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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 19,222,000 $ 19,504,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,913,000 849,000
Loss on prepayment of borrowings 1,636,000 0
Realized gains on available-for-sale debt securities, net (169,000) (23,000)
Net amortization of securities 1,570,000 1,341,000
Increase in cash surrender value of life insurance (515,000) (402,000)
Depreciation and amortization of bank premises and equipment 1,981,000 1,749,000
Net accretion of purchase accounting adjustments (2,524,000) (375,000)
Stock-based compensation 1,050,000 798,000
Deferred income taxes (361,000) 172,000
Decrease in fair value of servicing rights 576,000 331,000
Gains on sales of loans, net (5,403,000) (924,000)
Origination of loans held for sale (158,909,000) (29,978,000)
Proceeds from sales of loans held for sale 163,149,000 30,144,000
(Increase) decrease in accrued interest receivable and other assets (2,645,000) 1,188,000
Increase (decrease) in accrued interest payable and other liabilities 2,473,000 (2,068,000)
Other (260,000) 155,000
Net Cash Provided by Operating Activities 24,784,000 22,461,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash and cash equivalents provided by (used in) business combination 75,955,000 (1,778,000)
Proceeds from maturities of certificates of deposit 740,000 580,000
Purchase of certificates of deposit (2,500,000) 0
Proceeds from sales of available-for-sale debt securities 28,941,000 96,148,000
Proceeds from calls and maturities of available-for-sale debt securities 94,486,000 81,204,000
Purchase of available-for-sale debt securities (105,354,000) (57,655,000)
Redemption of Federal Home Loan Bank of Pittsburgh stock 8,496,000 10,137,000
Purchase of Federal Home Loan Bank of Pittsburgh stock (5,146,000) (9,208,000)
Net decrease (increase) in loans 1,564,000 (96,628,000)
Proceeds from bank owned life insurance 0 796,000
Purchase of premises and equipment (3,137,000) (2,870,000)
Proceeds from sale of foreclosed assets 2,262,000 1,768,000
Other 273,000 174,000
Net Cash Provided by Investing Activities 96,580,000 22,668,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 86,941,000 (4,822,000)
Net decrease in short-term borrowings (99,969,000) (38,307,000)
Proceeds from long-term borrowings 25,891,000 48,500,000
Repayments of long-term borrowings and subordinated debt (54,831,000) (38,173,000)
Sale of treasury stock 131,000 198,000
Purchase of vested restricted stock for tax withholding (163,000) (189,000)
Common dividends paid (14,469,000) (14,041,000)
Net Cash Used in Financing Activities (56,469,000) (46,834,000)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 64,895,000 (1,705,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 31,122,000 32,827,000
CASH AND CASH EQUIVALENTS, END OF YEAR 96,017,000 31,122,000
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 167,000 745,000
Accrued purchase of available-for-sale securities 994,000 0
Accrued income from life insurance claim 279,000 0
Assets acquired through foreclosure of real estate loans 0 2,053,000
Interest paid 10,742,000 9,601,000
Income taxes paid $ 3,137,000 $ 3,234,000