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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 14,384 $ 15,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,199 1,003
Realized gains on available-for-sale debt securities, net (1) (2)
Net amortization of securities 1,394 1,021
Increase in cash surrender value of life insurance (272) (295)
Depreciation and amortization of bank premises and equipment 1,013 1,081
Net accretion of purchase accounting adjustments (727) (1,397)
Stock-based compensation 781 625
Deferred income taxes 461 (34)
Increase in fair value of servicing rights (152) (36)
Gains on sales of loans, net (602) (1,989)
Origination of loans held for sale (22,526) (60,590)
Proceeds from sales of loans held for sale 22,122 60,867
(Increase) decrease in accrued interest receivable and other assets (2,151) 761
Decrease in accrued interest payable and other liabilities (986) (1,396)
Other 80 (55)
Net Cash Provided by Operating Activities 14,017 15,411
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of certificates of deposit 0 (2,000)
Proceeds from maturities of certificates of deposit 250 0
Proceeds from sales of available-for-sale debt securities 0 421
Proceeds from calls and maturities of available-for-sale debt securities 30,066 33,117
Purchase of available-for-sale debt securities (92,661) (80,249)
Redemption of Federal Home Loan Bank of Pittsburgh stock 4,763 1,367
Purchase of Federal Home Loan Bank of Pittsburgh stock (8,893) (997)
Net (increase) decrease in loans (92,292) 46,960
Proceeds from bank owned life insurance 0 287
Proceeds from sales of premises and equipment 0 575
Purchase of premises and equipment (2,161) (741)
Proceeds from sale of foreclosed assets 290 178
Other 100 115
Net Cash Used in Investing Activities (160,538) (967)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 39,309 96,914
Net increase (decrease) in short-term borrowings 88,239 (17,832)
Proceeds from long-term borrowings - FHLB advances 20,290 0
Repayments of long-term borrowings - FHLB advances (11,405) (10,047)
Proceeds from issuance of senior notes, net of issuance costs 0 14,663
Proceeds from issuance of subordinated debt, net of issuance costs 0 24,437
Redemption of subordinated debt (8,500) (8,000)
Sale of treasury stock 141 77
Purchases of treasury stock (9,081) (1,688)
Common dividends paid (7,983) (7,965)
Net Cash Provided by Financing Activities 111,010 90,559
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (35,511) 105,003
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 95,848 96,017
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 60,337 $ 201,020