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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net Income $ 9,650 $ 4,622
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:    
Net (Accretion) Amortization on Investments (145) 96
Depreciation and Amortization 2,730 2,263
Provision for Loan Losses 550 2,125
Fair Value of Marketable Equity Securities (104) (54)
Net Gain on Purchased Tax Credits (27) (33)
Income from Bank-Owned Life Insurance (408) (370)
Proceeds From Mortgage Loans Sold 7,378 6,434
Originations of Mortgage Loans for Sale (7,188) (6,328)
Net Gain on Sales of Loans (190) (106)
Net Loss on Sales of Investment Securities 50
Net Loss (Gain) on Saless of Other Real Estate Owned and Repossessed Assets 6 (19)
Noncash Expense for Stock-Based Compensation 230 361
Decrease (Increase) in Accrued Interest Receivable 33 (996)
Net (Gain) Loss on Disposal of Fixed Assets (2) 74
Increase (Decrease) in Taxes Payable 259 (954)
Increase in Accrued Interest Payable 331 191
Net Payment of Federal/State Income Taxes (850)
Other, Net (448) 568
NET CASH PROVIDED BY OPERATING ACTIVITIES 12,705 7,024
INVESTING ACTIVITIES    
Proceeds From Principal Repayments and Maturities 34,490 11,624
Purchases of Securities (50,185) (1,069)
Proceeds from Sales of Securities 29,460 80,314
Net Increase in Loans (21,531) (63,176)
Purchase of Premises and Equipment (66) (4,529)
Asset Acquisition of a Customer List (900)
Proceeds From a Claim on Bank-Owned Life Insurance 950
Proceeds From Sales of Other Real Estate Owned and Repossessed Assets 1,123 214
Decrease in Restricted Equity Securities 214 389
Net Cash Received from Acquisition 20,632
Acquisition of Bank-Owned Life Insurance (750)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (8,145) 45,349
FINANCING ACTIVITIES    
Net Increase (Decrease) in Deposits 39,250 7,927
Net Decrease in Short-Term Borrowings (1,861) (28,056)
Principal Payments on Other Borrowed Funds (3,000) (3,541)
Cash Dividends Paid (3,911) (3,283)
Treasury Stock, Purchases at Cost (19) (298)
Exercise of Stock Options 41 213
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 30,500 (27,038)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 35,060 25,335
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 53,353 20,622
CASH AND DUE FROM BANKS AT END OF PERIOD 88,413 45,957
Cash paid for:    
Interest on deposits and borrowings (including interest credited to deposit accounts of $3,543 and $3,372, respectively) 5,497 4,019
Income taxes 2,260 850
Real estate acquired in settlement of loans 427 46
Non-cash transaction related to FWVB acquisition 41,527
Non-cash transaction related to loan payoff receivable 1,644
Right of use asset recognized 1,707
Lease liability recognized $ 1,712