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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net income $ 3,543 $ 3,255 $ 2,217 $ 1,794 $ 6,798 $ 4,011  
Adjustments to reconcile net income to net cash provided (used) from operating activities:              
Depreciation         853 807  
Net premium amortization         1,089 984  
Provision for loan losses 168   1,250   345 2,325 $ 3,663
Origination of loans held-for-sale         (76,404) (85,207)  
Sale of loans held-for-sale         110,008 62,866  
Write-down of other real estate owned         33 38  
Gain on sale of other real estate owned         (77) (6)  
Amortization of intangibles 52   95   109 200  
Accretion on acquired loans         (64) (179)  
Loss on fair value of securities         (2)  
Increase (decrease) in other assets         786 (2,221)  
Decrease in other liabilities         (2,042) 4,385  
Net cash provided (used) from operating activities         41,432 (11,997)  
Cash flows from investing activities:              
Purchase of investment securities available-for-sale         (139,458) (22,077)  
Purchase of other investment securities         (20) (70)  
Maturity/call of investment securities available-for-sale         24,424 21,948  
Proceeds from FHLB stock sales         355  
Increase in loans         (34,338) (83,570)  
Proceeds from sale of other securities         9  
Proceeds from sale of other real estate owned         201  
Purchase of property and equipment         (277) (527)  
Net cash (used) provided in investing activities         (149,113) (84,287)  
Cash flows from financing activities:              
Increase (decrease) in deposit accounts         100,470 130,672  
Increase in securities sold under agreements to repurchase         19,573 12,355  
Advances from the Federal Home Loan Bank         34,001  
Repayment of advances from Federal Home Loan Bank         (34,212)  
Shares retired / forfeited   (70)   (15) (70) (15)  
Dividends paid: Common Stock         (1,794) (1,783)  
Issuance of deferred compensation shares     200   200  
Proceeds from issuance of Common Stock         136 4  
Change in non-vested restricted stock 93 84 69 52 177 121  
Dividend reinvestment plan         184 187  
Net cash provided (used) from financing activities         118,676 141,530  
Net increase in cash and cash equivalents         10,995 45,246  
Cash and cash equivalents at beginning of period   $ 64,992   $ 47,692 64,992 47,692 47,692
Cash and cash equivalents at end of period $ 75,987   $ 92,938   75,987 92,938 $ 64,992
Cash paid during the period for:              
Interest         2,396 3,070  
Income taxes         2,837  
Non-cash investing and financing activities:              
Unrealized gain (loss) on securities         (3,841) 9,977  
Transfer of loans to foreclosed property         $ 145 $ 78