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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 6,412 $ 5,854
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 596 538
Amortization of right-of-use lease asset 92  
Amortization of deferred loan costs (107) 234
Amortization of intangibles 192 230
Amortization of low income housing partnerships 119 116
Provision for loan losses 1,050 1,050
Net unrealized (gain) loss on equity investment securities (1) 8
Net loss (gain) on sale of other real estate owned 8 (11)
Loans originated for sale (1,501) (2,608)
Proceeds from sale of loans originated for sale 2,278 2,729
Net gain on sale of loans originated for sale (28) (15)
Net amortization of investment securities 474 623
Life insurance investment income (186) (187)
Stock based compensation 83 37
Net change in:    
Accrued interest receivable (96) 454
Other assets (3,823) 517
Accrued interest payable (317) 21
Other liabilities 2,545 295
Net cash provided by operating activities 7,790 9,885
Proceeds from repayments of investment securities:    
Available-for-sale 14,287 7,919
Held-to-maturity 196 242
Purchases of investment securities:    
Available-for-sale (13,021) (9,941)
Net purchase of restricted equity securities (964) (1,669)
Net increase in lending activities (26,629) (33,730)
Purchases of premises and equipment (1,062) (492)
Proceeds from the sale of premises and equipment 23  
Proceeds from sale of other real estate owned 84 83
Net cash used in investing activities (27,086) (37,588)
Cash flows from financing activities:    
Net (decrease) increase in deposits (6,792) 1,000
Repayment of long-term debt (460) (469)
Net increase in short-term borrowings 22,500 18,825
Cash dividends paid (2,516) (2,366)
Net cash provided by financing activities 12,732 16,990
Net increase (decrease) in cash and cash equivalents (6,564) (10,713)
Cash and cash equivalents at beginning of period 32,616 37,488
Cash and cash equivalents at end of period 26,052 26,775
Cash paid during the period for:    
Interest 4,821 2,786
Income taxes 1,100 1,800
Noncash items:    
Transfers of loans to other real estate 85 $ 495
Initial recognition of right-of-use assets 5,513  
Initial recognition of lease liability $ 5,513