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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,037 $ 13,550
Adjustments to reconcile net income to net cash provided by operating activities:    
(Increases in) Amortization of right-of-use assets (179) 399
Provision (credit) for credit losses (1,161) 513
(Gains) Loss on disposal of fixed assets (40) 3
Depreciation and amortization of fixed assets 936 1,060
Amortization of premiums on securities, net 1,114 1,270
Gain on sales of loans held for sale, net (71) (23)
Proceeds from sales of loans held for sale 3,866 1,318
Loans originated and held for sale (4,176) (2,080)
Net losses (gains) on sale of other real estate owned 3 (14)
Fair value adjustment on other real estate owned 0 (3)
Net change in fair value of equity investments (115) 31
Proceeds from sales of equity investments 134 39
Purchase of equity investments (63) (81)
(Increase) Decrease in other assets and accrued interest receivable (938) 1,317
Increase in accrued interest payable 2,718 1,964
Expense related to restricted stock units for directors' deferred compensation plan 10 10
Expense related to employee restricted stock awards 613 548
Increases in (payments on) operating lease liabilities 182 (392)
Net (gain) loss on interest rate swaps (31) (55)
Decrease in other liabilities (398) (1,488)
Income from bank owned life insurance (19) (21)
Net cash provided by operating activities 14,422 17,865
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, calls, and principal paydowns on securities available for sale 26,657 30,883
Proceeds from maturities and principal collected on securities held to maturity 128 619
Purchases of securities available for sale 0 (3,207)
Purchase of FHLBNY and FRBNY stock (18,165) (29,969)
Redemption of FHLBNY and FRBNY stock 18,157 31,838
Proceeds from sales of fixed assets 44 0
Purchases of premises and equipment (1,100) (446)
Proceeds from sale of other real estate owned 185 154
Net increase in loans (39,540) (64,566)
Net cash used in investing activities (13,634) (34,694)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand, interest-bearing demand, savings, and insured money market deposits (7,941) (80,135)
Net (decrease) increase in time deposits (5,565) 143,102
Net change in FHLBNY and FRBNY advances 48,080 (45,050)
Increases in (payments on) finance leases 785 (138)
Purchase of treasury stock (82) (98)
Sale of treasury stock 247 419
Cash dividends paid (2,942) (2,914)
Net cash provided by financing activities 32,582 15,186
Net increase (decrease) in cash and cash equivalents 33,370 (1,643)
Cash and cash equivalents, beginning of period 36,847 55,869
Cash and cash equivalents, end of period 70,217 54,226
Cash paid for:    
Interest 24,037 13,520
Income taxes 3,284 4,056
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 407 108
Dividends declared, not yet paid $ 1,473 $ 1,462