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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net income $ 8,349,000 $ 12,711,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 9,840,000 890,000
Investment securities gains on sale, net [1] 0 (194,000)
Loss (gain) on equity securities [1] 101,000 (94,000)
Depreciation and amortization of premises and equipment, net 1,342,000 1,039,000
Software amortization expense 351,000 638,000
Financing lease amortization expense 286,000 360,000
Gain on sale of premises and equipment (27,000) 0
Amortization of premium and discount on investment securities, net 365,000 259,000
Accretion of deferred loan fees, net (2,790,000) (753,000)
Amortization of core deposit intangibles 332,000 341,000
Stock-based compensation (income) expense, net 144,000 644,000
Origination of loans held for sale (42,487,000) (19,845,000)
Proceeds from sale of loans 44,316,000 19,655,000
Gain on sale of loans (1,487,000) (433,000)
Earnings on bank-owned life insurance [1] (427,000) (431,000)
Deferred income tax (1,348,000) 327,000
Gain on other real estate owned (253,000) (123,000)
(Increase) decrease in accrued interest receivable (1,739,000) 162,000
(Decrease) increase in accrued interest payable (337,000) 173,000
Other, net 551,000 (1,867,000)
Net cash provided by operating activities 15,082,000 13,459,000
INVESTING ACTIVITIES    
Proceeds from repayments and maturities 18,170,000 17,687,000
Proceeds from sale of securities 0 12,324,000
Purchases (24,071,000) (34,961,000)
(Increase) decrease in loans, net (127,874,000) 6,932,000
Proceeds from the sale of other real estate owned 709,000 360,000
Net purchase of premises and equipment (1,077,000) (1,897,000)
Proceeds from the disposal of premises and equipment 27,000 0
Purchase of restricted stock (1,600,000) (169,000)
Redemption of restricted stock 391,000 0
Net cash (used in) provided by investing activities (135,325,000) 276,000
FINANCING ACTIVITIES    
Net increase in deposits 204,357,000 4,776,000
Decrease in short-term borrowings, net (5,075,000) (85,323,000)
Proceeds from other borrowings 3,952,000 0
Repayment of other borrowings (674,000) (426,000)
Restricted stock cash portion 0 (44,000)
Stock options exercised 12,000 4,000
Proceeds from dividend reinvestment and purchase plan 0 372,000
Repurchase of treasury shares (1,191,000) (2,229,000)
Cash dividends (3,834,000) (3,685,000)
Net cash provided by (used in) financing activities 197,547,000 (86,555,000)
Increase (decrease) in cash and cash equivalents 77,304,000 (72,820,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 35,113,000 107,933,000
CASH AND CASH EQUIVALENTS AT END OF YEAR 112,417,000 35,113,000
SUPPLEMENTAL INFORMATION    
Interest on deposits and borrowings 9,587,000 12,967,000
Income taxes 2,177,000 2,705,000
Operating lease assets added to other, net 0 (1,071,000)
Operating lease liabilities added to other, net 0 1,071,000
Transfers from loans to other real estate owned 7,688,000 122,000
Finance lease assets added to premises and equipment (1,010,000) (4,373,000)
Finance lease liabilities added to borrowed funds $ 1,010,000 $ 4,373,000
[1] Not within scope of ASC 606