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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net earnings $ 2,006 $ 1,801
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 0 400
Depreciation and amortization 297 458
Premium amortization and discount accretion, net 959 446
Net gain on securities available for sale 0 (6)
Net gain on sale of loans held for sale (537) (163)
Loans originated for sale (17,503) (9,844)
Proceeds from sale of loans 20,036 10,596
Increase in cash surrender value of bank owned life insurance (104) (117)
Income recognized on death benefit of life insurance 0 (282)
Net (increase) decrease in other assets 15 (444)
Net (decrease) increase in accrued expenses and other liabilities 695 (1,035)
Net cash provided by operating activities 5,864 1,810
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 24,145 9,575
Purchase of securities available-for-sale (56,409) (48,747)
Decrease in loans, net (115) 17,015
Net purchases of premises and equipment (5,577) (104)
Proceeds from bank-owned life insurance death benefit 0 (694)
(Increase) decrease in FHLB stock 267 (9)
Net cash (used in) provided by investing activities (37,689) (21,576)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 20,471 9,551
Net increase in interest-bearing deposits 20,327 13,082
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 946 306
Dividends paid (927) (910)
Net cash provided by financing activities 40,817 22,029
Net change in cash and cash equivalents 8,992 2,263
Cash and cash equivalents at beginning of period 112,575 92,443
Cash and cash equivalents at end of period 121,567 94,706
Cash paid during the period for:    
Interest 687 1,089
Income taxes 671 0
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 99