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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 11,144 $ 7,463
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of securities premiums, net of accretion 102 91
ESOP expense 732 647
Change in deferred loan fees, net (884) 1,071
Provision for loan losses 1,088 2,422
Depreciation and amortization 542 503
(Increase) Decrease in accrued interest receivable (62) 550
Deferred tax expense (benefit) 1,247 (1,010)
Share-based compensation expense 913 1,278
Bank-owned life insurance income (514) (442)
Principal repayments of operating lease obligations (52) (50)
Gain on loans sold, net (284) (9)
Net increase in other assets (2,591) (2,058)
Net decrease in other liabilities (5,309) (738)
Net cash provided by operating activities 6,072 9,718
Cash flows from investing activities:    
Purchases of debt securities available-for-sale   (5,038)
Proceeds from pay downs, maturities and calls of debt securities available-for-sale 2,565 4,481
(Purchase) Redemption of Federal Home Loan Bank stock (2,958) 110
Loan originations and purchases, net of paydowns (75,927) (23,710)
Proceeds from loan sale 15,851 401
Proceeds from principal repayments on loans held for sale 2,560  
Additions to premises and equipment (94) (181)
Net cash provided by investing activities (58,003) (23,937)
Cash flows from financing activities:    
Net increase in noninterest-bearing accounts 48,824 100,987
Net decrease in interest-bearing accounts (68,847) (16,626)
Cash dividends paid on common stock (1,341) (1,219)
Proceeds from exercise of stock options, net (116) 9
Net change in short-term borrowings 78,000  
Shares surrendered related to tax withholdings on restricted stock awards (40) (2)
Repurchase of common stock (2,860) (12,365)
Net cash provided by financing activities 53,620 70,784
Net increase in cash and cash equivalents 1,689 56,565
Cash and cash equivalents at beginning of period 153,115 83,819
Cash and cash equivalents at end of period 154,804 140,384
Supplemental disclosures:    
Interest paid 931 1,891
Income taxes paid 3,029 $ 4,969
Reclassification of loans held for sale to loans held for investment $ 9,599