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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 11,565 $ 7,177
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses (2,353) 1,548
Depreciation 757 785
Amortization of premiums, net 709 119
Amortization of deferred loan fees (2,342) (350)
Amortization of purchased asset fair value adjustments (20) (26)
Amortization of mortgage servicing rights 881 1,002
Capitalized mortgage servicing rights (1,070) (1,710)
(Gains) losses recognized on equity securities, net (69) 40
Gain on sale of premises (15) (6)
Gain on sales of real estate (1,492) (129)
Gain on sales of loans (4,909) (6,503)
Proceeds from sales of loans held for sale 147,153 202,243
Disbursements on loans held for sale (133,807) (195,571)
Amortization of restricted stock awards 182 184
Amortization of unearned Employee Stock Ownership Plan shares 146 145
Earned Employee Stock Ownership Plan shares priced above original cost 170 112
Decrease (increase) in accrued interest receivable 1,040 (1,985)
Decrease in accrued interest payable (64) (195)
Decrease in other assets 842 1,379
Decrease in other liabilities (850) (170)
Other, net 14 6
Net cash provided by operating activities 16,508 8,169
Cash flows from investing activities:    
Principal collected on securities available for sale 27,739 11,050
Proceeds collected on maturities of securities available for sale 30,762 30,875
Purchases of securities available for sale (148,149) (51,218)
Purchase of Federal Home Loan Bank stock (159) (79)
Proceeds from sales of real estate 2,128 434
Net decrease (increase) in loans receivable 17,323 (79,174)
Proceeds from sale of premises 16 63
Purchases of premises and equipment (440) (669)
Net cash used by investing activities (70,780) (88,718)
Cash flows from financing activities:    
Increase in deposits 120,098 113,153
Purchase of treasury stock (3,866) (360)
Stock awards withheld for tax withholding (7) (60)
Increase (decrease) in customer escrows 1,214 (556)
Net cash provided by financing activities 117,439 112,177
Increase in cash and cash equivalents 63,167 31,628
Cash and cash equivalents, beginning of period 86,269 44,399
Cash and cash equivalents, end of period 149,436 76,027
Supplemental cash flow disclosures:    
Cash paid for interest 1,287 2,488
Cash paid for income taxes 5,310 2,041
Supplemental noncash flow disclosures:    
Loans transferred to loans held for sale 7,757 3,960
Transfer of loans to real estate 0 139
Core Deposits [Member]    
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization of core deposit intangible $ 40 $ 74