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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income for the period $ 2,635 $ 2,019
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment securities amortization, net 212 188
Equity in trust (3) (3)
Depreciation and amortization 802 674
Valuation adjustment for loan servicing rights 1
Stock-based compensation expense 67 72
(Credit) provision for loan and lease losses (154) 720
Valuation adjustment for off-balance sheet commitments 21 (10)
Net gain on the sale of available-for-sale debt securities (160)
Net (gain) loss on equity securities (12) 19
Net gain on the sale of mortgage loans held for sale (56) (49)
Net gain on the sale of SBA guaranteed loans (251)
Net gain on the sale of other real estate owned (38)
Valuation adjustment of other real estate owned 17
Income from bank-owned life insurance (131) (134)
Proceeds from the sale of mortgage loans held for sale 1,858 2,878
Funds used to originate mortgage loans held for sale (1,591) (2,100)
Decrease in net deferred tax assets 555 424
Increase in accrued interest receivable (92) (196)
(Increase) decrease in prepaid expenses and other assets (3,257) 548
Increase in accrued interest payable 1 43
Increase in accrued expenses and other liabilities 603 53
Total adjustments (1,336) 2,855
Net cash provided by operating activities 1,299 4,874
Cash flows from investing activities:    
Maturities, calls and principal payments of available-for-sale debt securities 1,230 1,334
Proceeds from the sale of available-for-sale debt securities 25,130
Purchases of available-for-sale debt securities (15,353)
Redemption (purchase) of the stock in Federal Home Loan Bank of Pittsburgh 3 (2,940)
Net increase in loans to customers (333) (43,006)
Proceeds from the sale of SBA guaranteed loans 5,206
Proceeds from the sale of other real estate owned 465
Purchases of bank premises and equipment (894) (2,840)
Net cash provided by (used in) investing activities 25,136 (57,134)
Cash flows from financing activities:    
Net decrease in deposits (55,539) (47,195)
Net proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight 8,400 59,325
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term 8,478 27,631
Repayment of Federal Home Loan Bank of Pittsburgh advances - term (6,820) (10,439)
Principal reduction on subordinated debentures (5,000)
Proceeds from issuance of common shares, net of discount 21,316 59
Cash dividends paid (1,006) (671)
Net cash (used in) provided by financing activities (30,171) 28,710
Net decrease in cash and cash equivalents (3,736) (23,550)
Cash and cash equivalents at beginning of period 36,481 37,746
Cash and cash equivalents at end of period 32,745 14,196
Supplemental cash flow information    
Interest 2,662 1,519
Income taxes 18
Other transactions:    
Lease liabilities arising from obtaining right-of-use assets $ 12