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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net earnings [1] $ 8,463 $ 4,781
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for loan losses 1,600 600
Amortization of investment security premiums, net 628 870
Amortization of purchase accounting adjustment on loans (28) (32)
Amortization of intangibles 701 555
Depreciation 497 496
Increase in cash surrender value of bank owned life insurance [2] (308) (319)
Stock-based compensation 162 129
Deferred income taxes 1,326 (571)
Net (gains) losses on sales of investment securities (1,770) 146
Net loss (gain) on sales of premises, equipment and real estate owned 45 (4)
Net gains on sales of loans [2] (6,017) (2,862)
Proceeds from sales of loans 151,310 74,813
Origination of loans held for sale (157,269) (80,372)
Changes in assets and liabilities:    
Accrued interest and other assets (3,464) (1,031)
Accrued expenses, taxes, and other liabilities 1,656 (2,459)
Net cash used in operating activities (2,468) (5,260)
Cash flows from investing activities:    
Net increase in loans (159,019) (21,345)
Maturities and prepayments of investment securities 31,210 30,903
Purchases of investment securities (12,204) (24,741)
Proceeds from sales of investment securities 44,508 9,491
Redemption of bank stocks 895 6,584
Purchase of bank stocks (1,132) (5,337)
Proceeds from sales of premises and equipment and foreclosed assets 257 15
Purchases of premises and equipment, net (220) (697)
Net cash used in investing activities (95,705) (5,127)
Cash flows from financing activities:    
Net increase in deposits 109,156 5,884
Federal Home Loan Bank advance borrowings 135,843 232,167
Federal Home Loan Bank advance repayments (130,843) (229,767)
Proceeds from other borrowings 1,075
Repayments on other borrowings (8,431) (963)
Proceeds from exercise of stock options 33
Payment of dividends (1,818) (1,749)
Purchase of treasury stock (2,349)
Net cash provided by financing activities 102,666 5,572
Net increase (decrease) in cash and cash equivalents 4,493 (4,815)
Cash and cash equivalents at beginning of period 13,694 19,114
Cash and cash equivalents at end of period 18,187 14,299
Supplemental disclosure of cash flow information:    
Cash payments for income taxes 51
Cash paid for interest 1,973 3,420
Cash paid for operating leases 89 72
Supplemental schedule of noncash investing and financing activities:    
Transfer of loans to real estate owned 314 57
Investment securities purchases not yet settled (659) (265)
Operating lease asset and related lease liability recorded $ 353
[1] Share and per share values for the periods ended June 30, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.
[2] Not within the scope of ASC 606.