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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 7,282 $ 8,599 $ 7,654
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 1,425 250 0
Depreciation expense 1,782 1,810 1,758
Net amortization of investment securities, premiums, and discounts 1,903 1,317 1,058
Stock based compensation expense 17 10 20
Change in fair value of mortgage servicing rights 529 301 576
Gain on sale of investment securities (602) (8) (20)
Gain on sales and dispositions of premises and equipment (1) (8) (60)
Gain on sales and dispositions of other real estate owned and repossessed assets (207) (156) (188)
Provision for other real estate owned 213 17 585
(Increase) decrease in accrued interest receivable (330) (37) 183
Increase in cash surrender value - life insurance (61) (64) (71)
Decrease (increase) in other assets 10 1,212 (479)
Decrease (increase) in income tax receivable 307 621 (826)
Increase (decrease) in accrued interest payable 116 9 (53)
Increase in other liabilities 387 911 966
Origination of mortgage loans for sale (36,017) (51,307) (35,434)
Proceeds from the sale of mortgage loans 37,896 51,503 36,623
Gain on sale of mortgage loans, net (851) (1,386) (1,093)
Other, net (267) (252) 2,355
Net cash provided by operating activities 13,531 13,342 13,554
Cash flows from investing activities:      
Net increase in loans (112,353) (9,226) (28,357)
Purchase of available-for-sale debt securities (113,357) (102,367) (48,942)
Proceeds from maturities of available-for-sale debt securities 51,855 36,143 23,702
Proceeds from calls of available-for-sale debt securities 17,855 26,840 28,605
Proceeds from sales of available-for-sale debt securities 60,720 720 5,334
Proceeds from sales of FHLB stock 0 1,600 439
Purchases of FHLB stock (1,759) (4,915) (1,160)
Purchases of premises and equipment (1,262) (872) (1,342)
Proceeds from sales of premises and equipment 9 11 65
Proceeds from sales of other real estate owned and repossessed assets 4,057 1,836 4,560
Net cash used by investing activities (94,235) (50,230) (17,096)
Cash flows from financing activities:      
Net increase in demand deposits 27,940 335 20,318
Net increase (decrease) in interest-bearing transaction accounts 27,651 (1,051) 22,974
Net increase (decrease) in time deposits 7,878 (21,601) (30,249)
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (25,327) 38,864 (13,114)
Repayment of FHLB advances (24,000) (85,000) (10,000)
FHLB advances 66,900 92,000 29,000
Purchase of treasury stock (623) (33) 0
Cash dividends paid - common stock (1,097) (1,058) (1,017)
Net cash provided by financing activities 79,322 22,456 17,912
Net (decrease) increase in cash and cash equivalents (1,382) (14,432) 14,370
Cash and cash equivalents, beginning of year 28,377 42,809 28,439
Cash and cash equivalents, end of year 26,995 28,377 42,809
Cash paid during the year for:      
Interest 5,547 4,992 5,097
Income taxes 3,760 3,509 2,265
Supplemental schedule of noncash investing and financing activities:      
Other real estate and repossessions acquired in settlement of loans $ 2,233 $ 5,804 $ 1,975