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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net earnings $ 6,434 $ 6,021
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 0 100
Depreciation and amortization 712 772
Premium amortization and discount accretion, net 1,572 1,612
Net gain on securities available for sale 0 (51)
Net gain on sale of loans held for sale (244) (366)
Decrease in MSR valuation allowance 0 (1)
Net gain on other real estate owned 0 (11)
Loans originated for sale (23,946) (21,957)
Proceeds from sale of loans 24,389 22,731
Increase in cash surrender value of bank owned life insurance (324) (329)
Net (increase) decrease in other assets (143) 382
Net decrease in accrued expenses and other liabilities (633) (1,466)
Net cash provided by operating activities 7,817 7,437
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 0 10,374
Proceeds from prepayments and maturities of securities available-for-sale 25,046 25,909
Purchase of securities available-for-sale (19,290) (58,097)
Increase in loans, net (8,138) (18,506)
Net purchases of premises and equipment (170) (1,549)
Increase in FHLB stock (20) (13)
Proceeds from sale of other real estate owned 1,353 60
Net cash used in investing activities (1,219) (41,822)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 5,262 2,862
Net decrease in interest-bearing deposits (43,615) (9,357)
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (770) 207
Repayments or retirement of long-term debt (3,217) 0
Dividends paid (2,624) (2,514)
Net cash used in financing activities (44,964) (8,802)
Net change in cash and cash equivalents (38,366) (43,187)
Cash and cash equivalents at beginning of period 105,528 121,277
Cash and cash equivalents at end of period 67,162 78,090
Cash paid during the period for:    
Interest 2,717 2,791
Income taxes 2,228 2,674
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 1,490 $ 0