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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net Income $ 5,247 $ 10,678
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,469 1,424
Amortization and accretion, net (1,148) (1,542)
Provision for loan losses 4,800 1,644
Deferred income tax benefit (1,129) (569)
Loans originated for sale (7,093) (8,560)
Proceeds from sale of loans 7,368 10,468
Gain on sales of loans originated for sale (118) (755)
Gain on sales of other real estate owned   (53)
Gains on sales of securities available for sale (40) (21)
Unrealized gain on equity investments (2) (265)
Gain on bulk sale of impaired loans held in portfolio   (107)
Stock-based compensation expense 559 397
Increase in interest receivable (8,251) (937)
Decrease (Increase) in other assets 512 (1,311)
(Decrease) Increase in accrued interest payable (216) 288
Increase in other liabilities 651 34
Net Cash Provided by Operating Activities 2,609 10,813
Cash flows from investing activities:    
Proceeds from repayments, calls, and maturities on securities available for sale 13,631 8,328
Purchases of securities (56,515) (1,153)
Proceeds from sales of other real estate owned   1,058
Proceeds from bulk sale of impaired loans held   402
Proceeds from sales of securities 564 2,057
Purchase of loans (48,360)  
Net increase in loans receivable (120,091) (22,312)
Additions to premises and equipment (202) (613)
Redemption (Purchase) of Federal Home Loan Bank of New York stock 292 (416)
Net Cash Used In Investing Activities (210,681) (12,649)
Cash flows from financing activities:    
Net increase in deposits 80,170 27,498
Proceeds from Federal Home Loan Bank of New York advances 27,000  
Repayments of Federal Home Loan Bank of New York advances (30,000)  
Purchases of treasury stock (4,870)  
Cash dividends paid on common stock (4,688) (4,326)
Cash dividends paid on preferred stock (682) (659)
Net proceeds from issuance of common stock 93 6,391
Net proceeds from issuance of preferred stock 3,080 5,310
Net payment on redemption of preferred stock (140)  
Exercise of stock options 5  
Net Cash Provided by Financing Activities 69,968 34,214
Net (Decrease) Increase in Cash and Cash Equivalents (138,104) 32,378
Cash and Cash Equivalents-Beginning 550,353 195,264
Cash and Cash Equivalents-Ending 412,249 227,642
Supplementary Cash Flow Information:    
Cash paid during the year for: Income taxes 2,964 6,342
Cash paid during the year for: Interest $ 20,072 19,165
Non-cash items:    
Transfer of loans to other real estate owned   $ 907