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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 3,691 $ 2,766
Items not requiring (providing) cash    
Accretion of premiums and discounts on securities, net 80 0
Depreciation and amortization 712 683
Expense related to share based compensation plans 205 104
Expense related to ESOP 210 210
Provision for loan losses 201 75
Increase in value of bank-owned life insurance (220) (227)
Gain on sale of loans (54) (88)
Proceeds from sale of loans held for sale 2,621 3,860
Originations of loans held for sale (2,567) (3,772)
(Gain) Loss on sale or write down of foreclosed assets (15) 12
Amortization of mortgage servicing rights 28 5
Net change in accrued interest receivable and other assets (886) (1,660)
Net change in accrued expenses and other liabilities (67) 773
Net cash provided by operating activities 3,939 2,741
Securities available for sale:    
Maturities, prepayments and calls 0 7,249
Purchases (42,514) (6,248)
Net change in loans (25,138) (3,909)
Purchases of premises and equipment (617) (674)
Proceeds from sale of foreclosed assets 285 9
Net cash used in investing activities (67,984) (3,573)
Financing Activities    
Net change in deposits 48,365 42,048
Net change in securities sold under repurchase agreements 4,314 6,795
Net change in FHLB overnight borrowings 12,200 (19,500)
Repayments of long-term borrowings (83) (15,098)
Cash dividends paid on common stock (2,156) (1,846)
Net cash provided by financing activities 62,640 12,399
(Decrease) Increase in Cash and Cash Equivalents (1,405) 11,567
Cash and Cash Equivalents, Beginning of Period 14,315 11,541
Cash and Cash Equivalents, End of Period 12,910 23,108
Supplemental Cash Flows Information    
Interest paid on deposits and borrowings 2,046 1,370
Federal income taxes paid 665 448
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Transfers from loans to foreclosed assets held for sale $ 280 $ 0