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Consolidated Statements of Cash Flows
$ in Thousands
 9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Cash flows from operating activities:    
Net earnings $ 7,057 $ 6,434
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 0 0
Depreciation and amortization 705 712
Premium amortization and discount accretion, net 1,365 1,572
Net gain on securities available for sale (57) 0
Net gain on sale of loans held for sale (382) (244)
Net gain on other real estate owned (59) 0
Loans originated for sale (22,051) (23,946)
Proceeds from sale of loans 21,585 24,389
Increase in cash surrender value of bank owned life insurance (326) (324)
Net increase in other assets (1,009) (143)
Net increase (decrease) in accrued expenses and other liabilities 1,677 (633)
Net cash provided by operating activities 8,505 7,817
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 12,159 0
Proceeds from prepayments and maturities of securities available-for-sale 38,413 25,046
Purchase of securities available-for-sale (55,212) (19,290)
Increase in loans, net 11,735 (8,138)
Net purchases of premises and equipment (1,604) (170)
Decrease (increase) in FHLB stock 32 (20)
Proceeds from sale of other real estate owned 394 1,353
Net cash provided by investing activities 5,917 (1,219)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 1,630 5,262
Net decrease in interest-bearing deposits (2,752) (43,615)
Net decrease in federal funds purchased and securities sold under agreements to repurchase (1,328) (770)
Repayments or retirement of long-term debt 0 (3,217)
Stock repurchases (2,721) 0
Proceeds from sale of treasury stock 0 0
Dividends paid (2,683) (2,624)
Net cash used in financing activities (7,854) (44,964)
Net change in cash and cash equivalents 6,568 (38,366)
Cash and cash equivalents at beginning of period 65,076 105,528
Cash and cash equivalents at end of period 71,644 67,162
Cash paid during the period for:    
Interest 3,037 2,717
Income taxes 1,499 2,228
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right of use assets 891  
Initial recognition of operating lease liabilities 889  
Real estate acquired through foreclosure $ 82 $ 1,490