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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 4,605,000 $ 3,410,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for Loan Losses 400,000 400,000
Change in deferred loan origination costs/fees, net (459,000) (78,000)
Depreciation and amortization 520,000 538,000
Stock-based compensation expense 86,000 55,000
Loss on sale of investments 17,000 32,000
Amortization of investment security premiums 295,000 320,000
Gain on sale of OREO and other vehicles (7,000) (6,000)
Gain on sale of loans held for sale (1,314,000) (892,000)
Loans originated for sale (19,681,000) (14,863,000)
Proceeds from loan sales 22,260,000 15,307,000
Provision from change in OREO valuation 9,000 9,000
Earnings on bank-owned life insurance (167,000) (171,000)
(Increase) decrease in accrued interest receivable and other assets (106,000) 997,000
Decrease in accrued interest payable and other liabilities (1,230,000) (491,000)
Net cash provided by operating activities 5,228,000 4,567,000
Cash Flows from Investing Activities:    
Proceeds from principal repayments from available-for-sale government-sponsored mortgage-backed securities 6,073,000 5,973,000
Proceeds from matured and called available-for-sale investment securities 1,000,000
Purchases of available-for-sale securities (20,287,000) (22,529,000)
Proceeds from sale of available-for-sale securities 4,221,000 14,589,000
Net increase in loans (16,722,000) (31,269,000)
Proceeds from sale of OREO 75,000 92,000
Proceeds from sale of other vehicles 114,000 164,000
Purchase of premises and equipment (179,000) (375,000)
Net cash used in investing activities (26,705,000) (32,355,000)
Cash Flows from Financing Activities:    
Net increase in demand, interest bearing and savings deposits 36,978,000 8,520,000
Net decrease in time deposits (3,172,000) (1,162,000)
Principal payment on note payable (2,375,000) (2,250,000)
Net decrease in securities sold under agreements to repurchase (3,222,000) (3,777,000)
Repurchase of common stock warrant (862,000)
Cash dividends paid on common stock (691,000)
Proceeds from exercise of stock options 164,000 89,000
Net cash provided by financing activities 27,682,000 558,000
Increase (decrease) in cash and cash equivalents 6,205,000 (27,230,000)
Cash and Cash Equivalents at Beginning of Year 62,646,000 68,195,000
Cash and Cash Equivalents at End of Period 68,851,000 40,965,000
Cash paid during the period for:    
Interest expense 502,000 509,000
Income taxes 3,490,000 2,500,000
Non-Cash Investing Activities:    
Real estate and vehicles acquired through foreclosure 288,000 1,301,000
Common stock retired in connection with the exercise of stock options 10,000
Common stock issued in connection with the cashless exercise of stock warrant $ 787,000