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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,166,000 $ 5,090,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan losses 1,528,000 (957,000)
Accretion and amortization on securities, net 367,000 209,000
Increase in cash surrender value of life insurance (104,000) (92,000)
Depreciation and amortization of bank premises and equipment 447,000 425,000
Other accretion and amortization, net (355,000) (3,000)
Stock-based compensation 194,000 229,000
Deferred income taxes 397,000 476,000
Decrease in fair value of servicing rights 126,000 77,000
Gains on sales of loans, net (315,000) (87,000)
Origination of loans held for sale (10,414,000) (2,259,000)
Proceeds from sales of loans held for sale 10,842,000 2,539,000
Increase in accrued interest receivable and other assets (1,886,000) (649,000)
Decrease in accrued interest payable and other liabilities (799,000) (2,217,000)
Other (67,000) 39,000
Net Cash Provided by Operating Activities 4,127,000 2,820,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of certificates of deposit 0 100,000
Proceeds from sales of available-for-sale debt securities 6,722,000 0
Proceeds from calls and maturities of available-for-sale debt securities 17,451,000 18,613,000
Purchase of available-for-sale debt securities (12,993,000) (8,934,000)
Redemption of Federal Home Loan Bank of Pittsburgh stock 3,660,000 2,308,000
Purchase of Federal Home Loan Bank of Pittsburgh stock (2,735,000) (1,753,000)
Net decrease in loans 15,179,000 1,681,000
Proceeds from bank owned life insurance 0 796,000
Purchase of premises and equipment (1,300,000) (496,000)
Proceeds from sale of foreclosed assets 1,253,000 176,000
Other 70,000 46,000
Net Cash Provided by Investing Activities 27,307,000 12,537,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) increase in deposits (2,789,000) 6,139,000
Net decrease in short-term borrowings (48,619,000) (7,721,000)
Proceeds from long-term borrowings 25,891,000 5,000,000
Repayments of long-term borrowings (5,074,000) (8,071,000)
Sale of treasury stock 124,000 162,000
Purchase of vested restricted stock (163,000) (189,000)
Common dividends paid (3,328,000) (4,062,000)
Net Cash Used in Financing Activities (33,958,000) (8,742,000)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (2,524,000) 6,615,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 31,122,000 32,827,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 28,598,000 39,442,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Right-of-use assets recognized at adoption of ASU 2016-02 0 1,132,000
Leased assets obtained in exchange for new operating lease liabilities 0 346,000
Assets acquired through foreclosure of real estate loans 0 399,000
Interest paid 2,650,000 1,377,000
Income taxes paid $ 42,000 $ 50,000