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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net income $ 5,602,000 $ 5,835,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 721,000 (573,000)
Depreciation 806,000 801,000
Net amortization of securities premiums 1,459,000 817,000
Net amortization of loan origination fees 301,000 96,000
Deferred net loan origination costs (684,000) (437,000)
Amortization of intangibles 77,000 87,000
Amortization of investment in low income housing partnerships 799,000 792,000
Net amortization of purchase fair value adjustments (106,000) (187,000)
Net realized (gain) loss on sales and calls of available for sale securities (855,000) 43,000
Change in value of equity securities 53,000 (26,000)
Net gain on sales of other real estate owned 0 (208,000)
Earnings on bank owned life insurance and annuities (263,000) (289,000)
Deferred income tax benefit (155,000) (782,000)
Stock-based compensation expense 128,000 113,000
Proceeds from mortgage loans sold to others 76,000 88,000
Mortgage banking income (54,000) (68,000)
(Increase) decrease in accrued interest receivable and other assets (776,000) 1,872,000
(Decrease) increase in accrued interest payable and other liabilities (354,000) 1,967,000
Net cash provided by operating activities 6,775,000 9,941,000
Investing activities:    
Purchases of: Securities available for sale (268,399,000) (125,422,000)
Purchases of: FHLB stock 0 (1,001,000)
Purchases of: Premises and equipment (371,000) (1,308,000)
Purchases of: Bank owned life insurance and annuities (39,000) (39,000)
Proceeds from: Sales of securities available for sale 97,389,000 21,777,000
Proceeds from: Maturities of and principal repayments on securities available for sale 98,539,000 38,056,000
Proceeds from: Redemption of FHLB stock 19,000 0
Proceeds from: Sale of other real estate owned 0 952,000
Proceeds from: Sale of fixed assets 0 7,000
Proceeds from: Sale of other assets 34,000 13,000
Investment in low income housing partnerships 0 (151,000)
Net decrease in interest bearing time deposits with banks 1,475,000 1,080,000
Net (increase) decrease in loans (21,195,000) 18,068,000
Net cash used in investing activities (92,548,000) (47,968,000)
Financing activities:    
Net increase in deposits 90,925,000 10,210,000
Net increase (decrease) in short-term borrowings and securities sold under agreements to repurchase 11,621,000 (1,382,000)
Issuance of FRB advances 31,298,000 0
Issuance of long-term debt 0 45,000,000
Repayments of FRB advances (3,343,000) 0
Repayment of long-term debt (10,000,000) (15,000,000)
Cash dividends (4,465,000) (4,489,000)
Purchase of treasury stock (1,452,000) (428,000)
Treasury stock issued for employee stock plans 70,000 400,000
Net cash provided by financing activities 114,654,000 34,311,000
Net increase (decrease) in cash and cash equivalents 28,881,000 (3,716,000)
Cash and cash equivalents at beginning of year 12,740,000 16,456,000
Cash and cash equivalents at end of period 41,621,000 12,740,000
Supplemental information:    
Interest paid 4,062,000 4,524,000
Income tax paid 325,000 243,000
Supplemental schedule of noncash investing and financing activities:    
Transfer of loans to repossessed vehicles 29,000 7,000
Right-of-Use assets obtained in exchange for lease obligations $ 0 $ 556,000