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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net Income $ 8,988 $ 14,945
Items not requiring (providing) cash    
Depreciation and amortization 1,634 1,562
Provision for loan losses 1,050
Expense of share-based compensation plan 479 374
Amortization of premiums and discounts on securities 752 860
Amortization of intangible assets 52 53
Amortization of originated mortgage servicing rights 1,439 3,078
Impairment (recovery) of mortgage servicing rights (1,194) (2,855)
Proceeds from sale of loans held for sale 165,278 378,855
Originations of loans held for sale (158,264) (371,452)
Gain from sale of loans (4,206) (14,175)
Changes in    
Interest receivable (636) 845
Other assets 133 2,924
Interest payable & other liabilities (1,638) (10,055)
Net cash provided by operating activities 12,817 6,010
Investing Activities    
Purchases of available-for-sale securities (50,618) (138,525)
Proceeds from maturities of interest bearing time deposits 509 3,172
Proceeds from maturities of available-for-sale securities 29,917 34,574
Net change in loans (102,699) 24,676
Purchase of premises, equipment (1,313) (1,879)
Purchase of bank owned life insurance (10,500) (50)
Purchase of Federal Reserve and Federal Home Loan Bank Stock (121)  
Proceeds from sale of Federal Reserve and Federal Home Loan Bank Stock 194  
Proceeds from sale of foreclosed assets 1,642 123
Net cash used in investing activities (132,989) (77,909)
Financing Activities    
Net increase (decrease) in demand deposits, money market, interest checking & savings accounts (45,850) 133,680
Net increase (decrease) in time deposits 18,698 (71,031)
Net increase in short term borrowings 4,434 582
Proceeds from Federal Home Loan Bank advances 90,000  
Repayment of Federal Home Loan Bank advances (60,500) (2,500)
Net proceeds from subordinated debt   19,534
Stock repurchase plan (5,648) (8,701)
Dividends on common shares (2,539) (2,340)
Net cash provided by (used in) financing activities (1,405) 69,224
Increase (decrease) in cash and cash equivalents (121,577) (2,675)
Cash and cash equivalents, beginning of period 149,511 140,690
Cash and cash equivalents, end of period 27,934 138,015
Supplemental cash flow information    
Interest paid 3,457 3,135
Income taxes paid   3,760
Supplemental non-cash disclosure    
Transfer of loans to foreclosed assets 183 1,687
Stock dividends declared and paid $ 6,856