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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 3,012 $ 1,250  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 538 544  
Amortization of right of use lease asset 104 88  
Accretion related to acquisition, net (4) (20)  
Provision for loan losses 150 300 $ 1,000
Net amortization of securities 205 154  
Decrease (increase) in loans held for sale, net 5,122 (1,719)  
Income from bank owned life insurance (226) (231)  
Stock compensation expense 61 86  
Deferred tax benefit (12) 215  
(Decrease) in other assets (425) (573)  
Increase (decrease) in accrued expenses and other liabilities 5,667 (1,426)  
Net cash provided by (used in) operating activities 14,192 (1,332)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of available-for-sale securities (16,008) (13,570)  
Proceeds from redemption (purchase) of restricted securities, net 334 (226)  
Proceeds from maturities and calls of available-for-sale securities 400 2,500  
Proceeds from sales of available-for-sale securities 1,300 0  
Paydowns on available-for-sale securities 3,850 3,459  
Net (increase) decrease in loans held for investment 28,624 (12,850)  
Purchases of premises and equipment (126) (368)  
Net cash provided by (used in) investing activities 18,374 (21,055)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase (decrease) in noninterest-bearing deposits 24,477 (4,454)  
Increase in savings deposits 26,406 29,816  
Decrease in time deposits (6,561) (12,322)  
Decrease in federal funds purchased, repurchase agreements and other borrowings, net (1,765) (6,785)  
Increase in Federal Home Loan Bank advances 0 25,000  
Repayment of Federal Home Loan Bank advances 0 (20,000)  
Repayment of Federal Reserve Bank borrowings (17,555) 0  
Proceeds from ESPP issuance 25 21  
Cash dividends paid on common stock (626) (624)  
Net cash provided by financing activities 24,401 10,652  
Net increase (decrease) in cash and cash equivalents 56,967 (11,735)  
Cash and cash equivalents at beginning of period 120,437 89,865 89,865
Cash and cash equivalents at end of period 177,404 78,130 $ 120,437
Cash payments for:      
Interest 891 1,639  
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS      
Unrealized (loss) gain on securities available-for-sale (2,144) (563)  
Loans transferred to other real estate owned 0 236  
Former bank property transferred from fixed assets to held for sale assets 902 0  
Right of use lease asset and liability $ 1,277 $ 672