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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings $ 9,878,000 $ 18,011,000 $ 19,493,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Provision for loan losses 500,000 3,300,000
Valuation allowance on real estate owned 354,000 48,000 19,000
Amortization of investment security premiums, net 1,481,000 2,078,000 1,219,000
Accretion of purchase accounting adjustments (460,000) (55,000) (67,000)
Amortization of intangibles 1,446,000 1,601,000 1,602,000
Depreciation 1,134,000 997,000 987,000
Increase in cash surrender value of bank owned life insurance [1] (780,000) (686,000) (611,000)
Stock-based compensation 295,000 323,000 304,000
Deferred income taxes (1,190,000) 808,000 (503,000)
Net loss (gain) on investment securities 1,103,000 (1,138,000) (2,448,000)
Net (gain) loss on sales of premises and equipment and foreclosed assets (114,000) 5,000 29,000
Net gains on sales of loans [1] (3,444,000) (10,487,000) (15,155,000)
Proceeds from sale of loans 145,923,000 344,187,000 407,978,000
Origination of loans held for sale (140,990,000) (324,908,000) (402,564,000)
Changes in assets and liabilities:      
Accrued interest and other assets 5,146,000 611,000 (2,606,000)
Accrued interest, expenses and other liabilities 4,998,000 (736,000) 3,833,000
Net cash provided by operating activities 24,780,000 31,159,000 14,810,000
Cash flows from investing activities:      
Net (increase) decrease in loans (73,571,000) 47,840,000 (175,721,000)
Net change in interest-bearing deposits at banks (1,728,000) (1,918,000) (3,556,000)
Maturities and prepayments of investment securities 53,877,000 60,904,000 56,945,000
Purchases of investment securities (226,336,000) (174,748,000) (42,022,000)
Proceeds from sale of available-for-sale securities 52,597,000 16,623,000 61,163,000
Redemption of bank stocks 4,208,000 2,418,000 3,001,000
Purchase of bank stocks (6,074,000) (850,000) (4,365,000)
Net cash paid in bank acquisition (572,000)
Proceeds from sales of premises and equipment and foreclosed assets 1,379,000 601,000 366,000
Purchase of bank owned life insurance (6,000,000)
Premiums paid on bank owned life insurance (63,000)
Purchases of premises and equipment, net (876,000) (1,324,000) (359,000)
Net cash used in investing activities (197,159,000) (56,454,000) (104,548,000)
Cash flows from financing activities:      
Net increase in deposits 1,758,000 132,454,000 180,979,000
Federal Home Loan Bank advance borrowings 327,360,000 161,170,000
Federal Home Loan Bank advance repayments (326,160,000) (164,170,000)
Proceeds from other borrowings 10,065,000 1,075,000
Repayments on other borrowings (1,065,000) (1,075,000)
Change in repurchase agreements (199,000) 1,032,000 (11,177,000)
Proceeds from exercise of stock options 22,000 42,000
Payment of dividends (4,198,000) (3,818,000) (3,633,000)
Purchase of treasury stock (1,239,000) (2,349,000)
Net cash provided by financing activities 6,322,000 129,690,000 160,862,000
Net  (decrease) increase in cash and cash equivalents (166,057,000) 104,395,000 71,124,000
Cash and cash equivalents at beginning of year 189,213,000 84,818,000 13,694,000
Cash and cash equivalents at end of year 23,156,000 189,213,000 84,818,000
Supplemental disclosure of cash flow information:      
Cash payments paid during the year for income taxes 1,104,000 4,458,000 4,135,000
Cash paid during the year for interest 4,032,000 1,549,000 3,005,000
Cash paid during the year for operating leases 175,000 141,000 179,000
Supplemental schedule of noncash investing and financing activities:      
Transfer of loans to real estate owned 1,264,000 1,886,000
Operating lease asset and related liability recorded 219,000
Bank acquisition:      
Fair value of liabilities assumed 181,350,000
Fair value of assets acquired $ 200,033,000
[1] Not within the scope of ASC 606.