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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 11,075 $ 13,349
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment securities amortization, net 746 824
Equity in trust (13) (12)
Depreciation and amortization 2,987 2,968
Valuation adjustment for loan servicing rights 2
Stock-based compensation expense 405 279
Provision for loan and lease losses 797 2,550
Valuation adjustment for off-balance sheet commitments 448 (127)
Net (gain) loss on the sale of available-for-sale debt securities (1,227) 4
Net (gain) loss on equity securities (29) 27
Net gain on the sale of mortgage loans held for sale (253) (210)
Net gain on the sale of SBA guaranteed loans (322)
Net gain on the sale of other real estate owned (20) (31)
Valuation adjustment of other real estate owned 85 102
Loss on the disposition of bank premises and equipment 35 328
Gain on bank-owned life insurance settlement (114)
Income from bank-owned life insurance (520) (555)
Proceeds from the sale of mortgage loans held for sale 9,900 9,819
Funds used to originate mortgage loans held for sale (9,887) (9,334)
Decrease in net deferred tax assets 2,396 5,835
Decrease (increase) in accrued interest receivable 380 (380)
Increase in prepaid expenses and other assets (2,107) (2,347)
(Decrease) increase in accrued interest payable (80) 97
Decrease in director indemnification liability (2,553)
(Decrease) increase in accrued expenses and other liabilities (354) 2,839
Total adjustments 3,577 9,801
Net cash provided by operating activities 14,652 23,150
Cash flows from investing activities:    
Maturities, calls and principal payments of available-for-sale debt securities 11,051 6,676
Proceeds from the sale of available-for-sale debt securities 128,233 4,559
Purchases of available-for-sale debt securities (105,995) (22,256)
Purchase of the stock in Federal Home Loan Bank of Pittsburgh (681) (360)
Net decrease (increase) in loans to customers 7,737 (77,924)
Proceeds from the sale of SBA guaranteed loans 6,032
Proceeds from the sale of other real estate owned 821 470
Proceeds received from bank-owned life insurance settlement 419
Proceeds received from sale of bank premises and equipment 16
Purchases of bank premises and equipment (4,540) (6,015)
Net cash provided by (used in) investing activities 37,061 (88,818)
Cash flows from financing activities:    
Net (decrease) increase in deposits (93,920) 93,181
Net proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight 7,500 6,600
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term 70,000 73,929
Repayment of Federal Home Loan Bank of Pittsburgh advances - term (49,521) (106,567)
Principal reduction on subordinated debentures (5,000)
Proceeds from issuance of common shares, net of discount 21,342 117
Cash dividends paid (4,030) (2,857)
Net cash (used in) provided by financing activities (53,629) 64,403
Net decrease in cash and cash equivalents (1,916) (1,265)
Cash and cash equivalents at beginning of year 36,481 37,746
Cash and cash equivalents at end of year 34,565 36,481
Supplemental cash flow information    
Interest 9,876 8,481
Income taxes 23
Other transactions:    
Lease liabilities arising from obtaining right-of-use assets 92
Bank premises and equipment transferred to other real estate owned 291
Loans transferred to other real estate owned and repossessed assets 146
Investor loans transferred to other real estate owned $ 256