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Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 10,101,000 $ 4,786,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 647,000 663,000
Net amortization of loans and investment securities 497,000 867,000
Amortization of subordinate debt issuance costs 526,000  
(Recovery of) provision for loan losses (1,900,000) 4,975,000
(Increase) decrease in fair value of equity securities (91,000) 100,000
Debt securities (gains) losses, net (91,000) 10,000
Loans originated for sale (57,028,000) (28,817,000)
Proceeds from sale of loans 62,274,000 25,974,000
Gain on sale of loans (1,337,000) (372,000)
Increase in cash surrender value of life insurance (227,000) (236,000)
Decrease (increase) in fair value of derivative 16,000 (36,000)
Gain from surrender of life insurance policy   (812,000)
Income tax benefit of statutory treatment of net operating loss carryback   (1,112,000)
Stock option compensation 115,000 86,000
Increase in other assets (2,231,000) (2,459,000)
Increae (decrease) in other liabilities 816,000 (1,045,000)
Net cash provided by operating activities 12,087,000 2,572,000
Cash flows from investing activities    
Net decrease (increase) in long-term interest-bearing deposits in other banks 2,249,000 (5,239,000)
Proceeds from sales and calls of investment securities available for sale 16,060,000 165,000
Proceeds from maturities and pay-downs of securities available for sale 17,744,000 21,049,000
Purchase of investment securities available for sale (153,392,000) (114,107,000)
Net increase in restricted stock (27,000) (3,000)
Net decrease (increase) in loans 11,741,000 (78,056,000)
Proceeds from surrender of bank owned life insurance policy   3,623,000
Capital expenditures (222,000) (373,000)
Net cash used in investing activities (105,847,000) (172,941,000)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 142,983,000 157,599,000
Net decrease in time deposits (6,348,000) (9,638,000)
Dividends paid (2,691,000) (2,608,000)
Purchase of Treasury shares (719,000) (1,172,000)
Cash received from option exercises 96,000 19,000
Treasury shares issued under dividend reinvestment plan 1,424,000 940,000
Net cash provided by financing activities 134,745,000 145,140,000
Increase (decrease) in cash and cash equivalents 40,985,000 (25,229,000)
Cash and cash equivalents at the beginning of the period 57,146,000 83,828,000
Cash and cash equivalents at the end of the period 98,131,000 58,599,000
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 1,554,000 2,424,000
Cash paid during the year for: Income taxes $ 1,458,000 567,000
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets   $ 105,000