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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,083 $ 9,355
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 936 1,594
Provision (credit) for loan losses 1,189 (51)
Deferred income tax provision 126 237
Increase in cash surrender value of bank owned life insurance (571) (365)
Bank Owned Life Insurance Death Benefits In Excess Of Cash Surrender Value 317 0
Realized gain from equity securities (453) (147)
Realized (gain) loss from sales of debt securities, available-for-sale (221) 17
Realized (gain) loss from sales of premises and equipment (50) 2
Realized (gain) loss from sales and impairment of other real estate owned and repossessed assets (11) 47
Origination of mortgage loans for sale (16,551) (4,475)
Realized gains from sales of loans (437) (93)
Proceeds from sales of mortgage loans 16,821 4,527
Compensation expense related to restricted stock 67 91
Changes in:    
Accrued income receivable (4,444) (331)
Other assets (3,529) (619)
Other liabilities 2,293 (1,539)
TOTAL ADJUSTMENTS (5,152) (1,105)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 4,931 8,250
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of equity securities 646 332
Proceeds from sales of debt securities, available-for-sale 8,786 50,302
Available-for-sale 39,560 7,116
Held-to-maturity 1,773 2,411
Purchases of equity securities (44) (352)
Available-for-sale (20,002) (12,301)
Held-to-maturity (1,485) (6,033)
Proceeds from maturities of interest-bearing time deposits 0 498
Proceeds from redemption of Federal Reserve Bank stock 0 1
Purchase of Federal Home Loan Bank stock 0 (358)
Net increase in loans (91,276) (31,126)
Proceeds from bank owned life insurance mortality benefits 958 0
Proceeds from sale of other real estate owned and repossessed assets 208 0
Purchases of premises and equipment (1,604) (1,227)
Proceeds from sale of premises and equipment 225 2
NET CASH FLOWS PROVIDED BY INVESTING ACTIVITIES (62,255) 9,265
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 90,641 57,040
Net decrease in short-term borrowings 0 (56,230)
Principal payments on long-term debt (7,000) (5,055)
Proceeds from issuance of common stock 36 27
Repurchase of common stock 0 (5,841)
Proceeds from exercise of stock options 115 0
Cash dividends paid on common stock (4,497) (4,311)
NET CASH FLOWS USED IN FINANCING ACTIVITIES 79,295 (14,370)
NET CHANGE IN CASH AND CASH EQUIVALENTS 21,971 3,145
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,765 20,040
CASH AND CASH EQUIVALENTS AT END OF PERIOD 42,736 23,185
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 4,466 5,161
Income Taxes Paid 0 963
Transfer from loans to other real estate owned and repossessed assets $ 0 $ 0