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Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 14,864 $ 13,890
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for loan losses 500 2,600
Valuation allowance on real estate owned 48 19
Amortization of investment security premiums, net 1,481 906
Amortization of purchase accounting adjustment on loans (43) (42)
Amortization of mortgage servicing rights and other intangibles 1,225 1,166
Depreciation 742 743
Increase in cash surrender value of bank owned life insurance [1] (494) (460)
Stock-based compensation 237 241
Deferred income taxes 105 1,041
Net gains on sales of investment securities (1,138) (2,448)
Net (gains) losses on sales of premises and equipment and foreclosed assets (24) 38
Net gains on sales of loans [1] (8,664) (10,961)
Proceeds from sales of loans 277,635 285,497
Origination of loans held for sale (263,965) (286,207)
Changes in assets and liabilities:    
Accrued interest and other assets 906 (3,615)
Accrued expenses, taxes, and other liabilities 2,560 4,005
Net cash provided by operating activities 25,975 6,413
Cash flows from investing activities:    
Net decrease (increase) in loans 44,224 (199,351)
Maturities and prepayments of investment securities 37,194 46,231
Purchases of investment securities (134,562) (36,863)
Proceeds from sales of investment securities 16,623 61,164
Redemption of bank stocks 2,277 1,655
Purchase of bank stocks (789) (3,005)
Purchase bank owned life insurance (6,000)
Proceeds from sales of premises and equipment and foreclosed assets 488 343
Purchases of premises and equipment, net (610) (239)
Net cash used in investing activities (41,155) (130,065)
Cash flows from financing activities:    
Net increase in deposits 50,660 122,894
Federal Home Loan Bank advance borrowings 156,950
Federal Home Loan Bank advance repayments (139,881)
Proceeds from other borrowings 1,075
Repayments on other borrowings (152) (10,223)
Proceeds from exercise of stock options 22 33
Payment of dividends (2,854) (2,721)
Purchase of treasury stock (2,349)
Net cash provided by financing activities 47,676 125,778
Net increase in cash and cash equivalents 32,496 2,126
Cash and cash equivalents at beginning of period 84,818 13,694
Cash and cash equivalents at end of period 117,314 15,820
Supplemental disclosure of cash flow information:    
Cash payments for income taxes 4,390 2,890
Cash paid for interest 1,195 2,523
Cash paid for operating leases 108 134
Supplemental schedule of noncash investing and financing activities:    
Transfer of loans to real estate owned 1,193 1,586
Investment securities purchases not yet settled 5,528
Operating lease asset and related lease liability recorded $ 219
[1] Not within the scope of ASC 606.