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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 1,487 $ 3,418
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses 296 (576)
Depreciation 315 254
Amortization of premiums, net 282 181
Amortization of deferred loan fees (82) (625)
Amortization of purchased loan fair value adjustments (11) (5)
Amortization of mortgage servicing rights 225 297
Capitalized mortgage servicing rights (215) (368)
Losses (gains) recognized on equity securities 31 (53)
Gain on sales of loans (868) (1,773)
Proceeds from sale of loans held for sale 33,877 50,040
Disbursements on loans held for sale (23,739) (46,156)
Amortization of restricted stock awards 62 60
Amortization of unearned Employee Stock Ownership Plan shares 48 49
Earned Employee Stock Ownership Plan shares priced above original cost 75 49
(Increase) decrease in accrued interest receivable (137) 728
(Decrease) increase in accrued interest payable (5) 5
Decrease (increase) in other assets 720 (1,586)
Decrease in other liabilities (1,270) (1,295)
Other, net 1 2
Net cash provided by operating activities 11,098 2,671
Cash flows from investing activities:    
Principal collected on securities available for sale 12,132 7,498
Proceeds collected on maturities of securities available for sale 0 25,682
Purchases of securities available for sale (25,043) (66,268)
Purchase of Federal Home Loan Bank stock (191) (159)
Net increase in loans receivable (32,276) (960)
Proceeds from sale of premises 4 0
Purchases of premises and equipment (172) (66)
Net cash used by investing activities (45,546) (34,273)
Cash flows from financing activities:    
(Decrease) increase in deposits (30,268) 60,274
Purchase of treasury stock (743) (523)
Stock awards withheld for tax withholding (53) 0
Dividends to stockholders (266) 0
Increase in customer escrows 811 973
Net cash (used) provided by financing activities (30,519) 60,724
(Decrease) increase in cash and cash equivalents (64,967) 29,122
Cash and cash equivalents, beginning of period 94,143 86,269
Cash and cash equivalents, end of period 29,176 115,391
Supplemental cash flow disclosures:    
Cash paid for interest 288 448
Cash paid for income taxes 0 1,921
Supplemental noncash flow disclosures:    
Loans transferred to loans held for sale 5,451 3,008
Core Deposits [Member]    
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization of core deposit intangible $ 6 $ 25