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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 7,954 $ 4,211
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,388 1,172
Provision for loan losses 715 1,280
Amortization/accretion of premiums, discounts and deferred costs and fees, net 406 63
Amortization of operating lease right-of-use assets 132  
Amortization of intangible assets and mortgage servicing rights 249 321
Realized (gain) loss on sales of debt securities, net (78) 9
Change in fair value of equity securities, including realized gain (12) (500)
Net gain on sales of loans (114) (19)
Net (gain) loss on foreclosed real estate (49) 34
Net loss on sale of premises and equipment 279 108
Loans originated for sale (6,027) (5,329)
Proceeds from the sale of loans originated for sale 6,178 5,906
Write-down of foreclosed real estate 37 266
Stock compensation expense 368 269
Increase in bank-owned life insurance, net (406) (340)
Proceeds from bank-owned life insurance claim (160)
Decrease in deferred taxes 122 234
Increase in accrued interest receivable (30) (65)
Increase in prepaid expenses and other assets (107) (1,187)
Increase in accrued interest payable 121 21
Increase (decrease) in accrued expenses and other liabilities (538) 158
Net cash provided by operating activities 10,428 6,612
Cash flows from investing activities    
Loan originations and principal collections, net 10,791 (24,474)
Proceeds from sales of loans held for sale previously classified as portfolio loans 967 2,355
Available-for-sale securities:    
Sales 36,370 11,482
Maturities, repayments and calls 19,007 10,615
Purchases (76,149) (19,145)
Net cash received for acquisition 1,557
Net change in federal bank stocks 561 (1,499)
Net change in interest earning time deposits (2,960) (2,540)
Proceeds from the sale of bank premises and equipment 251 155
Purchases of premises and equipment (1,809) (885)
Proceeds from the sale of foreclosed real estate 1,109 395
Net cash used in investing activities (11,862) (21,984)
Cash flows from financing activities    
Net increase in deposits 25,578 754
Proceeds from long-term debt 15,000
Repayments on long-term debt (6,000) (6,000)
Net change in short-term borrowings (10,800) 9,150
Dividends paid (3,313) (2,753)
Net cash provided by financing activities 5,465 16,151
Net increase in cash and cash equivalents 4,031 779
Cash and cash equivalents at beginning of period 10,955 10,176
Cash and cash equivalents at end of period 14,986 10,955
Supplemental information:    
Interest paid 7,962 5,304
Income taxes paid 1,410 830
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 645 904
Initial recognition of operating lease right-of-use assets 1,642  
Initial recognition of operating lease liabilities 1,858  
Transfers from portfolio loans to loans held for sale 1,004 2,409
Equity securities retired as a result of business combination $ 931