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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 14,046,000 $ 16,332,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 197,000 332,000
Realized (gains) losses on available-for-sale debt securities, net (20,000) 284,000
Unrealized (gain) loss on marketable equity security (33,000) 30,000
Gain on restricted equity security 0 (2,321,000)
Depreciation and amortization expense 1,315,000 1,317,000
Accretion and amortization on securities, net 880,000 747,000
Increase in cash surrender value of life insurance (296,000) (295,000)
Stock-based compensation and other expense 646,000 500,000
Deferred income taxes 187,000 (83,000)
Decrease in fair value of servicing rights 312,000 58,000
Gains on sales of loans, net (618,000) (514,000)
Origination of loans held for sale (20,663,000) (16,029,000)
Proceeds from sales of loans held for sale 19,325,000 16,617,000
Decrease in accrued interest receivable and other assets 895,000 138,000
Increase in accrued interest payable and other liabilities 236,000 1,067,000
Other (133,000) 277,000
Net Cash Provided by Operating Activities 16,276,000 18,457,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash and cash equivalents used in business combination (1,778,000) 0
Proceeds from maturities of certificates of deposit 100,000 2,280,000
Purchase of certificates of deposit 0 (1,350,000)
Proceeds from sales of available-for-sale debt securities 95,640,000 17,755,000
Proceeds from calls and maturities of available-for-sale debt securities 61,241,000 36,648,000
Purchase of available-for-sale debt securities (48,776,000) (66,617,000)
Redemption of Federal Home Loan Bank of Pittsburgh stock 8,275,000 4,283,000
Purchase of Federal Home Loan Bank of Pittsburgh stock (4,911,000) (2,874,000)
Net increase in loans (53,859,000) (9,674,000)
Proceeds from sale of restricted equity security 0 884,000
Proceeds from bank owned life insurance 796,000 1,443,000
Purchase of premises and equipment (1,300,000) (962,000)
Proceeds from sale of foreclosed assets 1,740,000 1,381,000
Other 120,000 128,000
Net Cash Provided by (Used in) Investing Activities 57,288,000 (16,675,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 37,532,000 35,498,000
Net decrease in short-term borrowings (103,246,000) (53,345,000)
Proceeds from long-term borrowings 48,500,000 24,000,000
Repayments of long-term borrowings and subordinated debt (31,590,000) (204,000)
Sale of treasury stock 198,000 93,000
Purchase of vested restricted stock (189,000) 0
Common dividends paid (10,713,000) (8,797,000)
Net Cash Used in Financing Activities (59,508,000) (2,755,000)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 14,056,000 (973,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 32,827,000 37,004,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 46,883,000 36,031,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Right-of-use assets recognized at adoption of ASU 2016-02 1,132,000 0
Leased assets obtained in exchange for new operating lease liabilities 745,000 0
Accrued sale of restricted equity security 0 1,437,000
Accrued purchase of available-for-sale debt securities 3,857,000 0
Assets acquired through foreclosure of real estate loans 1,863,000 2,489,000
Interest paid 6,721,000 3,245,000
Income taxes paid $ 1,500,000 $ 2,777,000