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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities          
Net income     $ 2,974 $ 3,196  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     535 644  
Provision for loan losses $ 911 $ 205 1,261 255 $ 346
Loss on interest rate swaps     2    
Gain on sales of securities available for sale       (79)  
Amortization of security premiums, net     247 206  
Amortization of unearned compensation, net of forfeiture     (30) 134  
Issuance of vested restricted stock     108 95  
Bank-owned life insurance income (90) (90) (180) (183)  
Originations of mortgage loans held for sale     (1,884) (260)  
Proceeds from mortgage loans held for sale     2,176 266  
Gain on mortgage loans held for sale (33) (6) (45) (6)  
Changes in assets and liabilities:          
Increase in other assets     (844) (5,650)  
Increase (decrease) in other liabilities     (744) 4,925  
Net cash provided by operating activities     3,576 3,543  
Cash Flows from Investing Activities          
Proceeds from sales, maturities, calls and principal payments of securities available for sale     6,317 18,014  
Purchase of securities available for sale     (2,270) (15,601)  
Purchase of premises and equipment     (21) (374)  
Purchase of restricted investments, net     (671) (331)  
Loan originations, net     (72,367) 5,483  
Net cash provided by (used in) investing activities     (69,012) 7,191  
Cash Flows from Financing Activities          
Increase (decrease) in noninterest-bearing checking, interest-bearing checking, savings and money market accounts     86,824 (39,428)  
Increase (decrease) in time deposits     (3,173) 11,046  
Increase in Federal Home Loan Bank advances     15,956 5,958  
Cash dividends paid on common stock     (949) (909)  
Repurchase of common stock     (24) (21)  
Net cash provided by (used in) financing activities     98,634 (23,354)  
Increase (decrease) in cash and cash equivalents     33,198 (12,620)  
Cash and Cash Equivalents          
Beginning     46,341 67,110 67,110
Ending $ 79,539 $ 54,490 79,539 54,490 $ 46,341
Cash payments for:          
Interest     1,556 2,037  
Income taxes       420  
Supplemental Disclosures of Noncash Investing Activities          
Unrealized gain on securities available for sale, net of tax     2,181 1,892  
Unrealized loss on interest rate swap, net of tax     $ (393) $ (228)