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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net earnings $ 5,880 $ 6,167
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 0 (600)
Depreciation and amortization 1,098 967
Premium amortization and discount accretion, net 2,450 2,954
Net gain on securities available for sale (44) (15)
Net gain on sale of loans held for sale (315) (1,168)
Net gain on other real estate owned (162) 0
Loans originated for sale (8,711) (39,632)
Proceeds from sale of loans 10,292 43,234
Increase in cash surrender value of bank owned life insurance (294) (302)
Net (increase) decrease in other assets (15,570) (216)
Net (decrease) increase in accrued expenses and other liabilities 14,102 (2,430)
Net cash provided by operating activities 8,726 8,959
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 38,871 53,724
Purchase of securities available-for-sale (93,106) (135,434)
Decrease in loans, net (15,644) 8,569
Net purchases of premises and equipment (5,540) (13,287)
(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 (74,957) (86,161)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 5,570 53,752
Net increase in interest-bearing deposits (21,875) 61,427
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (835) 918
Stock repurchases (460) (1,320)
Dividends paid (2,791) (2,766)
Net cash provided by financing activities (20,391) 112,011
Net change in cash and cash equivalents (86,622) 34,809
Cash and cash equivalents at beginning of period 156,259 112,575
Cash and cash equivalents at end of period 69,637 147,384
Cash paid during the period for:    
Interest 1,705 1,914
Income taxes $ 1,031 $ 2,145