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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 3,379,000 $ 2,935,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 385,000 197,000
Provision for loan losses 225,000 188,000
Net gain on sales of debt and equity securities (6,000) (85,000)
Net unrealized (gain) loss on equity securities (976,000) 246,000
Net gain on sale of other real estate owned, repossessed assets and premises and equipment   (1,000)
Net gain on sale of loans (21,000) (7,000)
Proceeds from sales of residential mortgages held-for-sale 675,000 605,000
Origination of residential mortgages held-for-sale (654,000) (870,000)
Income on bank-owned life insurance (68,000) (68,000)
Stock-based compensation expense 27,000 22,000
Deferred income tax provision (benefit) 511,000 (32,000)
Net increase in income taxes payable 279,000 583,000
Net increase in accrued interest receivable (1,360,000) (152,000)
Amortization of mortgage servicing rights and change in valuation allowance 11,000 14,000
Net amortization of premiums and discounts on investment securities 345,000 386,000
Net increase (decrease) in accrued interest payable 1,000 31,000
Increase in other assets (826,000) (520,000)
Decrease in other liabilities (517,000) (73,000)
Net cash provided by operating activities 1,410,000 3,399,000
Investing Activities    
Proceeds from payments, maturities and calls of investment securities available-for-sale 8,541,000 11,629,000
Proceeds from the sale of debt securities available-for-sale 11,192,000 2,403,000
Proceeds from the sale of equity securities 358,000 712,000
Purchases of debt securities available-for-sale (17,898,000) (2,415,000)
Purchases of equity securities (398,000) (5,425,000)
Proceeds from redemption of investment in restricted bank stock 2,063,000 2,961,000
Purchase of restricted stock (2,504,000) (2,926,000)
Net increase in loans (19,124,000) (16,896,000)
Net purchases of premises and equipment (431,000) (413,000)
Proceeds from sales of other real estate owned and repossessed assets   1,000
Net cash used in investing activities (18,201,000) (10,369,000)
Financing Activities    
Net increase in non-interest bearing deposits 11,355,000 5,828,000
Net increase in interest-bearing deposits 7,661,000 6,594,000
Net (decrease) increase in short-term borrowings (975,000) 9,123,000
Principal payments on finance leases (106,000)  
Cash dividends paid, net of reinvestment (1,015,000) (1,105,000)
Proceeds from issuance of common stock 121,000 69,000
Net cash provided by financing activities 17,041,000 20,509,000
Increase in cash and cash equivalents 250,000 13,539,000
Cash and cash equivalents at beginning of year 13,458,000 16,331,000
Cash and cash equivalents at end of period 13,708,000 29,870,000
Supplemental Cash Flow Disclosures    
Interest paid 2,453,000 1,687,000
Income taxes paid 28,000 $ 6,000
Non-cash transactions:    
Unsettled trades to purchase securities 2,238,000  
Unsettled trades to sell securities $ (4,303,000)