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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 15,133,000 $ 11,357,000 $ 14,067,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation, amortization and accretion 5,569,000 4,183,000 3,964,000
Provision for (recovery of) loan losses (1,163,000) 4,259,000 863,000
Deferred income taxes (283,000) (560,000) 164,000
Gain on sale of investment securities 0 (2,639,000) (226,000)
Gain on sale of other real estate (21,000) 0 (6,000)
Write-down of other real estate 0 47,000 17,000
(Gain) loss on sale and writedowns of premises and equipment (105,000) 0 239,000
Restricted stock units expense 181,000 27,000 270,000
Proceeds from sales of loans held for sale 98,365,000 112,426,000 56,364,000
Origination of loans held for sale (92,863,000) (117,148,000) (60,101,000)
Change in:      
Cash surrender value of life insurance (397,000) (380,000) (383,000)
Right of use lease asset 738,000 199,000 787,000
Other assets (498,000) (596,000) 724,000
Lease liability (721,000) (176,000) (762,000)
Other liabilities 2,965,000 (1,837,000) (2,784,000)
Net cash provided by operating activities 26,900,000 9,162,000 13,197,000
Cash flows from investing activities:      
Purchases of investment securities available for sale (209,306,000) (127,893,000) (54,212,000)
Proceeds from sales, calls and maturities of investment securities available for sale 9,540,000 62,408,000 40,561,000
Proceeds from paydowns of investment securities available for sale 28,536,000 19,169,000 14,489,000
Purchases of other investments 0 (45,000) (45,000)
Proceeds from paydowns of other investment securities 201,000 176,000 176,000
Net change in FHLB stock 331,000 (55,000) (1,000)
Net change in loans 64,380,000 (99,971,000) (46,505,000)
Purchases of premises and equipment (484,000) (2,492,000) (2,835,000)
Purchases of bank owned life insurance 0 (269,000) 0
Proceeds from sale of premises and equipment 515,000 0 149,000
Proceeds from sale of other real estate and repossessions 149,000 0 42,000
Net cash used by investing activities (106,138,000) (148,972,000) (48,181,000)
Cash flows from financing activities:      
Net change in deposits 191,662,000 254,569,000 89,304,000
Net change in securities sold under agreement to repurchase 10,893,000 1,980,000 (33,874,000)
Proceeds from FHLB borrowings 0 70,000,000 184,500,000
Repayments of FHLB borrowings 0 (70,000,000) (184,500,000)
Proceeds from FRB borrowings 1,000 1,000 1,000
Repayments of FRB borrowings 1,000 1,000 1,000
Proceeds from Fed Funds Purchased 162,000 7,011,000 100,252,000
Repayments of Fed Funds Purchased (162,000) (7,011,000) (100,252,000)
Repayments of Junior Subordinated Debentures 0 (155,000) (5,000,000)
Common stock repurchased 3,605,000 2,999,000 2,490,000
Cash dividends paid on common stock (3,793,000) (4,392,000) (3,939,000)
Net cash (used) provided by financing activities 195,157,000 249,003,000 44,001,000
Net change in cash and cash equivalents 115,919,000 109,193,000 9,017,000
Cash and cash equivalents at beginning of period 161,580,000 52,387,000 43,370,000
Cash and cash equivalents at end of period 277,499,000 161,580,000 52,387,000
Cash paid during the year for:      
Interest 3,224,000 3,856,000 3,750,000
Income taxes 3,669,000 2,781,000 3,206,000
Noncash investing and financing activities:      
Change in unrealized gain on investment securities available for sale, net (5,304,000) 1,756,000 2,658,000
Transfer of loans to other real estate 2,999,000 175,000 26,000
Issuance of accrued restricted stock units 39,000 57,000 207,000
Recognition of lease right of use asset and lease liability $ 1,927,000 $ 942,000 $ 4,401,000