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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net Income $ 7,081 $ 681
Items not requiring (providing) cash    
Depreciation and amortization 489 477
Provision for loan losses 750 600
Expense of share-based compensation plan 123 110
Amortization of premiums and discounts on securities 280 70
Amortization of intangible assets 17 2
Amortization of originated mortgage servicing rights 1,187 597
Impairment (recovery) of mortgage servicing rights (2,706) 2,212
Proceeds from sale of loans held for sale 136,708 84,476
Originations of loans held for sale (133,500) (87,259)
Gain from sale of loans (5,876) (2,053)
Loss on sales of assets 2 46
Changes in    
Interest receivable 428 166
Other assets 2,467 (7,089)
Interest payable & other liabilities (8,332) 2,317
Net cash used in operating activities (882) (4,647)
Investing Activities    
Purchases of available-for-sale securities (44,143) (45,065)
Proceeds from maturities of interest bearing time deposits 2,261
Proceeds from maturities of available-for-sale securities 11,975 39,975
Net change in loans 24,524 (5,656)
Purchase of premises, equipment (165) (691)
Purchase of bank owned life insurance (50)  
Proceeds from sale of foreclosed assets 3 175
Net cash used in investing activities (5,595) (11,262)
Financing Activities    
Net increase in demand deposits, money market, interest checking & savings accounts 112,505 30,248
Net decrease in time deposits (41,320) (6,576)
Net increase in short term borrowings 4,132 23,936
Net proceeds from share-based compensation plans   188
Stock repurchase plan (2,718) (1,814)
Dividends on common shares (776) (744)
Net cash provided by financing activities 71,823 45,238
Increase in cash and cash equivalents 65,346 29,329
Cash and cash equivalents, beginning of period 140,690 27,064
Cash and cash equivalents, end of period 206,036 56,393
Supplemental cash flow information    
Interest paid 1,207 2,156
Supplemental non-cash disclosure    
Transfer of loans to foreclosed assets $ 25 $ 5