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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 2,081,000 $ 1,409,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 400,000 175,000
Depreciation and amortization expense 504,000 492,000
Net amortization of investment securities 78,000 65,000
Net gains on loans held for sale (495,000) (237,000)
Amortization of deferred loan fees (430,000) (26,000)
Origination of mortgage loans held for sale (9,208,000) (15,264,000)
Sales of mortgage loans held for sale 14,645,000 15,619,000
Increase in accrued interest receivable (253,000) (310,000)
Decrease in accrued interest payable (454,000) (150,000)
Earnings on bank-owned life insurance (332,000) (125,000)
Deferred income taxes 506,000 351,000
Stock compensation expense 4,000 1,000
Net change in operating leases (24,000) (23,000)
Other, net (259,000) (2,603,000)
Net cash provided by (used in) operating activities 6,763,000 (626,000)
INVESTING ACTIVITIES    
Purchase of investment securities — available for sale (25,443,000) (6,223,000)
Purchase of investment securities — held to maturity (4,365,000) (2,618,000)
Proceeds from maturities of investment securities — available for sale 11,626,000 6,380,000
Proceeds from maturities of investment securities — held to maturity 790,000 467,000
Purchase of regulatory stock (713,000) (2,010,000)
Proceeds from redemption of regulatory stock 2,379,000 2,007,000
Long-term loans originated (82,718,000) (42,615,000)
Principal collected on long-term loans 69,880,000 52,578,000
Purchases of premises and equipment (298,000) (421,000)
Proceeds from sale of other real estate owned   21,000
Proceeds from life insurance policies 645,000  
Net cash provided by (used in) investing activities (28,217,000) 7,566,000
FINANCING ACTIVITIES    
Net increase (decrease) in deposit balances 62,171,000 (2,920,000)
Net decrease in other short-term borrowings (24,702,000) (6,058,000)
Principal borrowings on advances from Federal Home Loan Bank   11,050,000
Principal repayments on advances from Federal Home Loan Bank (9,840,000) (6,500,000)
Principal payments on financing lease liabilities (52,000) (49,000)
Stock options exercised 24,000 49,000
Purchases of treasury stock   (151,000)
Common stock dividend paid (427,000) (423,000)
Net cash provided by (used in) financing activities 27,174,000 (5,002,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 5,720,000 1,938,000
CASH AND CASH EQUIVALENTS AT JANUARY 1 31,504,000 22,168,000
CASH AND CASH EQUIVALENTS AT MARCH 31 $ 37,224,000 $ 24,106,000