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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net earnings $ 7,454 $ 9,741
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 1,100 (250)
Depreciation and amortization 1,666 1,157
Premium amortization and discount accretion, net 2,862 1,853
Deferred income tax (benefit) expense (330) (153)
Net gain on securities available for sale (103) 123
Net gain on sale of loans held for sale (2,300) (545)
Net gain on other real estate owned (52) (59)
Loans originated for sale (82,726) (30,407)
Proceeds from sale of loans 83,138 28,892
Increase in cash surrender value of bank owned life insurance (442) (437)
Income recognized from death benefit of life insurance (282) 0
Net increase in other assets (2,656) (872)
Net increase (decrease) in accrued expenses and other liabilities 2,399 1,807
Net cash provided by operating activities 9,728 10,850
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 21,029 36,462
Proceeds from prepayments and maturities of securities available-for-sale 62,021 55,078
Purchase of securities available-for-sale (177,686) (81,843)
Decrease (increase) in loans, net (766) 15,771
Net purchases of premises and equipment (8,355) (1,809)
Decrease (increase) in FHLB stock (9) 32
Proceeds from bank-owned life insurance death benefit 694 0
Proceeds from sale of other real estate owned 151 394
Net cash provided by (used in) investing activities (102,921) 24,085
Cash flows from financing activities:    
Net (decrease) increase in noninterest-bearing deposits 49,180 (5,430)
Net increase (decrease) in interest-bearing deposits 66,460 5,389
Net decrease in federal funds purchased and securities sold under agreements to repurchase 1,323 (1,231)
Stock repurchases 0 (2,721)
Dividends paid (3,638) (3,575)
Net cash used in financing activities 113,325 (7,568)
Net change in cash and cash equivalents 20,132 27,367
Cash and cash equivalents at beginning of period 92,443 65,076
Cash and cash equivalents at end of period 112,575 92,443
Cash paid (received) during period for:    
Interest 4,055 4,092
Income taxes 678 2,295
Gain From Loan Guarantee Program   (1,717)
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use assets   891
Initial recognition of operating lease liabilities   889
Real estate acquired through foreclosure $ 99 $ 82