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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 18,402 $ 14,949 $ 12,720
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 2,307 1,711 1,551
Amortization of available-for-sale securities, net 822 957 1,106
Amortization of servicing rights 487 364 353
Amortization of core deposit intangible 727 167 245
Net amortization (accretion) of fair value adjustments (1,379) 6 62
Stock-based compensation expense 1,088 745 507
Deferred income taxes 227 472 21
Provision for loan loss 1,138 324 222
Gain on sale of loans held for sale (677) (757) (811)
Originations of loans held for sale (73,562) (51,807) (57,391)
Proceeds from sale of loans held for sale 68,579 51,381 59,520
Loss on sale of other assets owned 81 44 27
(Gain) loss on sales of available-for-sale securities 26 9 (47)
Change in other assets and other liabilities, net 5,665 (7,828) (436)
Net cash provided by operating activities 23,931 10,737 17,649
Activity in available-for-sale securities:      
Maturities, prepayments and calls 67,071 29,691 23,064
Sales 11,100 10,081 13,562
Purchases (110,166) (13,866) (15,335)
Activity in other securities, at cost:      
Sales 237    
Purchases (21)    
Change in interest-bearing time deposits (290) (1) (2,103)
Proceeds from sales of other assets owned 564 120 138
Additions to premises and equipment (3,510) (2,628) (1,888)
Loan originations and principal collections, net (112,212) (21,926) (65,611)
Acquisition of Limberlost, net of cash received (2,089)    
Net cash provided by (used in) investing activities (149,316) 1,471 (48,173)
Cash Flows from Financing Activities      
Net change in deposits 153,088 9,450 77,137
Net change in federal funds purchased and securities sold under agreements to repurchase 15,892 (7,314) (30,829)
Repayment of FHLB advances (23,938) (5,000) (5,000)
Purchase of Treasury stock (381) (490) (196)
Cash dividends paid on common stock (6,345) (4,956) (4,443)
Net cash provided by (used in) financing activities 138,316 (8,310) 36,669
Net Increase in Cash and Cash Equivalents 12,931 3,898 6,145
Cash and Cash Equivalents - Beginning of Year 38,365 34,467 28,322
Cash and Cash Equivalents - End of Year 51,296 38,365 34,467
Cash paid during the year for:      
Interest 13,540 6,472 5,064
Income taxes 3,845 3,107 5,102
Noncash investing activities:      
Transfer of loans to other real estate owned 287 $ 68 $ 59
Limberlost Bancshares, Inc. [Member]      
The Company purchased all of the capital stock of Limberlost for $78,902 on January 1, 2019. In conjunction with the acquisition, liabilities were assumed as follows:      
Fair value of assets acquired 336,380    
Less: common stock issued 70,437    
Cash paid for the capital stock 8,465    
Liabilities assumed $ 257,478