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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income $ 36,119,000 $ 23,644,000 $ 23,653,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 181,000 7,000,000 2,100,000
Net amortization of purchase premiums and discounts on securities 209,000 241,000 189,000
Depreciation and amortization 1,609,000 1,909,000 1,619,000
SBA PPP deferred fees and costs (1,464,000) 2,947,000  
Deferred income tax benefit (1,456,000) (3,090,000) (299,000)
Net security gains (46,000) (322,000) (52,000)
Stock compensation expense 1,617,000 1,412,000 1,271,000
Gain on sale of OREO   (68,000) (16,000)
Valuation writedowns on OREO 0 225,000 0
Gain on sale of mortgage loans, net (4,567,000) (5,594,000) (2,143,000)
Gain on sale of SBA loans held for sale, net (741,000) (1,642,000) (909,000)
Origination of mortgage loans sold (286,408,000) (290,808,000) (120,173,000)
Origination of SBA loans held for sale (20,108,000) (13,998,000) (10,246,000)
Proceeds from sale of mortgage loans, net 290,975,000 296,402,000 122,316,000
Proceeds from sale of SBA loans held for sale, net 6,466,000 19,826,000 15,768,000
BOLI income (689,000) (613,000) (588,000)
Gain on sale of premises and equipment 4,000 0 (766,000)
Net change in other assets and liabilities 1,753,000 (3,726,000) 1,480,000
Net cash provided by operating activities 23,454,000 33,745,000 33,204,000
INVESTING ACTIVITIES      
Purchases of securities held to maturity (21,923,000)    
Purchase of equity securities (6,100,000) 0 0
Purchases of securities available for sale (30,301,000) (3,802,000) (13,084,000)
Purchases of FHLB stock, at cost (39,036,000) (76,915,000) (90,644,000)
Maturities and principal payments on securities held to maturity 7,643,000   633,000
Maturities and principal payments on debt securities available for sale 12,571,000 15,205,000 5,441,000
Proceeds from sales of securities available for sale 7,048,000 6,635,000 5,606,000
Proceeds from sales of equity securities 53,000 111,000 198,000
Proceeds from redemption of FHLB stock 46,080,000 80,505,000 87,255,000
Proceeds from sale of OREO   1,566,000 269,000
Net decrease (increase) in SBA PPP loans 73,208,000 (121,182,000)  
Net increase in loans (80,029,000) (88,770,000) (128,876,000)
Proceeds from BOLI 595,000 422,000 0
Purchase of BOLI 0 0 (1,025,000)
Proceeds from sale of premises and equipment 20,000 0 1,821,000
Purchases of premises and equipment (1,269,000) (559,000) (709,000)
Net cash used in investing activities (31,440,000) (186,784,000) (133,115,000)
FINANCING ACTIVITIES      
Net increase in deposits 200,922,000 307,845,000 42,427,000
Proceeds from new borrowings   160,000,000 283,000,000
Repayments of borrowings (160,000,000) (243,000,000) (210,000,000)
Proceeds from exercise of stock options 630,302 451,420 453,326
Fair market value of shares withheld to cover employee tax liability (251,000) (222,000) (213,000)
Dividends on common stock (3,617,000) (3,298,000) (3,255,000)
Purchase of treasury stock (4,191,000) (7,442,000)  
Net cash provided by financing activities 33,493,000 214,334,000 112,412,000
Increase in cash and cash equivalents 25,507,000 61,295,000 12,501,000
Cash and cash equivalents, beginning of period 219,311,000 158,016,000 145,515,000
Cash and cash equivalents, end of period 244,818,000 219,311,000 158,016,000
SUPPLEMENTAL DISCLOSURES      
Interest paid 7,860,000 14,687,000 18,006,000
Income taxes paid 13,990,000 11,112,000 8,222,000
Noncash investing activities:      
Transfer of securities held to maturity to available for sale 0 0 14,221,000
Establishment of lease liability and right-of-use asset 3,138,000 28,000 3,234,000
Transfer of SBA loans held for sale to held to maturity 0 2,633,000 0
Capitalization of servicing rights $ 126,000 $ 722,000 643,000
Transfer of loans to OREO     $ 2,151,000