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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 2,063 $ 2,635
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment securities amortization, net 120 212
Equity in trust (3) (3)
Depreciation and amortization 744 802
Valuation adjustment for loan servicing rights 23 1
Stock-based compensation expense 62 67
Provision (credit) for loan and lease losses 1,151 (154)
Valuation adjustment for off-balance sheet commitments 2 21
Net gain on the sale of available-for-sale debt securities (149) (160)
Net gain on equity securities (14) (12)
Net gain on the sale of mortgage loans held for sale (96) (56)
Income from bank-owned life insurance (129) (131)
Proceeds from the sale of mortgage loans held for sale 2,982 1,858
Funds used to originate mortgage loans held for sale (2,295) (1,591)
Decrease in net deferred tax assets 452 555
Increase in accrued interest receivable (153) (92)
Decrease (increase) in prepaid expenses and other assets 87 (3,257)
Increase in accrued interest payable 3 1
(Decrease) increase in accrued expenses and other liabilities (548) 603
Total adjustments 2,239 (1,336)
Net cash provided by operating activities 4,302 1,299
Cash flows from investing activities:    
Maturities, calls and principal payments of available-for-sale debt securities 3,865 1,230
Proceeds from the sale of available-for-sale debt securities 7,975 25,130
Purchases of available-for-sale debt securities (37,424)
(Purchase) redemption of the stock in Federal Home Loan Bank of Pittsburgh (420) 3
Net increase in loans to customers (6,966) (333)
Proceeds from the sale of other real estate owned 204
Purchases of bank premises and equipment (337) (894)
Net cash (used in) provided by investing activities (33,103) 25,136
Cash flows from financing activities:    
Net decrease in deposits (147) (55,539)
Net proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight 21,025 8,400
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term 10,000 8,478
Repayment of Federal Home Loan Bank of Pittsburgh advances - term (6,820)
Proceeds from Federal Reserve Bank Discount Window advances 10,000
Principal reduction on subordinated debentures (5,000)
Proceeds from issuance of common shares, net of discount 15 21,316
Cash dividends paid (1,110) (1,006)
Net cash provided by (used in) financing activities 39,783 (30,171)
Net increase (decrease) in cash and cash equivalents 10,982 (3,736)
Cash and cash equivalents at beginning of period 34,565 36,481
Cash and cash equivalents at end of period 45,547 32,745
Supplemental cash flow information    
Interest 1,963 2,662
Other transactions:    
Lease liabilities arising from obtaining right-of-use assets $ 15 $ 12