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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 3,255 $ 1,794  
Adjustments to reconcile net income to net cash provided (used) from operating activities:      
Depreciation 431 403  
Net premium amortization 554 469  
Provision for loan losses 177 1,075 $ 3,663
Origination of loans held-for-sale (42,664) (34,427)  
Sale of loans held-for-sale 64,203 33,645  
Gain on sale of other real estate owned (77) (6)  
Amortization of intangibles 57 105  
Accretion on acquired loans (36) (106)  
Loss on fair value of securities (2)  
Increase (decrease) in other assets 735 (80)  
Decrease in other liabilities (670) (357)  
Net cash provided (used) from operating activities 25,963 2,515  
Cash flows from investing activities:      
Purchase of investment securities available-for-sale (67,287) (11,882)  
Purchase of other investment securities (70)  
Maturity/call of investment securities available-for-sale 12,953 13,606  
Proceeds from FHLB stock sales 355  
Increase in loans (24,873) (12,495)  
Proceeds from sale of other real estate owned 201  
Purchase of property and equipment (126) (214)  
Net cash (used) provided in investing activities (78,777) (11,055)  
Cash flows from financing activities:      
Increase (decrease) in deposit accounts 82,027 (1,555)  
Increase in securities sold under agreements to repurchase 19,405 12,745  
Advances from the Federal Home Loan Bank 10,001  
Repayment of advances from Federal Home Loan Bank (10,212)  
Shares retired / forfeited (70) (15)  
Dividends paid:  Common Stock (896) (891)  
Proceeds from issuance of Common Stock 46 4  
Change in non-vested restricted stock 84 52  
Dividend reinvestment plan 92 95  
Net cash provided (used) from financing activities 100,688 10,224  
Net increase in cash and cash equivalents 47,874 1,684  
Cash and cash equivalents at beginning of period 64,992 47,692 47,692
Cash and cash equivalents at end of period 112,866 49,376 $ 64,992
Cash paid during the period for:      
Interest 1,053 1,462  
Income taxes  
Non-cash investing and financing activities:      
Unrealized loss on securities $ (6,161) $ 5,871