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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,530 $ 10,083
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 989 936
Provision (credit) for loan losses (67) 1,189
Deferred income tax provision 356 126
Increase in cash surrender value of bank owned life insurance (536) (571)
Bank Owned Life Insurance Death Benefits In Excess Of Cash Surrender Value 0 317
Gain from equity securities (90) (453)
Realized gain from sales of debt securities, available-for-sale 0 (221)
Realized gain from sales of premises and equipment (5) (50)
Realized gain from sales and impairment of other real estate owned and repossessed assets 0 (11)
Origination of mortgage loans for sale (7,591) (16,551)
Realized gains from sales of loans (194) (437)
Proceeds from sales of mortgage loans 7,690 16,821
Compensation expense related to restricted stock 145 67
Changes in:    
Accrued interest receivable (58) (4,444)
Other assets (180) (3,529)
Other liabilities (3,431) 2,293
TOTAL ADJUSTMENTS (2,972) (5,152)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 7,558 4,931
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of equity securities 0 646
Proceeds from sales of debt securities, available-for-sale 0 8,786
Available-for-sale 16,592 39,560
Held-to-maturity 1,508 1,773
Purchases of equity securities (9) (44)
Available-for-sale (121,604) (20,002)
Held-to-maturity (940) (1,485)
Net increase in loans (16,855) (91,276)
Proceeds from bank owned life insurance mortality benefits 0 958
Proceeds from sale of other real estate owned and repossessed assets 0 208
Purchases of premises and equipment (930) (1,604)
Proceeds from sale of premises and equipment 5 225
NET CASH FLOWS USED IN INVESTING ACTIVITIES (122,233) (62,255)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 121,922 90,641
Principal payments on long-term debt (7,000) (7,000)
Proceeds from issuance of common stock 16 36
Repurchase of common stock (4,403) 0
Proceeds from exercise of stock options 4 115
Cash dividends paid on common stock (4,685) (4,497)
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 105,854 79,295
NET CHANGE IN CASH AND CASH EQUIVALENTS (8,821) 21,971
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 31,730 20,765
CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,909 42,736
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 2,365 4,466
Income Taxes Paid 2,290 0
Right-of-use assets obtained in exchange for new operating lease liabilities $ 801 $ 0