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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 15,080,000 $ 14,215,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 5,450,000 1,250,000
Depreciation 1,322,000 1,005,000
Amortization of intangible assets 114,000 101,000
Deferred income taxes 850,000 988,000
Net amortization of securities premiums and discounts 1,246,000 1,448,000
Net realized gains on sales of securities (71,000) (254,000)
Earnings and proceeds on life insurance policies (845,000) (830,000)
Loss (gain) on sales of fixed assets and foreclosed real estate owned 128,000 (97,000)
Net gain on sale of loans (527,000) (169,000)
Mortgage loans originated for sale (12,312,000) (4,715,000)
Proceeds from sale of loans originated for sale 12,839,000 4,838,000
Compensation expense related to stock options 204,000 208,000
Compensation expense related to restricted stock 332,000 289,000
(Increase) decrease in accrued interest receivable (1,087,000) 57,000
(Decrease) increase in accrued interest payable (1,006,000) 626,000
Other, net (7,920,000) (522,000)
Net Cash Provided by Operating Activities 13,797,000 18,438,000
Securities available for sale:    
Proceeds from sales 24,497,000 27,247,000
Proceeds from maturities and principal reductions on mortgage-backed securities 58,876,000 33,656,000
Purchases (82,351,000) (21,543,000)
Purchase of regulatory stock (4,001,000) (6,595,000)
Redemption of regulatory stock 7,326,000 5,677,000
Net increase in loans (80,770,000) (77,401,000)
Purchase of premises and equipment (749,000) (1,623,000)
Proceeds from sales of foreclosed real estate owned 612,000 556,000
Proceeds from sales of bank premises and fixed assets 10,000 246,000
Acquisition, net of cash and cash equivalents acquired 15,193,000  
Net Cash Used for Investing Activities (61,357,000) (39,780,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 163,743,000 10,749,000
Net increase in short-term borrowings 1,047,000 9,210,000
Repayments of other borrowings (23,979,000) (26,846,000)
Proceeds from other borrowings 10,000,000 31,000,000
Stock options exercised 268,000 638,000
Sale of treasury stock for ESOP 130,000 127,000
Acquisition of treasury stock (108,000) (428,000)
Cash dividends paid (7,263,000) (6,041,000)
Net Cash Provided by Financing Activities 143,838,000 18,409,000
Net Increase (Decrease) in Cash and Cash Equivalents 96,278,000 (2,933,000)
CASH AND CASH EQUIVALENTS - BEGINNING 15,415,000 18,348,000
CASH AND CASH EQUIVALENTS - ENDING 111,693,000 15,415,000
Supplemental Disclosures of Cash Flow Information    
Interest paid 8,810,000 8,052,000
Income taxes paid, net of refunds 2,793,000 2,407,000
Supplemental Disclosures of Cash Flow Information    
Transfers of loans to foreclosed real estate owned and repossession of other assets 592,000 1,865,000
Dividends payable 2,139,000 $ 1,582,000
Merger with UpState New York Bancorp, Inc.    
Noncash assets acquired: Securities available-for-sale 13,948,000  
Noncash assets acquired: Regulatory stock 2,487,000  
Noncash assets acquired: Loans 413,535,000  
Noncash assets acquired: Premises and equipment, net 5,529,000  
Noncash assets acquired: Accrued interest receivable 1,426,000  
Noncash assets acquired: Deferred tax assets 1,495,000  
Noncash assets acquired: Other assets 376,000  
Total Noncash assets acquired 438,796,000  
Liabilities assumed:    
Time deposits 204,440,000  
Deposits other than time deposits 206,919,000  
Accrued interest payable 175,000  
Other liabilities 6,496,000  
Total Liabilities assumed 418,030,000  
Net Noncash Assets Acquired 20,766,000  
Cash Acquired $ 24,037,000