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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities:      
Net income $ 11,576 $ 11,006 $ 8,716
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 3,301 3,029 3,113
Provision for loan losses 1,085 1,450 1,450
Deferred income tax expense 341 1,019 (666)
Stock-based compensation expense 817 749 550
Excess tax benefit from exercise of stock options/SSARs 23 28 96
Proceeds from sale of loans held-for-sale 52,718 32,721 43,350
Originations of loans held-for-sale (42,328) (34,858) (38,624)
Earnings from bank-owned life insurance (647) (598) (581)
Net gain from sales of loans (856) (645) (878)
Net (gain) loss from sales of investment securities (14) (54) 147
Net loss from sale and write-down of foreclosed assets held-for-sale 44 90 79
Net loss from write-down and disposal of bank premises and equipment 13 18 164
Operating lease payments 81    
Change in:      
Accrued interest receivable (10) (486) (536)
Other assets 420 (2,503) (3,989)
Accrued interest payable and other liabilities (778) 2,684 1,496
Net cash provided by operating activities 25,786 13,650 13,887
Available-for-sale securities:      
Proceeds from sales 10,952 13,514 5,970
Proceeds from maturities, calls and principal pay-downs 35,045 20,434 20,578
Purchases (43,384) (63,571) (55,016)
Decrease (increase) in FHLB stock 1,956 (3,507) (226)
Net increase in loans and leases (36,912) (81,887) (44,584)
Principal portion of lease payments received under direct finance leases 3,170    
Purchase of life insurance policies (2,000)   (8,000)
Purchases of bank premises and equipment (4,128) (3,572) (921)
Proceeds from sale of bank premises and equipment 240 8 6
Proceeds from sale of foreclosed assets held-for-sale 1,065 1,462 534
Net cash used in investing activities (33,996) (117,119) (69,842)
Cash flows from financing activities:      
Net increase in deposits 65,554 40,037 12,878
Net (decrease) increase in short-term borrowings (38,527) 57,864 14,278
Proceeds from issuance of FHLB advances   15,000 25,704
Repayment of FHLB advances (16,704) (4,500) (4,500)
Repayment of finance lease obligation (73) (38)  
Proceeds from employee stock purchase plan participants 175 149 126
Exercise of stock options   14 416
Dividends paid (4,037) (3,397) (2,954)
Cash paid in lieu of fractional shares     (11)
Net cash provided by financing activities 6,388 105,129 45,937
Net (decrease) increase in cash and cash equivalents (1,822) 1,660 (10,018)
Cash and cash equivalents, beginning 17,485 15,825 25,843
Cash and cash equivalents, ending 15,663 17,485 15,825
Supplemental Disclosures of Cash Flow Information, Cash payments for:      
Interest 7,440 4,689 3,058
Income tax 1,950 600 2,700
Supplemental Disclosures of Non-cash Investing Activities:      
Net change in unrealized gains on available-for-sale securities 5,946 (3,137) 191
Transfers from loans to foreclosed assets held-for-sale 1,288 781 280
Transfers from loans to loans held-for-sale 6,038 1,204 $ 3,821
Transfers from premises and equipment to other assets held-for-sale   253  
Right-of-use asset 6,211    
Lease liability 6,710    
Goodwill $ 209 $ 209