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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 7,793 $ 8,236 $ 4,404
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for loan losses (1,216) (649) (523)
Depreciation 1,129 1,078 949
Amortization of premiums (discounts), net 3 16 (3)
Amortization of deferred loan fees (91) (260) (240)
Amortization of core deposit intangible 900 700 700
Amortization of purchased asset fair value adjustments (41) (70) (85)
Amortization of mortgage servicing rights 780 551 555
Capitalized mortgage servicing rights (1,097) (682) (675)
Deferred income tax expense 496 1,084 2,105
Reclassification of certain income tax effects from accumulated other comprehensive loss [1] 0 0 158
Securities (gains) losses, net (46) 36 0
Loss (gain) on sale of premises 24 11 (8)
Gains on real estate owned, net 0 (80) (72)
Gain on sales of loans (2,941) [2] (2,095) [2] (2,138)
Proceeds from sales of loans held for sale 124,858 88,649 90,127
Disbursements on loans held for sale (115,861) (76,489) (78,751)
Amortization of restricted stock awards 187 134 147
Amortization of unearned ESOP shares 193 194 193
Earned ESOP shares priced above original cost 230 206 147
Stock compensation expense 1 17 41
Decrease (increase) in accrued interest receivable 105 (12) 282
Increase (decrease) in accrued interest payable 74 200 (91)
Decrease (increase) in other assets 693 (1,343) 417
Decrease in other liabilities (199) (1,024) (62)
Other, net 28 2 67
Net cash provided by operating activities 15,201 17,809 17,043
Cash flows from investing activities:      
Principal collected on securities available for sale 2,867 1,914 953
Proceeds collected on maturity of securities available for sale 25,400 310 20,100
Purchases of securities available for sale (54,427) (4,888) (20,035)
Purchase of Federal Home Loan Bank stock (1,040) (322) (3,999)
Redemption of Federal Home Loan Bank stock 1,053 272 3,952
Proceeds from sales of real estate owned 0 367 309
Net increase in loans receivable (14,765) (11,483) (43,194)
Proceeds from sale of premises 195 0 8
Purchases of premises and equipment (2,232) (2,497) (1,011)
Net cash used by investing activities (42,949) (16,327) (42,917)
Cash flows from financing activities:      
Increase (decrease) in deposits 50,518 (12,249) 42,794
Warrants purchased 0 (6,453) 0
Stock awards withheld for tax withholding (45) 0 (54)
Excess tax benefit from options exercised 0 64 0
Proceeds from borrowings 26,001 6,801 99,200
Repayment of borrowings (26,001) (6,801) (106,200)
Increase in customer escrows 965 301 137
Net cash provided (used) by financing activities 51,438 (18,337) 35,877
Increase (decrease) in cash and cash equivalents 23,690 (16,855) 10,003
Cash and cash equivalents, beginning of year 20,709 37,564 27,561
Cash and cash equivalents, end of year 44,399 20,709 37,564
Supplemental cash flow disclosures:      
Cash paid for interest 3,265 2,034 1,887
Cash paid for income taxes 2,911 4,264 1,879
Supplemental noncash flow disclosures:      
Loans transferred to loans held for sale 6,253 11,642 9,211
Loans held for sale transferred to loans 0 0 164
Transfer of loans to real estate owned, net 166 74 253
Right to use assets and lease obligations 4,505 0 0
Core Deposits [Member]      
Adjustments to reconcile net income to cash provided by operating activities:      
Amortization of core deposit intangible $ 99 $ 99 $ 99
[1] The reclassification in 2017 relates to the change in the tax rate that occurred because of the enactment of the Tax Cuts and Jobs Act in the fourth quarter of 2017.
[2] Not within the scope of ASC 606.