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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings $ 6,021 $ 6,073
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 100 (600)
Depreciation and amortization 772 876
Premium amortization and discount accretion, net 1,612 1,137
Net gain on securities available for sale (51) (148)
Net gain on sale of loans held for sale (366) (609)
(Decrease) increase in MSR valuation allowance (1) 21
Net gain on other real estate owned (11) (238)
Loans originated for sale (21,957) (33,331)
Proceeds from sale of loans 22,731 34,537
Increase in cash surrender value of bank owned life insurance (329) (339)
Net decrease in other assets 382 196
Net (decrease) increase in accrued expenses and other liabilities (1,466) 577
Net cash provided by operating activities 7,437 8,152
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 10,374 5,126
Proceeds from prepayments and maturities of securities available-for-sale 25,909 50,934
Purchase of securities available-for-sale (58,097) (62,556)
Increase in loans, net (18,506) (189)
Net purchases of premises and equipment (1,549) (1,173)
Increase in FHLB stock (13) (25)
Proceeds from sale of other real estate owned 60 695
Net cash used in investing activities (41,822) (7,188)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 2,862 22,759
Net (decrease) increase in interest-bearing deposits (9,357) 5,529
Net increase in federal funds purchased and securities sold under agreements to repurchase 207 556
Dividends paid (2,514) (2,459)
Net cash (used in) provided by financing activities (8,802) 26,385
Net change in cash and cash equivalents (43,187) 27,349
Cash and cash equivalents at beginning of period 121,277 113,930
Cash and cash equivalents at end of period 78,090 141,279
Cash paid during the period for:    
Interest 2,791 3,193
Income taxes 2,674 1,703
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 285