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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net income $ 6,748 $ 7,954
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,406 1,388
Provision for loan losses 3,247 715
Amortization/accretion of premiums, discounts and deferred costs and fees, net (213) 406
Amortization of operating lease right-of-use assets 136 132
Amortization of intangible assets and mortgage servicing rights 261 249
Realized gain on sales of debt securities, net (687) (78)
Change in fair value of equity securities 4 (12)
Net gain on sales of loans (241) (114)
Net (gain) loss on foreclosed real estate 3 (49)
Net loss on sale of premises and equipment 277 279
Loans originated for sale (213) (6,027)
Proceeds from the sale of loans originated for sale 144 6,178
Write-down of foreclosed real estate 56 37
Stock compensation expense 459 368
Increase in bank-owned life insurance (401) (406)
Proceeds from bank-owned life insurance claim (160)
Decrease (increase) in deferred taxes (603) 122
Increase in accrued interest receivable (1,186) (30)
Increase in prepaid expenses and other assets (590) (107)
Increase (decrease) in accrued interest payable (142) 121
Increase (decrease) in accrued expenses and other liabilities 1,066 (538)
Net cash provided by operating activities 9,531 10,428
Cash flows from investing activities    
Loan originations and principal collections, net (113,305) 10,791
Proceeds from sales of loans held for sale previously classified as portfolio loans 5,260 967
Available-for-sale securities:    
Sales 43,906 36,370
Maturities, repayments and calls 23,238 19,007
Purchases (56,777) (76,149)
Purchase of federal bank stocks (3,190) (1,946)
Redemption of federal bank stocks 3,345 2,507
Net change in interest earning time deposits 3,980 (2,960)
Proceeds from surrender of bank-owned life insurance 220  
Proceeds from the sale of bank premises and equipment 397 251
Purchases of premises and equipment (1,155) (1,809)
Proceeds from the sale of foreclosed real estate 436 1,109
Net cash used in investing activities (93,645) (11,862)
Cash flows from financing activities    
Net increase in deposits 106,503 25,578
Proceeds from long-term debt 20,000  
Repayments on long-term debt (16,500) (6,000)
Net change in short-term borrowings (10,800)
Dividends paid (3,436) (3,313)
Net cash provided by financing activities 106,567 5,465
Net increase in cash and cash equivalents 22,453 4,031
Cash and cash equivalents at beginning of period 14,986 10,955
Cash and cash equivalents at end of period 37,439 14,986
Supplemental information:    
Interest paid 8,204 7,962
Income taxes paid 1,350 1,410
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 590 645
Initial recognition of operating lease right-of-use assets 1,642
Initial recognition of operating lease liabilities 1,858
Transfers from portfolio loans to loans held for sale $ 5,025 $ 1,004