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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 3,011,000 $ 2,605,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 240,000 210,000
Gain on equity securities [1] (58,000) (18,000)
Depreciation and amortization of premises and equipment, net 259,000 231,000
Software amortization expense 145,000 150,000
Financing lease amortization expense 69,000
Amortization of premium and discount on investment securities, net 94,000 104,000
Accretion of deferred loan fees, net (259,000) (341,000)
Amortization of core deposit intangibles 85,000 91,000
Stock-based compensation expense 186,000 96,000
Restricted stock cash portion (44,000)
Origination of loans held for sale (2,556,000) (1,783,000)
Proceeds from sale of loans 1,960,000 1,313,000
Gain on sale of loans (37,000) (4,000)
Earnings on bank-owned life insurance [1] (105,000) (112,000)
Deferred income tax 295,000 131,000
Net gain on other real estate owned (43,000)
(Increase) decrease in accrued interest receivable (200,000) 19,000
Increase (decrease) in accrued interest payable 192,000 (5,000)
Other, net (2,553,000) (737,000)
Net cash provided by operating activities 681,000 1,950,000
INVESTING ACTIVITIES    
Proceeds from repayments and maturities 3,799,000 1,380,000
Purchases (2,679,000)
Increase in loans, net (12,616,000) (8,669,000)
Proceeds from the sale of other real estate owned 225,000
Purchase of premises and equipment (295,000) (603,000)
Purchase of restricted stock (90,000)
Net cash used in investing activities (11,566,000) (7,982,000)
FINANCING ACTIVITIES    
Net increase in deposits 24,164,000 66,379,000
Increase (decrease) in short-term borrowings, net 602,000 (56,036,000)
Repayment of other borrowings (56,000) (10,037,000)
Proceeds from dividend reinvestment and purchase plan 196,000 161,000
Cash dividends (909,000) (1,063,000)
Net cash provided by (used in) financing activities 23,997,000 (596,000)
Increase (decrease) in cash and cash equivalents 13,112,000 (6,628,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 107,933,000 39,886,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 121,045,000 33,258,000
Cash paid during the year for:    
Interest on deposits and borrowings 3,062,000 2,043,000
Noncash operating transactions:    
Operating lease assets added to other, net (2,101,000)
Operating lease liabilities added to other, net 2,101,000
Noncash investing transactions:    
Transfers from loans to other real estate owned 38,000
Transfer of equity securities from investment securities available for sale, at fair value (625,000)
Finance lease assets added to premises and equipment (2,771,000)
Noncash financing transactions:    
Finance lease liabilities added to borrowed funds $ 2,771,000
[1] Not within scope of ASC 606