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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net income $ 9,163 $ 11,672
Adjustments to reconcile to net income to net cash from operating activities    
Provision for loan losses 55 3,825
Depreciation 1,673 1,613
Amortization of premiums and discounts on securities 6 8
Amortization of intangibles 34 61
Amortization of servicing assets 78 85
Net change in net deferred loan origination costs 541 157
Gain on sale of other real estate owned (22) (111)
Gain on sale of equity securities 0 (295)
Loss on disposal of other assets 5 44
Other real estate owned valuation adjustments 0 38
Earnings on bank-owned life insurance [1] (70) (136)
Net change in:    
Deferred income tax 1,137 2,362
Accrued interest receivable 622 389
Other assets 1,300 3,864
Accrued interest payable and other liabilities (1,005) (2,202)
Net cash from operating activities 13,517 21,374
Cash flows from investing activities    
Proceeds from maturities 77,762 107,921
Proceeds from principal repayments 2,691 3,076
Proceeds from sale of equity securities 0 3,722
Purchases of securities (44,113) (83,081)
Net decrease in loans receivable 164,666 151,501
Redemption of FHLB and FRB stock 0 540
Purchase of FHLB and FRB stock 0 (4)
Proceeds from sale of other real estate owned 120 1,299
Other real estate owned capitalized expenditures (47) 0
Purchase of premises and equipment, net (2,007) (798)
Net cash from investing activities 199,072 184,176
Cash flows from financing activities    
Deposits 108,787 (67,727)
Borrowings 3,939 (20,988)
Advance payments by borrowers for taxes and insurance (1,552) (309)
Repurchase and retirement of common stock (4,610) (18,139)
Cash dividends paid on common stock (5,982) (6,266)
Net cash from (used in) financing activities 100,582 (113,429)
Net change in cash and cash equivalents 313,171 92,121
Beginning cash and cash equivalents 190,325 98,204
Ending cash and cash equivalents 503,496 190,325
Supplemental disclosures of cash flow information:    
Interest paid 7,035 13,446
Income taxes paid 191 349
Income taxes refunded 14 18
Loans transferred to other real estate owned 33 186
Recording of right of use asset in exchange for lease obligations in other assets and other liabilities $ 111 $ 6,694
[1] Not within the scope of ASC 606