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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,847 $ 9,604
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,003 1,352
Realized gains on available-for-sale debt securities, net (2) 0
Net amortization of securities 1,021 802
Increase in cash surrender value of life insurance (295) (202)
Depreciation and amortization of bank premises and equipment 1,081 897
Net accretion of purchase accounting adjustments (1,397) (578)
Stock-based compensation 625 424
Deferred income taxes (34) 396
(Increase) decrease in fair value of servicing rights (36) 396
Gains on sales of loans, net (1,989) (1,879)
Origination of loans held for sale (60,590) (60,830)
Proceeds from sales of loans held for sale 60,867 61,815
Decrease (increase) in accrued interest receivable and other assets 761 (9,085)
(Decrease) increase in accrued interest payable and other liabilities (1,396) 2,630
Other (55) 15
Net Cash Provided by Operating Activities 15,411 5,757
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of certificates of deposit (2,000) 0
Proceeds from maturities of certificates of deposit 0 250
Proceeds from sales of available-for-sale debt securities 421 6,722
Proceeds from calls and maturities of available-for-sale debt securities 33,117 43,718
Purchase of available-for-sale debt securities (80,249) (26,632)
Redemption of Federal Home Loan Bank of Pittsburgh stock 1,367 5,076
Purchase of Federal Home Loan Bank of Pittsburgh stock (997) (3,616)
Net decrease (increase) in loans 46,960 (58,591)
Proceeds from bank owned life insurance 287 0
Proceeds from sales of premises and equipment 575 0
Purchase of premises and equipment (741) (2,085)
Proceeds from sale of foreclosed assets 178 1,265
Other 115 116
Net Cash Used in Investing Activities (967) (33,777)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 96,914 128,464
Net decrease in short-term borrowings (17,832) (71,822)
Proceeds from long-term borrowings - FHLB advances 0 25,891
Repayments of long-term borrowings - FHLB advances (10,047) (5,114)
Proceeds from issuance of senior notes, net of issuance costs 14,663 0
Proceeds from issuance of subordinated debt, net of issuance costs 24,437 0
Redemption of subordinated debt (8,000) 0
Sale of treasury stock 77 124
Purchases of treasury stock (1,688) (163)
Common dividends paid (7,965) (6,670)
Net Cash Provided by Financing Activities 90,559 70,710
INCREASE IN CASH AND CASH EQUIVALENTS 105,003 42,690
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 96,017 31,122
CASH AND CASH EQUIVALENTS, END OF PERIOD 201,020 73,812
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Increase in accrued purchase of available-for-sale debt securities 32 0
Assets acquired through foreclosure of real estate loans 134 0
Interest paid 4,508 4,961
Income taxes paid $ 5,770 $ 42