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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 9,266,000 $ 7,452,000 $ 6,877,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Amortization of premium and accretion of discount on securities, net 1,689,000 1,731,000 1,268,000
Depreciation and amortization expense 1,215,000 1,226,000 1,187,000
Deferred income taxes (395,000) 348,000 220,000
Stock compensation expense 192,000 88,000 82,000
Increase in cash value of life insurance (227,000) (197,000) (184,000)
Gain on life insurance (94,000) (18,000)
(Gain) loss on sale of available for sale securities 95,000 (54,000) (176,000)
Provision for loan losses 1,168,000 915,000 645,000
Proceeds from sale of loans 55,189,000 66,674,000 51,343,000
Loans originated for sale (54,308,000) (63,412,000) (51,590,000)
Gain on sale of loans (1,100,000) (1,385,000) (1,179,000)
Amortization of tax credit investment 329,000
Impairment loss on tax credit investment 270,000
Unrealized loss on equity securities 207,000
Net realized and unrealized loss on foreclosed real estate 442,000 260,000 50,000
Net (gain) loss on sale of premises and equipment (1,000) 11,000
Net gain on sale of cost method equity investment (145,000)
Increase in accrued interest receivable (134,000) (331,000) (119,000)
Increase (decrease) in accrued interest payable 43,000 (26,000) (34,000)
Net change in other assets/liabilities (499,000) 149,000 (16,000)
Net Cash Provided By Operating Activities 13,348,000 13,419,000 8,240,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease in interest-bearing time deposits 1,548,000 5,477,000 1,920,000
Purchase of securities available for sale (37,350,000) (48,890,000) (184,752,000)
Proceeds from maturities of securities available for sale 3,325,000 5,515,000 85,806,000
Proceeds from sales of securities available for sale 14,345,000 1,644,000 4,583,000
Principal collected on mortgage-backed obligations 25,338,000 25,559,000 19,765,000
Investment in cash value of life insurance (1,000,000)
Net increase in loans receivable (25,906,000) (29,946,000) (23,689,000)
Investment in tax credit entities (1,095,000)
Purchase of Federal Home Loan Bank stock (9,000) (329,000)
Proceeds from sale of foreclosed real estate 483,000 1,010,000 1,222,000
Purchase of premises and equipment (402,000) (1,269,000) (1,992,000)
Proceeds from sale of premises and equipment 1,000 36,000
Proceeds from sale of cost method equity investment 856,000
Purchase of equity investment (1,922,000)
Proceeds from settlement of bank-owned life insurance policies 545,000 804,000
Net Cash Used In Investing Activities (22,100,000) (40,424,000) (96,245,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposits 37,084,000 (88,000) 27,473,000
Net increase (decrease) in advances from Federal Home Loan Bank (10,000,000) 10,000,000
Purchase of treasury stock (34,000) (18,000) (34,000)
Dividends paid (3,101,000) (2,883,000) (2,817,000)
Net Cash Provided By Financing Activities 23,949,000 7,011,000 24,622,000
Net Increase (Decrease) in Cash and Cash Equivalents 15,197,000 (19,994,000) (63,383,000)
Cash and cash equivalents at beginning of year 25,915,000 45,909,000 109,292,000
Cash and Cash Equivalents at End of Year $ 41,112,000 $ 25,915,000 $ 45,909,000