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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 8,736,000 $ 4,928,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 2,549,000 2,017,000
Provision for (recovery of) loan losses (681,000) 2,938,000
Deferred income taxes (18,000) (16,000)
Gain on sale of investment securities 0 (457,000)
Gain on sale of other real estate (21,000) 0
Restricted stock expense (100,000) (75,000)
Proceeds from sales of mortgage loans held for sale 54,006,000 43,832,000
Origination of mortgage loans held for sale (50,368,000) (50,009,000)
Change in:    
Cash surrender value of life insurance (196,000) (188,000)
Right of use lease asset 406,000 255,000
Other assets 53,000 (212,000)
Lease liability (398,000) (244,000)
Other liabilities 2,405,000 3,214,000
Net cash provided by operating activities 16,373,000 5,983,000
Cash flows from investing activities:    
Purchases of investment securities available for sale (141,780,000) (37,340,000)
Proceeds from sales, calls and maturities of investment securities available for sale 5,300,000 20,592,000
Proceeds from paydowns of investment securities available for sale 11,073,000 9,305,000
Proceeds from paydowns on other investments 88,000 88,000
Redemptions (purchases) of FHLB stock 331,000 (3,031,000)
Net change in loans 60,339,000 (116,854,000)
Purchases of premises and equipment (339,000) (1,085,000)
Proceeds from sale of other real estate and repossessions 149,000 0
Net cash used by investing activities (64,839,000) (128,325,000)
Cash flows from financing activities:    
Net change in deposits 170,968,000 187,812,000
Net change in securities sold under agreement to repurchase 5,048,000 7,526,000
Proceeds from FHLB borrowings 0 70,000,000
Repayments of FHLB borrowings 0 0
Repayment of Junior Subordinated Debt 0 (155,000)
Proceeds from Fed Funds purchased 0 (6,935,000)
Repayments of Fed Funds purchased 0 6,935,000
Restricted stock units exercised 39,000 57,000
Common stock repurchased 0 (2,999,000)
Cash dividends paid on common stock (1,860,000) (2,647,000)
Net cash provided by financing activities 174,195,000 259,594,000
Net change in cash and cash equivalents 125,729,000 137,252,000
Cash and cash equivalents at beginning of period 161,580,000 52,387,000
Cash and cash equivalents at end of period 287,309,000 189,639,000
Cash paid during the period for:    
Interest 1,653,000 1,909,000
Income taxes 2,000,000 796,000
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net (1,440,000) 3,584,000
Issuance of accrued restricted stock units 39,000 57,000
Transfer of premises and equipment to other assets held for sale $ 408,000 $ 287,309