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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,479 $ 6,623
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (increase) decrease in deferred loan fees (559) 36
Depreciation 223 240
Accretion (327) (338)
Amortization 1,633 942
Stock-based compensation 101 121
(Reversal of) provision for credit losses (1,800) 1,375
Net realized gains on sales of available-for-sale investment securities 0 (4,198)
Net gain on disposal of premises and equipment (2) 0
Net change in equity securities 134 (120)
Increase in bank-owned life insurance, net of expenses (173) (182)
Gain (Loss) on Bank Owned Life Insurance 0 64
Net (increase) decrease in accrued interest receivable and other assets (504) 644
Net increase in accrued interest payable and other liabilities 69 1,464
Benefit (provision) for deferred income taxes 105 (612)
Net cash provided by operating activities 6,379 5,931
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (84,685) (155,742)
Proceeds from sales or calls of available-for-sale investment securities 0 106,037
Proceeds from maturity and principal repayments of available-for-sale investment securities 11,331 8,136
Net decrease in loans 13,507 13,616
Purchases of premises and equipment (344) (32)
Proceeds from bank-owned life insurance 0 531
Proceeds from sale of premises and equipment 2 0
Net cash used in investing activities (60,189) (27,454)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand, interest bearing and savings deposits 200,112 21,196
Net decrease in time deposits (419) (3,890)
Purchase and retirement of common stock 0 11,052
Proceeds from stock issued under employee stock purchase plan 56 58
Proceeds from exercise of stock options 1 207
Cash dividend payments on common stock (1,377) (1,408)
Net cash provided by financing activities 198,373 5,111
Increase (decrease) in cash and cash equivalents 144,563 (16,412)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 70,278 52,574
CASH AND CASH EQUIVALENTS AT END OF PERIOD 214,841 36,162
Cash paid during the period for:    
Interest 298 502
Operating cash flows from operating leases 562 559
Non-cash investing and financing activities:    
Purchases of available-for-sale investment securities, not yet settled $ 0 $ 12,718