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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income $ 14,186 $ 12,161
Adjustments to reconcile net income to net cash provided by operating activities:    
(Reversal of) provision for loan losses (1,500) 3,050
Stock-based compensation 588 574
Depreciation and amortization of bank premises and equipment 764 943
Accretion and amortization of securities, net 4,391 2,010
Net loss (gain) on sale/call of available-for-sale securities 221 (296)
Gain on sale of loans held-for-sale (1,528) (2,247)
Provision (benefit) for deferred income taxes 1,000 (1,429)
Valuation adjustment on mortgage servicing rights (110) 386
Proceeds from sales of loans held-for-sale 68,819 79,013
Originations of loans held-for-sale (60,929) (81,826)
(Decrease) increase in deferred loan origination fees and costs, net (736) 2,552
Amortization of operating lease right-of-use asset 1,060 1,270
Increase in interest receivable and other assets 0 (2,837)
Decrease in interest payable and other liabilities (951) (734)
Net cash provided by operating activities 25,275 12,590
Cash flows from investing activities:    
Proceeds from maturities of available-for-sale securities 21,730 41,995
Proceeds from sales of available-for-sale securities 21,917 14,201
Principal repayments on available-for-sale securities 97,780 66,784
Purchase of available-for-sale securities (357,150) (208,969)
Proceeds from maturities of certificates of deposit 5,880 9,310
Proceeds from sales of certificates of deposit 0 485
Purchase of certificates of deposit (2,229) (12,018)
(Purchases of) proceeds from redemption of stock in Federal Home Loan Bank and other equity securities, at cost (617) 94
Net decrease (increase) in loans 27,114 (112,559)
Purchases of bank premises and equipment, net (803) (862)
Net cash used in investing activities (186,378) (201,539)
Cash flows from financing activities:    
Net increase in deposits 250,140 339,530
Proceeds from Federal Home Loan Bank advances 0 5,000
Principal payments on Federal Home Loan Bank advances (5,000) 0
Cash dividends paid in lieu of fractional shares (8) (8)
Common stock issued 97 111
Repurchases of common stock (5,374) 0
Net cash provided by financing activities 239,855 344,633
Net increase (decrease) in cash and cash equivalents 78,752 155,684
Cash and cash equivalents at beginning of year 267,177 111,493
Cash and cash equivalents at end of year $ 345,929 $ 267,177