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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income $ 20,445 $ 21,371
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment securities amortization, net 2,883 2,059
Equity in trust (11) (6)
Depreciation of bank premises and equipment 1,565 1,567
Amortization of loan origination fees (466) (4,793)
Valuation adjustment for loan servicing rights (3) (16)
Stock-based compensation expense 583 526
Provision for loan and lease losses 1,962 166
Valuation adjustment for off-balance sheet commitments 366 (30)
Net (loss) gain on the sale of available-for-sale debt securities 223 (213)
Net (loss) gain on equity securities 34 (701)
Net gain on the sale of mortgage loans held for sale (205) (352)
Net gain on other real estate owned (3) (11)
Valuation adjustment of other real estate owned 0 (36)
Loss on the disposition of bank premises and equipment 0 300
Bank-owned life insurance settlement (273) (426)
Income from bank-owned life insurance (710) (541)
Proceeds from the sale of mortgage loans held for sale 9,444 9,778
Funds used to originate mortgage loans held for sale (9,299) (7,319)
(Increase) decrease in net deferred tax assets (573) 387
Increase in accrued interest receivable (1,314) (357)
Increase in other assets (1,163) (672)
Increase (decrease) in accrued interest payable 122 (59)
(Decrease) increase in other liabilities (3,637) 3,536
Total adjustments (475) 2,787
Net cash provided by operating activities 19,970 24,158
Cash flows from investing activities:    
Maturities, calls and principal payments of available-for-sale debt securities 37,876 36,666
Proceeds from the sale of available-for-sale debt securities 14,004 2,981
Purchases of available-for-sale debt securities (78,097) (223,949)
Purchase of equity securities (3,188) (1,195)
Purchase of restricted stock (6,634) (166)
Proceeds from the sale of equity securities 359 0
Net increase in loans and leases to customers (144,506) (73,238)
Proceeds from the sale of other real estate owned 695 243
Proceeds received from bank-owned life insurance settlement 978 1,685
Purchase of bank-owned life insurance (3,000) (2,500)
Investment in low-income housing tax credit program (2,203) 0
Purchases of bank premises and equipment (871) (1,290)
Net cash used in investing activities (184,587) (260,763)
Cash flows from financing activities:    
Net (decrease) increase in deposits (34,381) 167,580
Proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight 139,400 0
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term 42,650 20,000
Repayment of Federal Home Loan Bank of Pittsburgh advances - term (30,000) 0
Repurchase of common shares (3,636) (2,397)
Proceeds from issuance of common shares, net of discount 0 58
Cash dividends paid (6,520) (5,427)
Net cash provided by financing activities 107,513 179,814
Net decrease in cash and cash equivalents (57,104) (56,791)
Cash and cash equivalents at beginning of year 99,020 155,811
Cash and cash equivalents at end of year 41,916 99,020
Supplemental cash flow information    
Interest 6,610 2,764
Taxes 4,616 4,480
Other transactions:    
Commitment in low-income housing tax credit program 8,811 0
Loans transferred to OREO 0 138
OREO transferred to bank premises and equipment 228 0
Lease liabilities arising from obtaining right-of-use assets $ 559 $ 60