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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 1,190 $ 2,082
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 354 325
Provision for loan losses 792 180
Amortization/accretion of premiums, discounts and deferred costs and fees, net 265 24
Amortization of operating lease right-of-use assets 34 33
Amortization of intangible assets and mortgage servicing rights 62 62
Realized gain on sales of debt securities, net (78) (2)
Change in fair value of equity securities, including realized gain 10 (10)
Net gain on sales of loans (14)
Net loss on foreclosed real estate 5 14
Loans originated for sale (724)
Proceeds from the sale of loans originated for sale 526
Write-down of foreclosed real estate 21
Stock compensation expense 112 90
Decrease (increase) in bank-owned life insurance, net 126 (95)
Increase in accrued interest receivable (261) (165)
Increase in prepaid expenses and other assets (59) (1)
Increase in accrued interest payable 45 108
Increase (decrease) in accrued expenses and other liabilities (386) (1,072)
Net cash provided by operating activities 2,211 1,382
Cash flows from investing activities    
Loan originations and principal collections, net (40,577) 7,846
Available-for-sale securities:    
Sales 8,226 3,975
Maturities, repayments and calls 5,772 3,577
Purchases (6,786) (7,740)
Net change in federal bank stocks (1,076) 552
Net change in interest earning time deposits 750 500
Proceeds from the sale of bank premises and equipment 190
Purchases of premises and equipment (312) (704)
Proceeds from the sale of foreclosed real estate 115 146
Net cash provided by (used in) investing activities (33,888) 8,342
Cash flows from financing activities    
Net increase in deposits (4,408) (2,119)
Proceeds from long-term debt 20,000
Repayments on long-term debt (250) (250)
Net change in short-term borrowings 12,250 (9,800)
Dividends paid (812) (783)
Net cash provided by (used in) financing activities 26,780 (12,952)
Net decrease in cash and cash equivalents (4,897) (3,228)
Cash and cash equivalents at beginning of period 14,986 10,955
Cash and cash equivalents at end of period 10,089 7,727
Supplemental information:    
Interest paid 2,168 1,664
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 209 283
Initial recognition of operating lease right-of-use assets 1,642
Initial recognition of operating lease liabilities $ 1,858