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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net earnings $ 4,459 $ 3,885
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 0 100
Depreciation and amortization 467 536
Premium amortization and discount accretion, net 1,053 1,058
Net gain on securities available for sale 0 (2)
Net gain on sale of loans held for sale (198) (176)
Decrease in MSR valuation allowance 0 (1)
Net gain on other real estate owned 0 (11)
Loans originated for sale (17,282) (11,945)
Proceeds from sale of loans 17,344 12,089
Increase in cash surrender value of bank owned life insurance (213) (217)
Net (increase) decrease in other assets (68) 343
Net decrease in accrued expenses and other liabilities (629) (1,967)
Net cash provided by operating activities 4,933 3,692
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 17,275 17,611
Purchase of securities available-for-sale (17,124) (51,334)
Increase in loans, net (4,288) (6,119)
Net purchases of premises and equipment (36) (615)
Increase in FHLB stock (20) (13)
Proceeds from sale of other real estate owned 1,223 60
Net cash provided by (used in) investing activities (2,970) (40,410)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 5,552 421
Net (decrease) increase in interest-bearing deposits (42,206) 2,892
Net increase in federal funds purchased and securities sold under agreements to repurchase 74 103
Repayments or retirement of long-term debt (3,217) 0
Dividends paid (1,749) (1,676)
Net cash used in financing activities (41,546) 1,740
Net change in cash and cash equivalents (39,583) (34,978)
Cash and cash equivalents at beginning of period 105,528 121,277
Cash and cash equivalents at end of period 65,945 86,299
Cash paid during the period for:    
Interest 1,770 1,858
Income taxes 1,678 2,007
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 1,360 $ 0