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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income $ 5,718,000 $ 4,441,000  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision 300,000 375,000 $ 1,125,000
Change in deferred loan origination costs/fees, net (1,064,000) 1,343,000  
Depreciation and amortization 458,000 376,000  
Stock-based compensation expense 58,000 60,000  
Amortization of investment security premiums 260,000 261,000  
Loss on sale of other vehicles 27,000 3,000  
Gain on sale of loans held for sale (1,701,000) (591,000)  
Loans originated for sale (9,182,000) (8,018,000)  
Proceeds from loan sales 26,618,000 8,254,000  
Earnings on bank-owned life insurance (93,000) (90,000)  
Decrease in accrued interest receivable and other assets 3,524,000 1,052,000  
(Decrease) increase in accrued interest payable and other liabilities (2,066,000) 1,126,000  
Net cash provided by operating activities 22,857,000 8,592,000  
Cash Flows from Investing Activities:      
Proceeds from principal repayments from available-for-sale mortgage-backed securities 7,780,000 11,656,000  
Proceeds from matured and called available-for-sale securities 255,000 250,000  
Purchases of available-for-sale securities (41,897,000) (40,776,000)  
Purchase of FRB stock (2,000) (2,000)  
Net decrease (increase) in loans 1,021,000 (23,342,000)  
Proceeds from sale of other vehicles 126,000 58,000  
Purchase of premises and equipment (2,133,000) (55,000)  
Net cash used in investing activities (34,850,000) (52,211,000)  
Cash Flows from Financing Activities:      
Net increase in demand, interest bearing and savings deposits 29,210,000 95,175,000  
Net (decrease) increase in time deposits (552,000) 69,000  
Net decrease in securities sold under agreements to repurchase (7,425,000) (2,327,000)  
Cash dividends paid on common stock (932,000) (726,000)  
Proceeds from exercise of stock options 131,000 142,000  
Net cash provided by financing activities 20,432,000 92,333,000  
Increase in cash and cash equivalents 8,439,000 48,714,000  
Cash and Cash Equivalents at Beginning of Year 380,584,000 184,909,000 184,909,000
Cash and Cash Equivalents at End of Period 389,023,000 233,623,000 $ 380,584,000
Supplemental Disclosure of Cash Flow Information:      
Interest expense 299,000 269,000  
Income taxes 10,000 0  
Non-Cash Investing Activities:      
Real estate and vehicles acquired through foreclosure 129,000 224,000  
Common stock retired in connection with the exercise of stock options $ 84,000 $ 0