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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Net income $ 3,372,000 $ 2,701,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Amortization of premiums and accretion of discounts on securities, net 472,000 349,000
Depreciation and amortization expense 579,000 349,000
Deferred income taxes 162,000 263,000
Stock compensation expense 39,000 38,000
Increase in cash value of life insurance (103,000) (67,000)
Gain on life insurance 0 (110,000)
Gain on sale of securities (176,000) 0
Provision for loan losses 225,000 50,000
Proceeds from sales of loans 22,858,000 16,586,000
Loans originated for sale (20,450,000) (16,165,000)
Gain on sale of loans (518,000) (486,000)
Decrease (increase) in accrued interest receivable (98,000) 42,000
Decrease in accrued interest payable (22,000) (33,000)
Net change in other assets/liabilities (312,000) (735,000)
Net Cash Provided By Operating Activities 6,028,000 2,782,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (495,000) (1,490,000)
Proceeds from maturities and sales of interest-bearing time deposits 1,115,000 245,000
Purchase of securities available for sale (138,801,000) (15,366,000)
Proceeds from maturities of securities available for sale 66,150,000 10,264,000
Proceeds from sales of securities available for sale 4,583,000 0
Principal collected on mortgage-backed obligations 7,402,000 6,016,000
Net (increase) decrease in loans receivable (3,345,000) 1,125,000
Proceeds from redemption of Federal Home Loan Bank stock 0 691,000
Proceeds from sale of foreclosed real estate 795,000 74,000
Purchase of premises and equipment (910,000) (379,000)
Net Cash Provided By (Used In) Investing Activities (63,506,000) 1,180,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 20,280,000 3,611,000
Purchase of treasury stock (32,000) 0
Dividends paid (1,416,000) (1,169,000)
Net Cash Provided By Financing Activities 18,832,000 2,442,000
Net Increase (Decrease) in Cash and Cash Equivalents (38,646,000) 6,404,000
Cash and cash equivalents at beginning of period 109,174,000 33,243,000
Cash and Cash Equivalents at End of Period $ 70,528,000 $ 39,647,000