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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net earnings $ 3,882 $ 4,292
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses (250) (600)
Depreciation and amortization 631 629
Premium amortization and discount accretion, net 1,738 1,940
Net gain on sale of loans held for sale (349) (935)
Net gain on other real estate owned (162) 0
Loans originated for sale (8,027) (32,608)
Proceeds from sale of loans 8,666 35,279
Increase in cash surrender value of bank owned life insurance (196) (202)
Net (increase) decrease in other assets (9,152) 22
Net (decrease) increase in accrued expenses and other liabilities 7,397 (2,404)
Net cash provided by operating activities 4,178 5,413
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 29,570 38,204
Purchase of securities available-for-sale (77,776) (94,297)
Decrease in loans, net 17,519 4,805
Net purchases of premises and equipment (4,059) (7,926)
(Increase) decrease in FHLB stock (74) 267
Proceeds from sale of other real estate owned 536 0
Net cash (used in) provided by investing activities (34,284) (58,947)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits (4,924) 37,958
Net increase in interest-bearing deposits 13,379 45,712
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 699 1,141
Stock repurchases (331) (750)
Dividends paid (1,862) (1,849)
Net cash provided by financing activities 6,961 82,212
Net change in cash and cash equivalents (23,145) 28,678
Cash and cash equivalents at beginning of period 156,259 112,575
Cash and cash equivalents at end of period 133,114 141,253
Cash paid during the period for:    
Interest 1,206 1,302
Income taxes $ 731 $ 1,335