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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities    
Net income $ 3,985 $ 2,733
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 168 144
Accretion and amortization of investment securities premiums and discounts, net 425 722
(Decrease) increase in deferred loan origination fees and costs, net (23) 10
Provision for loan losses 0 525
Stock-based compensation 111 108
Gain on sale of fixed assets (281) 0
Operating lease payments (217) (209)
Gain on sales of loans held-for-sale (115) (69)
Proceeds from sales of loans held-for-sale 6,173 5,148
Originations of loans held-for-sale (6,170) (4,469)
Changes in assets and liabilities:    
(Increase) decrease in interest receivable and other assets (3,219) 830
Net increase (decrease) in interest payable and other liabilities 2,158 (2,254)
Net cash provided by operating activities 2,995 3,219
Cash Flows From Investing Activities    
Proceeds from calls or maturities of available-for-sale securities 17,000 11,115
Principal repayments on available-for-sale securities 11,564 12,193
Purchase of available-for-sale securities (10,928) (36,997)
Net increase in certificates of deposit (2,450) 0
Net decrease in loans 31,811 18,018
Sales/disposals of premises and equipment, net 462 27
Net cash used in investing activities 47,459 4,356
Cash Flows From Financing Activities    
Net decrease in deposits (38,384) (11,946)
Cash dividends paid in lieu of fractional shares (8) (10)
Net cash provided by financing activities (38,392) (11,956)
Net increase (decrease) in Cash and Cash Equivalents 12,062 (4,381)
Cash and Cash Equivalents, beginning of period 116,032 152,892
Cash and Cash Equivalents, end of period 128,094 148,511
Cash paid during the period for:    
Interest 355 261
Supplemental disclosures of non-cash investing and financing activities:    
Stock dividend distributed 6,610 6,046
Unrealized holding gains (losses) on available for sale securities, net of taxes $ 1,478 $ (1,811)