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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 2,484 $ 4,222
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 707 669
Provision for loan losses 1,892 450
Amortization/accretion of premiums, discounts and deferred costs and fees, net 371 109
Amortization of operating lease right-of-use assets 68 65
Amortization of intangible assets and mortgage servicing rights 137 121
Realized gain on sales of debt securities, net (635) (1)
Change in fair value of equity securities, including realized gain 5 (10)
Net gain on sales of loans (52)
Net loss on foreclosed real estate 32
Net gain on sale of premises and equipment (11)
Loans originated for sale (2,395)
Proceeds from the sale of loans originated for sale 2,313
Write-down of foreclosed real estate 32 35
Stock compensation expense 224 180
Increase in bank-owned life insurance, net (209) (217)
Proceeds from surrender of bank-owned life insurance 220
Decrease (increase) in accrued interest receivable (849) 66
Increase in prepaid expenses and other assets (196) (9)
Increase (decrease) in accrued interest payable (42) 148
Increase (decrease) in accrued expenses and other liabilities 241 (1,005)
Net cash provided by operating activities 4,450 4,710
Cash flows from investing activities    
Loan originations and principal collections, net (110,767) 16,035
Available-for-sale securities:    
Sales 40,011 12,882
Maturities, repayments and calls 11,801 8,240
Purchases (20,459) (21,602)
Net change in federal bank stocks (391) 587
Net change in interest earning time deposits 3,236 (3,220)
Proceeds from the sale of bank premises and equipment 251
Purchases of premises and equipment (571) (1,111)
Proceeds from the sale of foreclosed real estate 166 625
Net cash provided by (used in) investing activities (76,974) 12,687
Cash flows from financing activities    
Net increase in deposits 81,588 16,060
Proceeds from long-term debt 20,000
Repayments on long-term debt (16,500) (500)
Net change in short-term borrowings (10,800)
Dividends paid (1,716) (1,656)
Net cash provided by financing activities 83,372 3,104
Net increase in cash and cash equivalents 10,848 20,501
Cash and cash equivalents at beginning of period 14,986 10,955
Cash and cash equivalents at end of period 25,834 31,456
Supplemental information:    
Interest paid 4,415 3,496
Income taxes paid 100 585
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 267 324
Initial recognition of operating lease right-of-use assets 1,642
Initial recognition of operating lease liabilities $ 1,858