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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 4,947 $ 3,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of securities premiums and discounts and loan fees 2,050 1,989
Decrease / (increase) in interest receivable (36) 117
Increase / (decrease) in interest payable 26 (1)
Provision for loan losses 280 210
(Gain) / loss on sale of debt securities, net 28 (247)
Gain on equity securities, net (47)
Gain on sale of mortgages (587) (792)
Loans originated for sale (16,557) (15,755)
Proceeds from sales of loans 17,600 15,280
Earnings on bank-owned life insurance (1,291) (344)
Depreciation of premises and equipment and amortization of software 816 808
Deferred income tax (21) (29)
Other assets and other liabilities, net 1,434 (1,017)
Net cash provided by operating activities 8,642 3,918
Securities available for sale:    
Proceeds from maturities, calls, and repayments 8,946 9,704
Proceeds from sales 32,235 40,085
Purchases (41,702) (55,390)
Purchase of regulatory bank stock (1,398) (1,590)
Redemptions of regulatory bank stock 929 1,475
Purchase of bank-owned life insurance 48
Net increase in loans (31,250) (6,737)
Purchases of premises and equipment, net (857) (2,024)
Purchase of computer software (57) (58)
Net cash used for investing activities (33,106) (14,535)
Cash flows from financing activities:    
Net increase in demand, NOW, and savings accounts 18,857 29,905
Net decrease in time deposits (7,265) (6,428)
Net increase (decrease) in short-term borrowings 2,738 (4,172)
Proceeds from long-term debt 11,661 11,147
Repayments of long-term debt (9,150) (7,500)
Dividends paid (1,625) (1,596)
Proceeds from sale of treasury stock 274 270
Treasury stock purchased (178)
Net cash provided by financing activities 15,490 21,448
Increase (decrease) in cash and cash equivalents (8,974) 10,831
Cash and cash equivalents at beginning of period 53,073 45,632
Cash and cash equivalents at end of period 44,099 56,463
Supplemental disclosures of cash flow information:    
Interest paid 1,590 1,434
Income taxes paid 250 1,100
Supplemental disclosure of non-cash investing and financing activities:    
Fair value adjustments for securities available for sale $ 3,730 $ (4,595)