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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 14,029 $ 11,405
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of right-of-use assets 527 541
Amortization of intangible assets 371 465
Provision for loan losses 3,989 5,684
Loss on disposal of fixed assets 7 35
Depreciation and amortization of fixed assets 2,215 2,375
Amortization of premiums on securities, net 1,003 784
Gain on sales of loans held for sale, net (916) (146)
Proceeds from sales of loans held for sale 17,216 7,293
Loans originated and held for sale (17,174) (7,958)
Net losses on sale of other real estate owned 71 87
Write-downs on other real estate owned 38 53
Net change in fair value of equity investments 33 (106)
Net (gains) on securities transactions 0 (19)
Proceeds from sales of trading assets 24 22
Purchase of equity investments (174) (72)
Increase in other assets and accrued interest receivable (10,264) (2,233)
(Decrease) increase in accrued interest payable (38) 94
Expense related to restricted stock units for directors' deferred compensation plan 25 31
Expense related to employee stock compensation 102 100
Expense related to employee restricted stock awards 431 296
Payments on operating leases (500) (467)
Increase in other liabilities 9,119 3,592
Income from bank owned life insurance (147) (48)
Net cash provided by operating activities 19,987 21,808
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 0 15,200
Proceeds from maturities, calls, and principal paydowns on securities available for sale 39,508 37,152
Proceeds from maturities and principal collected on securities held to maturity 1,349 2,498
Purchases of securities available for sale (142,797) (67,522)
Purchases of securities held to maturity (1,286) (1,043)
Purchase of FHLBNY and FRBNY stock (51) (6)
Redemption of FHLBNY and FRBNY stock 0 53
Purchases of premises and equipment (696) (392)
Proceeds from sale of other real estate owned 253 376
Proceeds from bank owned life insurance 213 0
Net (increase) decrease in loans (232,582) 4,411
Net cash used in investing activities (336,089) (9,273)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 307,723 (12,330)
Increase in time deposits 44,327 19,599
Proceeds from FHLB overnight advances 245 0
Finance Lease, Principal Payments (175) (164)
Purchase of treasury stock (5,137) 0
Sale of treasury stock 894 455
Cash dividends paid (3,777) (3,769)
Net cash provided by financing activities 344,100 3,791
Net increase in cash and cash equivalents 27,998 16,326
Cash and cash equivalents, beginning of period 121,904 129,972
Cash and cash equivalents, end of period 149,902 146,298
Cash paid for:    
Interest 3,086 4,651
Income taxes 3,785 3,225
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 431 152
Dividends declared, not yet paid 1,229 1,260
Repurchase of common stock in lieu of employee payroll taxes 54 (13)
Distribution of treasury stock for directors' compensation 350 357
Distribution of treasury stock for deferred directors' compensation (12) 13
Forfeiture of shares of restricted stock awards $ (5) $ 0