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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net income $ 8,044 $ 7,682
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,015 1,144
Provision for credit losses 625 850
Stock based compensation 225 270
Non-cash funding of retirement plans 446 449
Net gain on sale of securities (125)  
Net loss on sale or write down of OREO and other repossessed property 165 151
Gain on insurance proceeds   (8)
Earnings from investment in BOLI (160) (158)
Deferred tax (benefit) expense (125) 193
Proceeds from sales of mortgage loans 11,828 11,088
Mortgage loans originated for sale (11,452) (10,244)
Gain on sale of mortgage loans (216) (193)
Proceeds from sales of loans   805
Loans originated for sale   (768)
Gain on sale of loans   (37)
Write off of property and equipment 3  
Decrease (increase) in accrued interest receivable 85 (388)
Decrease (increase) in other assets 1,144 (230)
(Decrease) increase in accrued interest payable (101) 3
(Decrease) increase in other liabilities (649) 581
Amortization of operating lease right-of-use asset 558  
Accretion of operating lease liability (554)  
Net Cash Provided by Operating Activities 10,756 11,190
Activity in available-for-sale securities:    
Sales 16,715  
Maturities, repayments and calls 47,754 10,976
Purchases (31,546)  
Activity in held-to-maturity securities:    
Maturities, repayments and calls 4,707 413
Net (increase) decrease in restricted stock (144) 1,777
Net decrease (increase) in loans 9,923 (62,848)
Death benefit proceeds   8
Purchases property and equipment (289) (164)
Purchase of third party ownership in OREO (165)  
Proceeds from sale of OREO and other repossessed property 2,855 102
Net Cash Provided By (Used In) Investing Activities 49,810 (49,736)
Cash Flows From Financing Activities:    
Net (decrease) increase in deposits (52,449) 78,678
Repayment of FHLBP advances (66,747) (226,661)
Funding of FHLBP advances 65,000 184,600
Net decrease in repurchase agreements   (7,934)
(Decrease) increase in other borrowings (3,051) 10,816
Dividends paid (910) (902)
Payment of employee taxes on stock option exercise and share award vest (8) (266)
Net Cash (Used in) Provided by Financing Activities (58,165) 38,331
Net Change in Cash and Cash Equivalents 2,401 (215)
Cash and Cash Equivalents at Beginning of Period 17,321 10,917
Cash and Cash Equivalents at End of Period 19,722 10,702
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for: Interest 9,109 6,588
Cash paid during the period for: Income taxes 1,301 975
Supplemental Disclosure of Non-cash Flow Information:    
Transfers from loans to real estate owned and other repossessed property $ 652 $ 318