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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 6,995 $ 5,313
Items not requiring (providing) cash    
Accretion of premiums and discounts on securities, net 274 314
Amortization of intangible asset 113 113
Depreciation and amortization 861 875
Expense related to share based compensation plans 310 219
Expense related to ESOP 0 210
(Credit) Provision for loan losses (855) 3,304
Increase in value of bank-owned life insurance (334) (356)
Gain on sale of loans (218) (93)
Proceeds from sale of loans held for sale 9,674 4,289
Originations of loans held for sale (9,456) (4,196)
Gain on sale or write down of foreclosed assets (75) (3)
Gain on sale of available-for-sale securities (1,250) (2,594)
Amortization of debt service costs 46 46
Net change in accrued interest receivable and other assets (1,037) (735)
Net change in accrued expenses and other liabilities 1,291 (185)
Net cash provided by operating activities 6,339 6,521
Securities available for sale:    
Maturities, prepayments and calls 20,774 28,908
Purchases (11,400) (22,602)
Proceeds from sale of available-for-sale securities 11,125 31,675
Net change in loans (18,615) (2,051)
(Purchase) redemption of Federal Home Loan Bank Stock 473 (240)
Purchase of Bank Owned Life insurance (159) (450)
Purchases of premises and equipment-net (581) (2,046)
Proceeds from sale of foreclosed assets 517 185
Net cash provided by investing activities 2,134 33,379
Financing Activities    
Net change in deposits 28,973 28,787
Net change in securities sold under repurchase agreements 5,575 10,112
Net change in FHLB overnight borrowings 0 (39,800)
Repurchase of common stock 0 (526)
Cash dividends paid on common stock (3,206) (2,521)
Net cash (used in) provided by financing activities 31,342 (3,948)
Increase in Cash and Cash Equivalents 39,815 35,952
Cash and Cash Equivalents, Beginning of Period 51,592 14,985
Cash and Cash Equivalents, End of Period 91,407 50,937
Supplemental Cash Flows Information    
Interest paid on deposits and borrowings 2,380 3,613
Federal income taxes 200 480
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Transfers from loans to foreclosed assets held for sale $ 70 $ 110