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Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities              
Net Income $ 2,014,000 $ 1,835,000 $ 821,000 $ 995,000 $ 3,849,000 $ 1,816,000  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         1,018,000 1,008,000  
Stock based compensation expense         53,000 53,000  
Net amortization and accretion of premiums and discounts on securities         562,000 196,000  
Amortization of debt issuance costs         2,000    
(Gain) on sales of available-for-sale securities           (644,000)  
(Gain) on sales of loans held for sale (2,310,000)   (1,950,000)   (4,084,000) (3,127,000)  
Proceeds from sales of loans held for sale         165,380,000 125,134,000  
Origination of loans held for sale         (160,447,000) (123,884,000)  
Provision for loan losses     760,000     1,648,000 $ 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 (100,000)   (110,000)   (198,000) (188,000)  
Decrease (increase) in interest receivable         245,000 (639,000)  
Decrease (increase) in other assets         292,000 (1,040,000)  
(Decrease) in interest payable         (29,000) (1,000)  
Increase (decrease) in other liabilities         1,326,000 (10,000)  
Net cash provided by operating activities         8,035,000 418,000  
Cash flows from investing activities              
Purchases of securities available-for-sale         (47,894,000) (11,334,000)  
Proceeds from maturities, calls and paydowns of securities available-for-sale         4,718,000 1,202,000  
Proceeds from sale of securities available-for-sale         0 17,813,000  
Purchases of bank owned life insurance         (2,000,000) (2,750,000)  
Life insurance proceeds           588,000  
Purchase of Federal Reserve Bank stock           (45,000)  
Sale of Federal Home Loan Bank stock         227,000    
Proceeds from sale of other real estate owned         344,000 645,000  
Origination of loans, net of principal collected         6,696,000    
Origination of loans, net of principal collected           (51,956,000)  
Purchases of premises and equipment         (956,000) (652,000)  
Net cash (used in) investing activities         (38,865,000) (46,489,000)  
Cash flows from financing activities              
Net increase in deposits         54,475,000 96,527,000  
Principal payments on finance lease obligations         (208,000) (160,000)  
Repurchase of common stock         (427,000) (275,000)  
Dividends paid to common stockholders         (607,000) (607,000)  
Proceeds from sale of capital notes, net of issuance costs           7,275,000  
Retirement of capital notes           (5,000,000)  
Net cash provided by financing activities         53,233,000 97,760,000  
Increase in cash and cash equivalents         22,403,000 51,689,000  
Cash and cash equivalents at beginning of period   $ 100,886,000   $ 39,111,000 100,886,000 39,111,000 39,111,000
Cash and cash equivalents at end of period $ 123,289,000   $ 90,800,000   123,289,000 90,800,000 100,886,000
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         (1,843,000) 2,641,000  
Cash transactions              
Cash paid for interest         1,170,000 2,516,000  
Cash paid for income taxes         $ 1,450,000 $ 435,000