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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Operating activities:          
Net income $ 1,605,000 $ 1,845,000 $ 2,643,000 $ 3,258,000  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for loan losses 196,000 (459,000) 552,000 (444,000)  
Depreciation     406,000 396,000  
Net amortization of securities premiums     527,000 305,000  
Net amortization of loan origination fees     28,000 50,000  
Deferred net loan origination costs     (319,000) (161,000)  
Amortization of intangibles 19,000 22,000 38,000 44,000  
Amortization of investment in low income housing partnerships 200,000 200,000 400,000 400,000  
Net amortization of purchase fair value adjustments     (53,000) (134,000)  
Net realized (gain) loss on sales and calls of available for sale securities     (562,000) 56,000  
Change in value of equity securities (18,000) (6,000) 154,000 (15,000)  
Net gain on sales of other real estate owned 0 14,000 0 14,000  
Earnings on bank owned life insurance and annuities (63,000) (71,000) (127,000) (140,000)  
Deferred income tax expense     132,000 132,000  
Stock-based compensation expense     63,000 47,000  
Proceeds from mortgage loans sold to others     38,000 46,000  
Mortgage banking income     (30,000) (36,000)  
Increase in accrued interest receivable and other assets     (2,309,000) (1,798,000)  
(Decrease) increase in accrued interest payable and other liabilities     (506,000) 2,443,000  
Net cash provided by operating activities     1,075,000 4,463,000  
Investing activities:          
Purchases of: Securities available for sale     (152,324,000) (54,716,000)  
Purchases of: FHLB stock     (45,000) (657,000)  
Purchases of: Premises and equipment     (202,000) (170,000)  
Purchases of: Bank owned life insurance and annuities     (18,000) (17,000)  
Proceeds from: Sales of securities available for sale     36,136,000 11,107,000  
Proceeds from: Maturities of and principal repayments on securities available for sale     45,086,000 8,753,000  
Sale of other real estate owned     0 135,000  
Investment in low income housing partnerships     0 (90,000)  
Net decrease in interest bearing time deposits with banks     740,000 590,000  
Net (increase) decrease in loans     (19,615,000) 10,847,000  
Net cash used in investing activities     (90,242,000) (24,218,000)  
Financing activities:          
Net increase in deposits     62,896,000 12,656,000  
Net increase (decrease) in short-term borrowings and securities sold under agreements to repurchase     10,978,000 (11,654,000)  
Issuance of FRB advances     31,298,000 0  
Issuance of long-term debt     0 45,000,000  
Repayment of long-term debt     (10,000,000) (15,000,000)  
Cash dividends     (2,242,000) (2,244,000)  
Purchase of treasury stock     (379,000) 0  
Treasury stock issued for employee stock plans     70,000 89,000  
Net cash provided by financing activities     92,621,000 28,847,000  
Net increase in cash and cash equivalents     3,454,000 9,092,000  
Cash and cash equivalents at beginning of year     12,740,000 16,456,000 $ 16,456,000
Cash and cash equivalents at end of period $ 16,194,000 $ 25,548,000 16,194,000 25,548,000 $ 12,740,000
Supplemental information:          
Interest paid     2,182,000 2,058,000  
Income tax paid     200,000 18,000  
Supplemental schedule of noncash investing and financing activities:          
Right-of-Use assets obtained in exchange for lease obligations     $ 0 $ 556,000