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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,325 $ 8,318
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of (increase in) right-of-use assets 369 351
Amortization of intangible assets 190 251
Provision for loan losses (409) 3,310
(Gains) on disposal of fixed assets (20) 0
Depreciation and amortization of fixed assets 1,307 1,509
Amortization of premiums on securities, net 2,672 530
Gain on sales of loans held for sale, net (642) (363)
Proceeds from sales of loans held for sale 20,120 3,377
Loans originated and held for sale (19,308) (3,320)
Net losses on sale of other real estate owned 18 77
Write-downs on other real estate owned 0 8
Net change in fair value of equity investments (188) 90
Proceeds from sales of trading assets 41 0
Purchase of equity investments (167) (85)
Decrease (Increase) in other assets and accrued interest receivable 1,375 (9,831)
Increase (decrease) in accrued interest payable 7 (45)
Expense related to restricted stock units for directors' deferred compensation plan 9 20
Expense related to employee stock compensation 132 100
Expense related to employee restricted stock awards 223 306
Increases in (payments on) operating leases 145 (332)
(Decrease) increase in other liabilities (1,761) 10,190
Income from bank owned life insurance (27) (133)
Net cash provided by operating activities 17,411 14,328
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, calls, and principal paydowns on securities available for sale 72,057 21,215
Proceeds from maturities and principal collected on securities held to maturity 520 516
Purchases of securities available for sale (216,069) (44,105)
Purchases of securities held to maturity (1,042) (998)
Purchase of FHLBNY and FRBNY stock (412) (51)
Purchases of premises and equipment (262) (487)
Proceeds from sale of other real estate owned 128 230
Proceeds from bank owned life insurance 286 213
Net (increase) in loans (21,407) (191,528)
Net cash used in investing activities (166,201) (214,995)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 144,861 229,584
(Decrease) increase in time deposits (44,448) 9,534
Payments made on finance leases (125) (116)
Purchase of treasury stock (1,046) (3,321)
Sale of treasury stock 232 774
Cash dividends paid (2,425) (2,530)
Net cash provided by financing activities 97,049 233,925
Net (decrease) increase in cash and cash equivalents (51,741) 33,258
Cash and cash equivalents, beginning of period 108,538 121,904
Cash and cash equivalents, end of period 56,797 155,162
Cash paid for:    
Interest 1,813 2,248
Income taxes 2,900 1,285
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 32 91
Dividends declared, not yet paid 1,447 1,247
Repurchase of common stock in lieu of employee payroll taxes 80 54
Operating lease right-of-use assets (498) 0
Distribution of treasury stock for directors' compensation 317 350
Distribution of treasury stock for deferred directors' compensation 3 (12)
Forfeiture of shares of restricted stock awards $ 0 $ (5)