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Consolidated Statements Of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 8,248,000 $ 11,720,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 998,000 1,030,000
Net amortization of loans and investment securities 1,620,000 922,000
Provision for (recovery of) loan losses 5,350,000 237,000
Decrease (increase) in fair value of equity securities 139,000 (10,000)
Debt securities losses (gains), net 26,000 (256,000)
Loans originated for sale (66,296,000) (32,220,000)
Proceeds from sale of loans 58,838,000 30,409,000
Write-down of other real estate owned   6,000
Gain on sale of other real estate owned   (9,000)
Increase in cash surrender value of life insurance (346,000) (383,000)
Gains from claim on life insurance policies (812,000)  
Net operating loss (1,112,000)  
Stock option compensation 141,000  
(Increase) decrease in other assets (3,602,000) 1,538,000
(Decrease) increase in other liabilities (817,000) 1,582,000
Net cash provided by operating activities 2,375,000 14,566,000
Cash flows from investing activities    
Net increase in long-term interest-bearing deposits in other banks (5,489,000) (9,496,000)
Proceeds from sales and calls of investment securities available for sale 1,390,000 18,781,000
Proceeds from maturities and pay-downs of securities available for sale 31,450,000 25,233,000
Purchase of investment securities available for sale (183,927,000) (57,669,000)
Net increase in restricted stock (3,000) (13,000)
Net (increase) decrease in loans (88,838,000) 35,700,000
Proceeds from the sale of other real estate owned   74,000
Proceeds from surrender of life insurance policy 3,623,000  
Capital expenditures (451,000) (610,000)
Net cash (used in) provided by investing activities (242,245,000) 12,000,000
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 221,388,000 49,392,000
Net (decrease) increase in time deposits (10,031,000) 27,580,000
Proceeds from subordinated notes, net of issuance costs 19,541,000  
Dividends paid (3,914,000) (3,811,000)
Purchase of Treasury shares (1,172,000) (3,843,000)
Cash received from option exercises 28,000 236,000
Treasury shares issued under dividend reinvestment plan 1,362,000 1,057,000
Net cash provided by financing activities 227,202,000 70,611,000
Decrease in cash and cash equivalents (12,668,000) 97,177,000
Cash and cash equivalents at the beginning of the period 83,828,000 52,957,000
Cash and cash equivalents at the end of the period 71,160,000 150,134,000
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 3,158,000 5,181,000
Cash paid during the year for: Income taxes 1,548,000 80,000
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets $ 105,000 $ 22,000