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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,296 $ 14,384
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 460 1,199
Realized gains on available-for-sale debt securities, net (6) (1)
Net amortization of securities 1,038 1,394
Increase in cash surrender value of life insurance (290) (272)
Depreciation and amortization of bank premises and equipment 1,104 1,013
Net accretion of purchase accounting adjustments (158) (727)
Stock-based compensation 695 781
Deferred income taxes 153 461
Decrease (increase) in fair value of servicing rights 95 (152)
Gains on sales of loans, net (213) (602)
Origination of loans held for sale (6,552) (22,526)
Proceeds from sales of loans held for sale 6,768 22,122
Increase in accrued interest receivable and other assets (351) (2,151)
Increase (decrease) in accrued interest payable and other liabilities 2,291 (986)
Other 13 80
Net Cash Provided by Operating Activities 17,343 14,017
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of certificates of deposit 1,750 250
Proceeds from sales of available-for-sale debt securities 18,357 0
Proceeds from calls and maturities of available-for-sale debt securities 35,273 30,066
Purchase of available-for-sale debt securities (2,000) (92,661)
Redemption of Federal Home Loan Bank of Pittsburgh stock 12,975 4,763
Purchase of Federal Home Loan Bank of Pittsburgh stock (13,577) (8,893)
Net increase in loans (73,725) (92,292)
Purchase of premises and equipment (551) (2,161)
Proceeds from sale of foreclosed assets 0 290
Other 109 100
Net Cash Used in Investing Activities (21,389) (160,538)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 12,545 39,309
Net (decrease) increase in short-term borrowings (48,631) 88,239
Proceeds from long-term borrowings - FHLB advances 60,000 20,290
Repayments of long-term borrowings - FHLB advances (7,052) (11,405)
Redemption of subordinated debt 0 (8,500)
Sale of treasury stock 0 141
Purchases of treasury stock (6,500) (9,081)
Common dividends paid (7,852) (7,983)
Net Cash Provided by Financing Activities 2,510 111,010
DECREASE IN CASH AND CASH EQUIVALENTS (1,536) (35,511)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 47,698 95,848
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 46,162 $ 60,337