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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 3,551 $ 3,559
Adjustments to reconcile to net income to net cash from operating activities    
Recovery of loan losses (87) (258)
Depreciation and amortization 816 916
Amortization of right of use asset 212 0
Amortization of premiums and discounts on securities and loans 1 3
Amortization of core deposit intangible 20 122
Amortization of servicing assets 17 27
Net change in net deferred loan origination costs 7 36
(Gain) loss on sale of other real estate owned (95) 21
Gain on sale of equity securities (295) 0
Loss on disposal of other assets (19) 0
Other real estate owned valuation adjustments 0 25
Net change in:    
Accrued interest receivable (459) (281)
Earnings on bank owned life insurance (30) (66)
Other assets 656 2,037
Accrued interest payable and other liabilities (3,991) (2,431)
Net cash from operating activities 342 3,710
Securities    
Proceeds from maturities 30,974 27,499
Proceeds from principal repayments 449 1,030
Proceeds from sale of equity securities 3,722 0
Purchases of securities (26,479) (37,923)
Loans receivable    
Principal payments on loans receivable 231,500 226,439
Originated for investment (214,175) (189,659)
Proceeds from sale of other real estate owned 446 713
Purchase of premises and equipment, net (197) (150)
Net cash from investing activities 26,240 27,949
Cash flows from financing activities    
Net change in deposits (25,738) (62,044)
Net change in borrowings (4,943) 215
Net change in advance payments by borrowers for taxes and insurance (1,397) (2,087)
Payments for Repurchase of Common Stock (12,840) (1,323)
Payments of Ordinary Dividends, Common Stock (1,646) (1,436)
Net cash used in financing activities (46,564) (66,675)
Net change in cash and cash equivalents (19,982) (35,016)
Beginning cash and cash equivalents 98,204 127,592
Ending cash and cash equivalents 78,222 92,576
Supplemental disclosures of cash flow information:    
Interest paid 3,453 1,694
Income taxes paid 375 43
Loans transferred to other real estate owned 46 562
Recording of right of use asset in exchange for lease obligations $ 6,694 $ 0