XML 21 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net earnings $ 8,834 $ 7,846
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 0 (300)
Depreciation and amortization 938 1,016
Premium amortization and discount accretion, net 2,025 2,133
Deferred income tax expense 71 356
Net gain on securities available for sale 0 (51)
Net gain on sale of loans held for sale (311) (504)
Net gain on other real estate owned 0 (5)
Loans originated for sale (27,681) (29,796)
Proceeds from sale of loans 29,323 29,651
Increase in cash surrender value of bank owned life insurance (435) (442)
Net (increase) decrease in other assets (221) 592
Net decrease in accrued expenses and other liabilities (402) (1,095)
Net cash provided by operating activities 12,141 9,401
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 8,770 10,374
Proceeds from prepayments and maturities of securities available-for-sale 22,673 32,945
Purchase of securities available-for-sale (19,841) (59,160)
Increase in loans, net (24,749) (22,291)
Net purchases of premises and equipment (240) (1,618)
Increase in FHLB stock (20) (13)
Proceeds from sale of other real estate owned 1,353 157
Net cash used in investing activities (12,054) (39,606)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 7,731 12,027
Net (decrease) increase in interest-bearing deposits (41,197) 6,489
Net decrease in federal funds purchased and securities sold under agreements to repurchase (358) (708)
Repayments or retirement of long-term debt (3,217) 0
Dividends paid (3,498) (3,352)
Net cash provided by financing activities (40,539) 14,456
Net change in cash and cash equivalents (40,452) (15,749)
Cash and cash equivalents at beginning of period 105,528 121,277
Cash and cash equivalents at end of period 65,076 105,528
Cash paid during the period for:    
Interest 3,616 3,624
Income taxes 2,688 3,289
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 1,525 $ 0