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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,023 $ 3,555
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan losses (426) 2,316
Provision for off-balance sheet commitments 0 41
Amortization of securities, available-for-sale, loans and deposits, net 489 (42)
Amortization of intangible asset 160 217
Depreciation 356 349
Deferred income taxes 93 (639)
Securities (gains), net 0 (386)
(Gain) on sales of loans held for sale (504) (267)
Proceeds from loans held for sale 22,428 14,402
Originations of loans held for sale (20,901) (12,266)
Amortization of investment in new markets tax credit projects 160 145
(Gain) on sale of other real estate owned, net 0 (12)
Change in assets and liabilities:    
Decrease in accrued income receivable 1,129 1,541
(Increase) decrease in other assets (224) 40
Increase in accrued expenses and other liabilities 616 2,692
Net cash provided by operating activities 9,399 11,686
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of securities available-for-sale (113,635) (40,121)
Proceeds from sale of securities available-for-sale 0 3,385
Proceeds from maturities and calls of securities available-for-sale 25,680 27,665
Purchase of FHLB stock (286) (117)
Proceeds from the redemption of FHLB stock 7 95
Net (increase) in interest-bearing deposits in financial institutions and federal funds sold (60,455) (27,519)
Net (increase) decrease in loans 9,923 (33,437)
Net proceeds from the sale of other real estate owned 0 2,303
Purchase of bank premises and equipment (83) (225)
Cash paid for bank acquired 0 (310)
Other (17) (16)
Net cash (used in) investing activities (138,866) (68,297)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in deposits 126,358 59,387
Increase (decrease) in securities sold under agreements to repurchase 4,128 (416)
Payments on FHLB borrowings 0 (2,000)
Dividends paid (2,281) (2,213)
Stock repurchases 0 (707)
Net cash provided by financing activities 128,205 54,051
Net (decrease) in cash and due from banks (1,262) (2,560)
CASH AND DUE FROM BANKS    
Beginning 24,819 34,617
Ending 23,557 32,057
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 1,576 3,110
Income taxes 70 0
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES    
Transfer of loans receivable to other real estate owned $ 10 $ 0