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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,240 $ 3,750
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Amortization of premiums and accretion of discounts on securities, net 850 849
Depreciation and amortization expense 620 609
Deferred income taxes (327) (158)
Stock compensation expense 106 43
Increase in cash value of life insurance (128) (113)
Gain on life insurance (94) (18)
(Gain) loss on sale of securities 95 (61)
Provision for loan losses 513 467
Proceeds from sales of loans 26,679 29,184
Loans originated for sale (25,575) (26,131)
Gain on sale of loans (530) (611)
Amortization of tax credit investment 164
Net realized and unrealized loss on foreclosed real estate 466 200
Decrease (increase) in accrued interest receivable 18 (122)
Increase (decrease) in accrued interest payable 6 (19)
Net change in other assets/liabilities (799) (448)
Net Cash Provided By Operating Activities 6,304 7,421
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (990)
Proceeds from maturities and sales of interest-bearing time deposits 1,488 2,425
Purchase of securities available for sale (13,657) (35,133)
Proceeds from maturities of securities available for sale 870 2,785
Proceeds from sales of securities available for sale 14,345 1,090
Principal collected on mortgage-backed obligations 12,742 12,353
Investment in cash value of life insurance (1,000)
Net increase in loans receivable (10,355) (14,116)
Investment in tax credit entities (691)
Proceeds from sale of foreclosed real estate 214 872
Purchase of Federal Home Loan Bank stock (9) (329)
Purchase of premises and equipment (123) (964)
Proceeds from settlement of bank-owned life insurance policies 127 804
Net Cash Provided By (Used In) Investing Activities 3,951 (31,203)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 37,274 15,716
Repayment of advances from Federal Home Loan Bank (10,000)
Dividends paid (1,558) (1,416)
Net Cash Provided By Financing Activities 25,716 14,300
Net Increase (Decrease) in Cash and Cash Equivalents 35,971 (9,482)
Cash and cash equivalents at beginning of period 25,915 45,835
Cash and Cash Equivalents at End of Period $ 61,886 $ 36,353