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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 3,051,000 $ 3,167,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 687,000 618,000
Provision for loan losses 100,000 100,000
Deferred tax expense 456,000 324,000
(Gain) on sale of loans sold in the secondary market (447,000) (258,000)
Origination of loans held for sale in secondary market (18,997,000) (13,604,000)
Proceeds from sale of loans in the secondary market 16,900,000 13,862,000
Loss on sale other real estate held for sale   28,000
Writedown of other real estate held for sale 3,000  
Stock compensation 168,000 138,000
Change in other assets 2,090,000 (2,386,000)
Change in other liabilities (667,000) 3,351,000
Net cash provided by operating activities 3,344,000 5,340,000
Cash Flows from Investing Activities:    
Net increase (decrease) in loans 17,200,000 (9,291,000)
Net decrease in interest-bearing deposits in other financial institutions 1,470,000 740,000
Purchase of securities available for sale (17,873,000)  
Proceeds from maturities, sales, calls or paydowns of securities available for sale 9,988,000 4,306,000
Capital expenditures (1,584,000) (346,000)
Proceeds from sale of other real estate, premises and fixed assets 67,000 415,000
Net cash (used in) provided by investing activities 9,268,000 (4,176,000)
Cash Flows from Financing Activities:    
Net increase (decrease) in deposits 19,704,000 (289,000)
Net activity on line of credit 3,000,000  
Net increase in fed funds purchased 16,565,000 3,875,000
Repurchase of common stock (2,729,000)  
Dividend on common stock (1,475,000) (1,286,000)
Proceeds from term borrowing 10,000,000  
Principal payments on borrowings (10,431,000) (10,658,000)
Net cash provided by (used in) financing activities 34,634,000 (8,358,000)
Net (decrease) increase in cash and cash equivalents 47,246,000 (7,194,000)
Cash and cash equivalents at beginning of period 49,826,000 64,157,000
Cash and cash equivalents at end of period 97,072,000 56,963,000
Cash paid during the year for:    
Interest 2,242,000 2,523,000
Noncash Investing and Financing Activities:    
Transfers of Foreclosures from Loans to Other Real Estate Held for Sale $ 155,000 $ 298,000