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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 6,530 $ 2,491
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of (increase in) right-of-use assets (190) 175
Amortization of intangible assets 101 132
Provision for loan losses (259) 3,050
Depreciation and amortization of fixed assets 666 757
Amortization of premiums on securities, net 1,274 237
Gain on sales of loans held for sale, net (300) (75)
Proceeds from sales of loans held for sale 6,941 3,089
Loans originated and held for sale (6,766) (2,630)
Net losses on sale of other real estate owned 18 29
Write-downs on other real estate owned 0 8
Net change in fair value of equity investments (86) 246
Purchase of equity investments (90) (71)
Decrease (Increase) in other assets and accrued interest receivable 894 (9,322)
Increase (decrease) in accrued interest payable 28 (6)
Expense related to restricted stock units for directors' deferred compensation plan 5 11
Expense related to employee stock compensation 132 101
Expense related to employee restricted stock awards 136 125
Increases in (payments on) operating leases 198 (165)
(Decrease) increase in other liabilities (1,012) 8,231
Income from bank owned life insurance (15) (119)
Net cash provided by operating activities 8,205 6,294
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, calls, and principal paydowns on securities available for sale 39,219 8,882
Proceeds from maturities and principal collected on securities held to maturity 11 114
Purchases of securities available for sale (125,706) (16,458)
Purchase of FHLBNY and FRBNY stock (14) 0
Purchases of premises and equipment (88) (121)
Proceeds from sale of other real estate owned 128 101
Proceeds from bank owned life insurance 287 213
Net (increase) decrease in loans (44,242) (11,537)
Net cash used in investing activities (130,405) (18,806)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 159,586 30,880
Increase in time deposits 13,021 5,086
Payments made on finance leases (61) (57)
Purchase of treasury stock (801) 0
Sale of treasury stock 130 420
Cash dividends paid (1,214) (1,263)
Net cash provided by financing activities 170,661 35,066
Net increase in cash and cash equivalents 48,461 22,554
Cash and cash equivalents, beginning of period 108,538 121,904
Cash and cash equivalents, end of period 156,999 144,458
Cash paid for:    
Interest 926 1,328
Income taxes 550 0
Supplemental disclosure of non-cash activity:    
Dividends declared, not yet paid 1,211 1,266
Repurchase of common stock in lieu of employee payroll taxes 80 37
Distribution of treasury stock for directors' compensation $ 317 $ 350