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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net earnings $ 2,543 $ 2,195
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 0 0
Depreciation and amortization 212 217
Premium amortization and discount accretion, net 423 512
Net gain on securities available for sale (5) 0
Net gain on sale of loans held for sale (86) (106)
Loans originated for sale (5,045) (6,932)
Proceeds from sale of loans 4,159 7,990
Increase in cash surrender value of bank owned life insurance (110) (106)
Net decrease in other assets 181 78
Net increase (decrease) in accrued expenses and other liabilities 276 (747)
Net cash provided by operating activities 2,548 3,101
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 10,264 9,187
Purchase of securities available-for-sale (8,974) (15,346)
Increase in loans, net 4,276 9,822
Net purchases of premises and equipment (1,446) (20)
Decrease (increase) in FHLB stock 32 (20)
Net cash provided by investing activities 4,152 3,623
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 10,607 4,368
Net increase (decrease) in interest-bearing deposits 4,831 (24,695)
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (667) 213
Stock repurchases (2,147) 0
Dividends paid (898) (874)
Net cash used in financing activities 11,726 (20,988)
Net change in cash and cash equivalents 18,426 (14,264)
Cash and cash equivalents at beginning of period 65,076 105,528
Cash and cash equivalents at end of period 83,502 91,264
Cash paid during the period for:    
Interest 1,033 933
Income taxes 0 848
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 0