) (697,259)
Net increase (decrease) in advances from borrowers for taxes and insurance 55 (138)
Net share settlement of stock awards (305) (294)
Repurchase of common stock (7,830) (10,003)
Dividends paid (1,414) (335)
Net cash from financing activities 28,269 36,910
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 22,416 (10,478)
CASH AND CASH EQUIVALENTS, beginning of period 26,323 36,801
CASH AND CASH EQUIVALENTS, end of period 48,739 26,323
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest on deposits and borrowings 11,596 8,817
Income taxes 1,700 1,020
NONCASH INVESTING ACTIVITIES    
Unrealized gain (loss) on securities available for sale 4,069 (3,993)
Loans transferred to real estate owned and repossessed assets, net of deferred loan fees and allowance for loan losses 412 $ 0
Lease liabilities arising from obtaining right-of-use assets $ 3,919