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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 10,246 $ 8,285
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 669 1,187
Depreciation 2,318 1,748
Stock compensation 200 183
Gains on sales of other real estate owned (62) (269)
Write-downs of other real estate owned 1,140 656
Originations of loans held for sale (11,006) (10,028)
Proceeds from sale of loans held for sale 11,073 9,329
Gains from sale of loans held for sale (87) (74)
Losses on disposal of fixed assets 4  
Net (accretion)/amortization of investment securities discounts and premiums- AFS (5) 36
Net amortization of investment securities discounts and premiums- HTM 53 33
Gains on sales/calls of investment securities – available-for-sale (1) (116)
Earnings on bank owned life insurance (1,970) (872)
Amortization of deferred loan fees (611) (565)
Amortization of operating lease right-of-use asset 206  
Increase in accrued interest receivable and other assets (6,652) (3,251)
Increase in deferred tax benefit 1,481 223
Decrease in operating lease liability (213)  
(Decrease)/increase in accrued interest payable and other liabilities (691) 1,100
Net cash provided by operating activities 6,092 7,605
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 7,677 9,118
Proceeds from maturities/calls of investment securities held-to-maturity 5,560 4,760
Proceeds from sales of investment securities available-for-sale 12,046 2,005
Purchases of investment securities available-for-sale (14,744) (3,390)
Purchases of investment securities held-to-maturity (8,207) (4,887)
Proceeds from sales of other real estate owned 1,415 2,815
Proceeds from BOLI death benefit 2,125  
Net decrease/(increase) in FHLB stock 979 (190)
Net decrease/(increase) in loans 10,700 (46,415)
Purchases of loans   (25,168)
Purchases of premises and equipment (2,830) (7,761)
Net cash provided by/(used in) investing activities 14,721 (69,113)
Financing activities    
Net increase/(decrease) in deposits 69,260 (14,815)
Proceeds from sale of common stock 116 79
Cash dividends on common stock (2,199) (1,911)
Net (decrease)/increase in short-term borrowings (27,362) 37,960
Payments on long-term borrowings   (20,000)
Net cash provided by financing activities 39,815 1,313
Increase/(decrease) in cash and cash equivalents 60,628 (60,195)
Cash and cash equivalents at beginning of the year 23,541 83,752
Cash and cash equivalents at end of period 84,169 23,557
Supplemental information    
Interest paid 8,550 5,549
Taxes paid 891 445
Non-cash investing activities:    
Transfers from loans to other real estate owned 616 $ 543
Initial recognition of operating lease right-of-use assets 2,730  
Initial recognition of operating lease liabilities $ 3,317