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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 5,669 $ 3,301 $ 2,904
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 288 477 1,241
Depreciation 1,250 1,225 1,320
Amortization of investment premiums and discounts, net 799 1,073 1,515
OTTI recovery on available for sale securities (4) (17) (17)
Expense for deferred income taxes 296 1,585 267
Stock compensation expense 164 106 135
Income from bank owned life insurance (304) (483) (343)
Gain on sale of securities available for sale (553) (169) (612)
Gain on sale of mortgage loans (1,434) (1,321) (1,585)
Loss (gain) on disposal of premises and equipment 10 2 (72)
Proceeds from sale of mortgage loans 44,073 51,494 56,309
Gain on sale of foreclosed assets (10) (158) (21)
Originations of mortgage loans sold (42,639) (50,618) (53,026)
(Increase) decrease in:      
Accrued interest receivable 86 210 340
Other assets (784) 389 145
(Decrease) increase in accrued expenses and other liabilities (442) 1,173 (1,980)
Net cash provided by operating activities 6,465 8,269 6,520
Cash flows from investing activities:      
Proceeds from sales, calls and maturities of securities available for sale 35,298 54,416 67,671
Purchase of securities available for sale (23,377) (31,594) (43,778)
Net increase in loans (21,099) (37,605) (49,586)
Proceeds from sale of foreclosed assets 164 3,498 1,623
Proceeds from death benefit of bank owned life insurance policy   777  
Proceeds from sale of premises and equipment     100
Purchase of premises and equipment (319) (466) (775)
Net cash used in investing activities (9,333) (10,974) (24,745)
Cash flows from financing activities:      
Net (decrease) increase in deposits (14,172) 21,127 (6,524)
Increase in advance payments by borrowers for taxes and insurance 471 42 152
Advances from Federal Home Loan Bank 87,000 80,000 26,000
Repayment of advances from Federal Home Loan Bank (77,000) (68,000) (30,000)
Increase (decrease) in repurchase agreements 14,658 (9,302) 1,885
Acquisition of treasury stock (51) (1,308) (1,876)
Proceeds from repayment of ESOP loan 633 647 632
Dividends paid on common stock (1,697) (1,174) (993)
Net cash provided by (used in) financing activities 9,842 22,032 (10,724)
Increase (decrease) in cash and cash equivalents 6,974 19,327 (28,949)
Cash and cash equivalents, beginning of period 45,076 25,749 54,698
Cash and cash equivalents, end of period 52,050 45,076 25,749
Supplemental disclosures of cash flow information:      
Interest paid 7,891 5,920 5,354
Income taxes paid (refund) 583 1,044 (564)
Supplemental disclosures of non-cash investing and financing activities:      
Foreclosures and in-substance foreclosures of loans during year $ 383 $ 4,312 $ 2,263