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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 1,599 $ 1,583
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion of premises and equipment 932 1,069
Provision for loan losses (115) 856
Deferred income taxes, net 333 1,265
Gain on life insurance   (308)
Increase in cash surrender value of bank owned life insurance (163) (172)
Gain on sale of other real estate owned   15
Loss on write-down of Maryland Financial Bank stock 2 25
Net decrease (increase) in other assets 206 (538)
Net increase in accrued expenses and other liabilities 198 371
Net cash provided by operating activities 2,992 4,136
Cash flows from investing activities:    
Redemptions and maturities of investment securities available for sale 32,584 11,549
Purchases of investment securities available for sale (20,962) (5,440)
Net sales (purchase) of Federal Home Loan Bank stock 1,041 (1,273)
Net decrease (increase) in loans 14,021 (29,117)
Proceeds from sale of real estate acquired through foreclosure   128
Proceeds from redemption of life insurance policy   1,334
Purchases of premises and equipment (336) (209)
Net cash provided by (used in) investing activities 26,348 (23,028)
Cash flows from financing activities:    
Net (decrease) in deposits (1,013) (11,784)
(Decrease) increase in short term borrowings (30,000) 35,000
Cash dividends paid (1,128) (1,122)
Common stock dividends reinvested 137 147
Net cash (used in) provided by financing activities (32,004) 22,241
Net in cash and cash equivalents (2,664) 3,349
Cash and cash equivalents at beginning of year 15,954 12,605
Cash and cash equivalents at end of year 13,290 15,954
Supplemental Disclosures of Cash Flow Information:    
Interest paid on deposits and borrowings 1,979 2,051
Iincome taxes (refunded)   (851)
Income taxes paid 160  
Net decrease (increase) in unrealized depreciation on available for sale securities (2,040) 1,072
(Increase) decrease in unrealized depreciation on Swaps $ (631) 246
Noncash Investing Activities:    
Transfer of loans to real estate acquired through foreclosure   $ 705