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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,767 $ 5,862
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 1,277 1,296
Depreciation and amortization expense 927 915
Deferred income taxes (242) 64
Stock compensation expense 153 65
Increase in cash value of life insurance (179) (154)
Gain on life insurance (94) (18)
(Gain) loss on sale of securities 95 (54)
Provision for loan losses 968 617
Proceeds from sales of loans 42,466 47,991
Loans originated for sale (41,325) (43,456)
Gain on sale of loans (850) (1,028)
Amortization of tax credit investment 247
Net realized and unrealized loss on foreclosed real estate 442 225
Decrease (increase) in accrued interest receivable 5 (232)
Increase (decrease) in accrued interest payable 38 (24)
Net change in other assets/liabilities (252) (379)
Net Cash Provided By Operating Activities 10,443 11,690
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (2,100) (2,235)
Proceeds from maturities and sales of interest-bearing time deposits 2,423 6,675
Purchase of securities available for sale (25,691) (43,925)
Proceeds from maturities of securities available for sale 2,930 3,405
Proceeds from sales of securities available for sale 14,345 1,644
Principal collected on mortgage-backed obligations 19,425 19,336
Investment in cash value of life insurance (1,000)
Net increase in loans receivable (19,872) (20,630)
Investment in tax credit entities (691)
Proceeds from sale of foreclosed real estate 486 972
Purchase of Federal Home Loan Bank stock (9) (329)
Purchase of premises and equipment (229) (1,138)
Purchase of equity investment (1,922)
Proceeds from settlement of bank-owned life insurance policies 545 804
Net Cash Used In Investing Activities (11,360) (35,421)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 37,517 862
Net increase (decrease) in advances from Federal Home Loan Bank (10,000) 4,000
Purchase of treasury stock (34) (18)
Dividends paid (2,330) (2,150)
Net Cash Provided By Financing Activities 25,153 2,694
Net Increase (Decrease) in Cash and Cash Equivalents 24,236 (21,037)
Cash and cash equivalents at beginning of period 25,915 45,835
Cash and Cash Equivalents at End of Period $ 50,151 $ 24,798