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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Net income $ 5,133,000 $ 4,102,000
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 839,000 516,000
Depreciation and amortization expense 876,000 533,000
Deferred income taxes 400,000 492,000
Stock compensation expense 60,000 53,000
Increase in cash value of life insurance (143,000) (101,000)
Gain on life insurance 0 (110,000)
Gain on sale of securities (176,000) 0
Provision for loan losses 425,000 50,000
Proceeds from sales of loans 38,608,000 22,193,000
Loans originated for sale (37,191,000) (20,292,000)
Gain on sale of loans (889,000) (617,000)
Decrease (increase) in accrued interest receivable (117,000) 57,000
Decrease in accrued interest payable (30,000) (37,000)
Net change in other assets/liabilities 551,000 (122,000)
Net Cash Provided By Operating Activities 8,347,000 6,717,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (1,975,000) (3,610,000)
Proceeds from maturities and sales of interest-bearing time deposits 3,090,000 245,000
Purchase of securities available for sale (159,338,000) (20,375,000)
Proceeds from maturities of securities available for sale 82,271,000 15,863,000
Proceeds from sales of securities available for sale 4,583,000 0
Principal collected on mortgage-backed obligations 13,183,000 8,973,000
Net increase in loans receivable (7,857,000) (5,124,000)
Proceeds from redemption of Federal Home Loan Bank stock 0 691,000
Proceeds from sale of foreclosed real estate 867,000 157,000
Purchase of premises and equipment (1,384,000) (561,000)
Net Cash Used In Investing Activities (66,560,000) (3,741,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 21,570,000 (10,050,000)
Purchase of treasury stock (34,000) (10,000)
Dividends paid (2,116,000) (1,748,000)
Net Cash Provided By (Used In) Financing Activities 19,420,000 (11,808,000)
Net Increase Decrease in Cash and Cash Equivalents (38,793,000) (8,832,000)
Cash and cash equivalents at beginning of period 109,174,000 33,243,000
Cash and Cash Equivalents at End of Period $ 70,381,000 $ 24,411,000