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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jan. 01, 2019
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash Flows from Operating Activities        
Net income   $ 4,105 $ 3,224  
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation   655 656  
Amortization of available-for-sale securities, net   250 170  
Amortization of servicing rights   132 75  
Amortization of core deposit intangible   182 182  
Net amortization of fair value adjustments   157 155  
Stock-based compensation expense   282 434  
Deferred income taxes   (3)    
Provision for loan loss   1,430 30 $ 1,138
Gain on sale of loans held for sale   (227) (102)  
Originations of loans held for sale   (17,302) (8,340)  
Proceeds from sale of loans held for sale   18,690 7,764  
Loss on sale of other assets owned   1 15  
(Gain) loss on sales of securities available-for-sale   (270) 26  
Change in other assets and other liabilities, net   (3,431) 3,516  
Net cash provided by operating activities   4,651 7,805  
Activity in available-for-sale securities:        
Maturities, prepayments and calls   21,646 1,703  
Sales   11,843 11,100  
Purchases   (10,569) 35  
Activity in other securities, at cost:        
Sales     237  
Change in interest-bearing time deposits   (560) (490)  
Proceeds from sale of other assets owned   28 75  
Additions to premises and equipment   (420) (706)  
Loan originations and principal collections, net   (27,773) 5,301  
Acquisition of Limberlost, net of cash received     (2,089)  
Net cash provided by (used in) investing activities   (5,805) 15,166  
Cash Flows from Financing Activities        
Net change in deposits   60,276 52,416  
Net change in federal funds purchased and securities sold under agreements to repurchase   (17,488) (6,660)  
Repayment of FHLB advances   (155) (23,651)  
Purchase of treasury stock   (170) (213)  
Cash dividends paid on common stock   (1,768) (1,379)  
Net cash provided by financing activities   40,695 20,513  
Net Increase in Cash and Cash Equivalents   39,541 43,484  
Cash and Cash Equivalents - Beginning of year $ 38,365 51,296 38,365 38,365
Cash and Cash Equivalents - End of period   90,837 81,849 $ 51,296
Cash paid during the year for:        
Interest   $ 3,217 2,655  
Limberlost Bancshares, Inc. [Member]        
The Company purchased all of the capital stock of Limberlost for $78,902 on January 1, 2019. In conjunction with the acquisition, liabilities were assumed as follows:        
Fair value of assets acquired     336,380  
Less: common stock issued     70,437  
Cash paid for the capital stock $ 8,500   8,465  
Liabilities assumed     $ 257,478