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Condensed Consolidated Statements of Cash Flows (Unaudited) - 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 $ 4,909 $ 4,105  
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 679 655  
Amortization of premiums on available-for-sale securities, net 512 250  
Amortization of servicing rights 505 132  
Amortization of core deposit intangible 140 182  
Amortization of customer list intangible 31    
Net amortization of fair value adjustments 70 157  
Stock-based compensation expense 225 298  
Deferred income taxes   (3)  
Provision for loan loss 1,700 1,430 $ 6,981
Gain on sale of loans held for sale (1,046) (227)  
Originations of loans held for sale (35,536) (17,302)  
Proceeds from sale of loans held for sale 36,811 18,690  
(Gain) loss on sale of other assets owned (25) 1  
Gain on sales of securities available-for-sale (293) (270)  
Increase in cash surrender value of bank owned life insurance (139) (78)  
Change in other assets and other liabilities, net (2,098) (3,369)  
Net cash provided by operating activities 6,445 4,651  
Activity in available-for-sale securities:      
Maturities, prepayments and calls 15,897 21,646  
Sales 7,773 11,843  
Purchases (76,081) (10,569)  
Change in interest-bearing time deposits 248 (560)  
Proceeds from sale of other assets owned 99 28  
Additions to premises and equipment (318) (420)  
Loan originations and principal collections, net (39,722) (27,773)  
Net cash used in investing activities (92,104) (5,805)  
Cash Flows from Financing Activities      
Net change in deposits 87,689 60,276  
Net change in federal funds purchased and securities sold under agreements to repurchase (167) (17,488)  
Repayment of FHLB advances (157) (155)  
Purchase of treasury stock (23) (170)  
Cash dividends paid on common stock (1,889) (1,768)  
Net cash provided by financing activities 85,453 40,695  
Net Increase (Decrease) in Cash and Cash Equivalents (206) 39,541  
Cash and Cash Equivalents - Beginning of year 175,706 51,296 51,296
Cash and Cash Equivalents - End of period 175,500 90,837 $ 175,706
Supplemental cash flow information:      
Interest paid 1,573 3,217  
Supplemental noncash disclosures:      
Transfer of loans to other real estate owned 148    
Cash dividends declared not paid $ 1,889 $ 1,768