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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Apr. 17, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 9,869 $ 9,251  
Adjustments to reconcile net income to net Cash (used in) provided by operating activities:      
Provision for loan losses 950 750  
Depreciation and amortization (1,264) 267  
Amortization and accretion of investment securities 277 294  
Deferred income taxes 173 660  
Equity security gains (losses), net 243 (41)  
Available for sale security gains, net (117) 0  
Earnings on bank owned life insurance (334) (305)  
Originations of loans held for sale (31,889) (7,628)  
Proceeds from sales of loans held for sale 15,542 8,077  
Realized gains on loans sold (427) (163)  
Increase in accrued interest receivable (809) (160)  
Increase (decrease) in accrued interest payable (364) (28)  
Other, net 2,444 (656)  
Net cash (used in) provided by operating activities (5,706) 10,318  
Available-for-sale securities:      
Proceeds from sales 5,476 0  
Proceeds from maturity and principal repayments 44,204 30,767  
Purchase of securities (76,877) (23,907)  
Purchase of equity securities (245) 0  
Purchase of interest bearing time deposits with other banks (350) 0  
Proceeds from matured interest bearing time deposits with other banks 350 0  
Proceeds from redemption of regulatory stock 6,383 5,215  
Purchase of regulatory stock (3,923) (5,472)  
Net increase in loans (22,949) (21,456)  
Purchase of premises and equipment (561) (165)  
Proceeds from sale of premises and equipment 0 7  
Proceeds from sale of foreclosed assets held for sale 466 452  
Acquisition, net of cash paid 1,023 0  
Net cash used in investing activities (47,003) (14,559)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 93,339 (1,498)  
Proceeds from long-term borrowings 5,000 5,000  
Repayments of long-term borrowings (3,000) (3,123)  
Net (decrease) increase in short-term borrowed funds (17,423) 7,913  
Purchase of treasury and restricted stock (1,502) (1,236)  
Dividends paid (3,195) (3,143)  
Net cash provided by financing activities 73,219 3,913  
Net increase (decrease) in cash and cash equivalents 20,510 (328)  
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,520 16,797  
CASH AND CASH EQUIVALENTS AT END OF PERIOD 39,030 16,469  
Supplemental Disclosures of Cash Flow Information:      
Interest paid 4,523 6,295  
Income taxes paid 0 1,850  
Loans transferred to foreclosed property 0 3,747  
Right of use asset and liability 0 1,454  
Stock Dividend 1,916 $ 2,102  
Non-cash assets acquired      
Goodwill [1] $ 31,376    
MidCoast Community Bancorp, Inc [Member]      
Non-cash assets acquired      
Available-for-sale securities     $ 0
Loans     223,235
Premises and equipment     1,787
Accrued interest receivable     586
Bank owned life insurance     3,766
Intangibles     157
Deferred tax asset     3,402
Other assets     2,878
Goodwill     8,080
Total Non-cash assets acquired     243,891
Liabilities assumed      
Noninterest-bearing deposits     38,694
Interest-bearing deposits     170,132
Accrued interest payable     164
Borrowed funds     15,497
Other liabilities     1,198
Total liabilities assumed     225,685
Net non-cash liabilities acquired     18,206
Cash and cash equivalents acquired     $ 8,637
[1] Excludes fully amortized intangible assets