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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income $ 3,906,000 $ 5,359,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision (credit) for loan losses 1,300,000 (175,000)
Depreciation and amortization expense 1,472,000 1,360,000
Net amortization of investment securities 206,000 203,000
Net realized gains on investment securities — available for sale   (118,000)
Net gains on loans held for sale (1,079,000) (574,000)
Amortization of deferred loan fees (339,000) (91,000)
Origination of mortgage loans held for sale (71,330,000) (28,232,000)
Sales of mortgage loans held for sale 69,690,000 23,704,000
Increase in accrued interest receivable (2,273,000) (276,000)
Increase (decrease) in accrued interest payable (499,000) 307,000
Earnings on bank owned life insurance (438,000) (388,000)
Deferred income taxes 609,000 623,000
Stock compensation expense 2,000 6,000
Net change in operating leases (67,000) (46,000)
Other, net (5,564,000) (323,000)
Net cash provided by (used in) operating activities (4,404,000) 1,339,000
INVESTING ACTIVITIES    
Purchase of investment securities — available for sale (23,706,000) (11,701,000)
Purchase of investment securities — held to maturity (6,648,000) (1,000,000)
Proceeds from maturities of investment securities — available for sale 25,871,000 15,704,000
Proceeds from maturities of investment securities — held to maturity 3,883,000 2,403,000
Proceeds from sales of investment securities — available for sale 0 3,374,000
Purchase of regulatory stock (6,252,000) (11,254,000)
Proceeds from redemption of regulatory stock 6,084,000 12,144,000
Long-term loans originated (207,028,000) (163,343,000)
Principal collected on long-term loans 147,958,000 156,357,000
Proceeds from sale of other real estate owned 21,000 198,000
Purchase of premises and equipment (1,094,000) (2,550,000)
Net cash provided by (used in) investing activities (60,911,000) 332,000
FINANCING ACTIVITIES    
Net increase in deposit balances 81,722,000 20,818,000
Net decrease in other short-term borrowings (16,518,000) (29,754,000)
Principal borrowings on advances from Federal Home Loan Bank 34,210,000 16,909,000
Principal repayments on advances from Federal Home Loan Bank (13,542,000) (8,000,000)
Principal payments on financing lease liabilities (151,000) (126,000)
Stock options exercised 75,000 96,000
Purchases of treasury stock (151,000) (2,166,000)
Common stock dividend paid (1,290,000) (1,216,000)
Net cash provided by (used in) financing activities 84,355,000 (3,439,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 19,040,000 (1,768,000)
CASH AND CASH EQUIVALENTS AT JANUARY 1 22,168,000 34,894,000
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30 $ 41,208,000 $ 33,126,000