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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 6,391 $ 3,935
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,022 862
Provision for loan losses 305 980
Amortization/accretion of premiums, discounts and deferred costs and fees, net 235 309
Amortization of operating lease right-of-use assets 98
Amortization of intangible assets and mortgage servicing rights 182 244
Realized (gains) losses on sales of debt securities, net (43) 9
Change in fair value of equity securities, including realized gains (16) (36)
Net gains on sales of loans (129) (60)
Net loss on foreclosed real estate 32 40
Net gain on sale of premises and equipment (11) (25)
Loans originated for sale (5,173) (4,241)
Proceeds from the sale of loans originated for sale 5,148 4,685
Write-down of foreclosed real estate 35 11
Stock compensation expense 271 187
Increase in bank-owned life insurance, net (313) (250)
Increase in accrued interest receivable (184) (85)
(Increase) decrease in prepaid expenses and other assets 154 (2,898)
Increase in accrued interest payable 157 47
Increase (decrease) in accrued expenses and other liabilities (277) 636
Net cash provided by operating activities 7,884 4,350
Cash flows from investing activities    
Loan originations and principal collections, net 19,327 (16,679)
Available-for-sale securities:    
Sales 21,035 12,683
Maturities, repayments and calls 12,946 6,822
Purchases (51,871) (18,645)
Net change in federal bank stocks 495 196
Net increase in interest earning time deposits (3,460) (2,540)
Proceeds from the sale of bank premises and equipment 251 155
Purchases of premises and equipment (1,492) (574)
Proceeds from the sale of foreclosed real estate 742 388
Net cash used in investing activities (2,027) (18,194)
Cash flows from financing activities    
Net increase in deposits 46,479 27,718
Repayments on long-term debt (750) (5,750)
Net change in short-term borrowings (10,800) (450)
Dividends paid (2,439) (1,908)
Net cash provided by financing activities 32,490 19,610
Net increase in cash and cash equivalents 38,347 5,766
Cash and cash equivalents at beginning of period 10,955 10,176
Cash and cash equivalents at end of period 49,302 15,942
Supplemental information:    
Interest paid 5,657 3,670
Income taxes paid 910 560
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 324 526
Initial recognition of operating lease right-of-use assets 1,642
Initial recognition of operating lease liabilities $ 1,858