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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net earnings $ 2,195 $ 1,890
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Depreciation and amortization 217 284
Premium amortization and discount accretion, net 512 523
Net gain on securities available for sale 0 (2)
Net gain on sale of loans held for sale (106) (99)
Decrease in MSR valuation allowance 0 (1)
Loans originated for sale (6,932) (5,918)
Proceeds from sale of loans 7,990 6,435
Increase in cash surrender value of bank owned life insurance (106) (107)
Net decrease in other assets 78 618
Net decrease in accrued expenses and other liabilities (747) (1,774)
Net cash provided by operating activities 3,101 1,849
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 9,187 7,973
Purchase of securities available-for-sale (15,346) (38,559)
Increase in loans, net 9,822 338
Net purchases of premises and equipment (20) (26)
Increase in FHLB stock (20) (13)
Net cash provided by (used in) investing activities 3,623 (30,287)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 4,368 9,150
Net (decrease) increase in interest-bearing deposits (24,695) 2,009
Net increase in federal funds purchased and securities sold under agreements to repurchase 213 265
Dividends paid (874) (838)
Net cash (used in) provided by financing activities (20,988) 10,586
Net change in cash and cash equivalents (14,264) (17,852)
Cash and cash equivalents at beginning of period 105,528 121,227
Cash and cash equivalents at end of period 91,264 103,375
Cash paid during the period for:    
Interest 933 986
Income taxes 848 717
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 0