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Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities              
Net Income $ 1,454,000 $ 995,000 $ 1,474,000 $ 1,234,000 $ 3,270,000 $ 4,085,000  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         1,511,000 983,000  
Stock based compensation expense         88,000 80,000  
Net amortization and accretion of premiums and discounts on securities         299,000 298,000  
(Gain) on sales of available-for-sale securities         (644,000) (291,000)  
(Gain) on sales of loans held for sale (2,459,000)   (1,337,000)   (5,586,000) (3,103,000)  
Proceeds from sales of loans held for sale         208,405,000 114,119,000  
Origination of loans held for sale         (208,830,000) (114,976,000)  
Provision for loan losses 700,000   108,000   2,348,000 434,000 $ 523,000
(Gain) loss on sale of other real estate owned         (29,000) 13,000 19,000
Impairment of other real estate owned         137,000 286,000  
(Increase) in cash value of life insurance         (290,000) (248,000)  
(Increase) in interest receivable         (692,000) (13,000)  
(Increase) decrease in other assets         (518,000) 234,000  
(Decrease) increase in income taxes payable         (520,000) 1,019,000  
(Decrease) increase in interest payable         (33,000) 40,000  
Increase (decrease) in other liabilities         211,000 (1,000)  
Net cash (used in) provided by operating activities         (873,000) 2,959,000  
Cash flows from investing activities              
Purchases of securities available-for-sale         (34,702,000) (6,369,000)  
Proceeds from maturities, calls and paydowns of securities available-for-sale         8,629,000 1,462,000  
Proceeds from sale of securities available-for-sale         13,312,000 6,427,000  
Purchases of bank owned life insurance         (2,750,000)    
Life insurance proceeds         588,000    
(Purchase) of Federal Home Loan Bank stock         (45,000) (44,000)  
Proceeds from sale of other real estate owned         844,000 349,000  
Origination of loans, net of principal collected         (45,673,000) (21,883,000)  
Purchases of premises and equipment         (1,466,000) (3,890,000)  
Net cash (used in) investing activities         (61,263,000) (23,948,000)  
Cash flows from financing activities              
Net increase in deposits         114,474,000 20,990,000  
Principal payments on finance lease obligations         (244,000) (81,000)  
Repurchases of common stock         (275,000)    
Dividends paid to common stockholders         (912,000) (789,000)  
Proceeds from sale of 3.25% capital notes due 6/30/2025         10,026,000    
Retirement of 4% capital notes due 1/24/2022         (5,000,000)    
Net cash provided by financing activities         118,069,000 20,120,000  
Increase (decrease) in cash and cash equivalents         55,933,000 (869,000)  
Cash and cash equivalents at beginning of period   $ 39,111,000   $ 50,325,000 39,111,000 50,325,000 50,325,000
Cash and cash equivalents at end of period $ 95,044,000   $ 49,456,000   95,044,000 49,456,000 39,111,000
Non cash transactions              
Transfer of loans to other real estate owned         18,000 460,000 $ 785,000
Fair value adjustment for securities available-for-sale         2,854,000 3,190,000  
Lease liabilities arising from right-of-use assets           6,373,000  
Cash transactions              
Cash paid for interest         3,683,000 3,733,000  
Cash paid for income taxes         $ 985,000