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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net earnings $ 7,875 $ 7,445
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 4,181 4,523
(Reduction)/Provision for loan losses (1,108) 193
Deferred income taxes (607) 100
Gain on sale of investment securities (324) 0
Gain on sale of other real estate (81) (275)
Write-down of other real estate 17 29
Restricted stock expense 476 282
Origination of mortgage loans held for sale (50,813) (38,139)
Proceeds from sales of mortgage loans held for sale 52,186 37,835
Change in:    
Cash surrender value of life insurance (307) (315)
Other assets 897 792
Other liabilities 49 1,788
Net cash provided by operating activities 12,441 14,258
Cash flows from investing activities:    
Purchases of investment securities available for sale (12,642) (13,579)
Proceeds from sales, calls and maturities of investment securities available for sale 2,899 17,984
Proceeds from paydowns of investment securities available for sale 15,946 4,250
Purchases of FHLB stock 0 (5)
FHLB stock redemption 2 125
Net change in loans (24,639) (38,098)
Purchases of premises and equipment (1,257) (1,549)
Proceeds from sale of other real estate and repossessions 1,052 4,173
Net cash used by investing activities (18,639) (26,699)
Cash flows from financing activities:    
Net change in deposits 29,772 (8,139)
Net change in securities sold under agreement to repurchase 23,046 (1,190)
Proceeds from FHLB borrowings 0 20,000
Repayments of FHLB borrowings 0 (20,000)
Common stock repurchased (1,983) (1,576)
Cash dividends paid on common stock (1,556) (1,127)
Net cash provided (used) by financing activities 49,279 (12,032)
Net change in cash and cash equivalents 43,081 (24,473)
Cash and cash equivalents at beginning of period 39,763 69,098
Cash and cash equivalents at end of period 82,844 44,625
Cash paid during the period for:    
Interest 2,425 2,624
Income taxes 3,180 1,514
Noncash investing and financing activities:    
Change in unrealized gain (loss) on investment securities available for sale, net 1,448 (500)
Transfers of loans to other real estate and repossessions 275 4,274
Financed portion of sales of other real estate $ 0 $ 60