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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Net incom $ 5,244,000 $ 5,676,000
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 1,102,000 1,041,000
Depreciation and amortization expense 543,000 585,000
Deferred income taxes (200,000) (467,000)
Stock compensation expense 196,000 230,000
Increase in cash value of life insurance (113,000) (118,000)
Gain on sale of securities 0 (7,000)
Provisions for loan losses 375,000 75,000
Proceeds from sales of loans 29,574,000 73,054,000
Loans originated for sale (27,217,000) (69,169,000)
Gain on sale of loans (550,000) (1,297,000)
Amortization of tax credit investment 177,000 177,000
Unrealized (gain) loss on equity securities 36,000 (427,000)
Net realized and unrealized gain on foreclosed real estate (15,000) 0
(Increase) decrease in accrued interest receivable (378,000) 119,000
Increase (decrease) in accrued interest payable (18,000) (32,000)
Net change in other assets/liabilities (1,655,000) (4,000)
Net Cash Provided By Operating Activities 7,101,000 9,436,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in interest-bearing time deposits 453,000 200,000
Purchase of securities available for sale (70,693,000) (123,660,000)
Purchase of securities held to maturity (5,000,000) (2,000,000)
Proceeds from maturities of securities available for sale 4,051,000 28,231,000
Proceeds from sales of securities available for sale 0 1,798,000
Principal collected on mortgage-backed obligations 12,714,000 19,568,000
Net (increase) decrease in loans receivable (44,385,000) 15,396,000
Investment in tax credit entity 0 (100,000)
Proceeds from sale of foreclosed real estate 39,000 0
Proceeds from redemption of Federal Home Loan Bank stock 152,000 0
Purchase of premises and equipment (186,000) (72,000)
Net Cash Used In Investing Activities (102,855,000) (60,639,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 49,081,000 61,120,000
Purchase of treasury stock 0 (40,000)
Dividends paid (1,768,000) (1,769,000)
Net Cash Provided By Financing Activities 47,313,000 59,311,000
Net Increase (Decrease) in Cash and Cash Equivalents (48,441,000) 8,108,000
Cash and cash equivalents at beginning of period 172,509,000 175,888,000
Cash and Cash Equivalents at End of Period $ 124,068,000 $ 183,996,000