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Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities      
Net Income $ 1,835,000 $ 995,000  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 506,000 504,000  
Stock based compensation expense 27,000 27,000  
Net amortization and accretion of premiums and discounts on securities 628,000 100,000  
Amortization of debt issuance costs 2,000    
(Gain) on sales of available-for-sale securities   (431,000)  
(Gain) on sales of loans held for sale (1,774,000) (1,177,000)  
Proceeds from sales of loans held for sale 82,424,000 46,037,000  
Origination of loans held for sale (77,698,000) (46,773,000)  
Provision for loan losses   888,000 $ 2,548,000
Loss (gain) on sale of other real estate owned 66,000 (6,000) (29,000)
Impairment of other real estate owned   102,000  
Bank owned life insurance income (98,000) (78,000)  
(Decrease) increase in interest receivable 94,000 (56,000)  
(Increase) decrease in other assets (65,000) 39,000  
(Decrease) increase in interest payable (21,000) 3,000  
Increase in other liabilities 245,000 17,000  
Net cash provided by operating activities 6,171,000 191,000  
Cash flows from investing activities      
Purchases of securities available-for-sale (14,543,000) (8,259,000)  
Proceeds from maturities, calls and paydowns of securities available-for-sale 833,000 495,000  
Proceeds from sale of securities available-for-sale 0 14,619,000  
Purchases of bank owned life insurance   (2,750,000)  
Life insurance proceeds   588,000  
Proceeds from sale of other real estate owned 344,000 500,000  
Origination of loans, net of principal collected (4,617,000) 1,709,000  
Purchases of premises and equipment (627,000) (159,000)  
Net cash (used in) provided by investing activities (18,610,000) 6,743,000  
Cash flows from financing activities      
Net increase in deposits 36,223,000 18,811,000  
Principal payments on finance lease obligations (104,000) (80,000)  
Repurchase of common stock (212,000) (275,000)  
Dividends paid to common stockholders (304,000) (304,000)  
Net cash provided by financing activities 35,603,000 18,152,000  
Increase in cash and cash equivalents 23,164,000 25,086,000  
Cash and cash equivalents at beginning of period 100,886,000 39,111,000 39,111,000
Cash and cash equivalents at end of period 124,050,000 64,197,000 100,886,000
Non cash transactions      
Transfer of loans to other real estate owned 66,000 18,000 $ 18,000
Fair value adjustment for securities available-for-sale (3,439,000) 1,856,000  
Cash transactions      
Cash paid for interest 638,000 1,349,000  
Cash paid for income taxes