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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net Income $ 4,336 $ 4,853
Items not requiring (providing) cash    
Depreciation and amortization 935 867
Provision for loan losses 1,900 200
Expense of share-based compensation plan 235 253
Amortization of premiums and discounts on securities 214 137
Amortization of intangible assets 4 4
Amortization of originated mortgage servicing rights 2,171 714
Impairment of mortgage servicing rights 3,300 1,398
Proceeds from sale of loans held for sale 289,104 117,048
Originations of loans held for sale (287,931) (119,599)
Gain from sale of loans (10,279) (3,413)
Loss (gain) on sales of assets 126 7
Net gains on sales of securities (206)
Changes in    
Interest receivable (1,166) (387)
Other assets (7,387) (3,673)
Interest payable & other liabilities 4,100 2,578
Net cash provided (used) by operating activities (338) 781
Investing Activities    
Purchases of available-for-sale securities (61,893) (8,840)
Proceeds from maturities of interest bearing time deposits 1,000
Proceeds from maturities of available-for-sale securities 61,803 8,957
Proceeds from sales of available-for-sale securities 7,375
Net change in loans (60,482) (42,621)
Purchase of premises, equipment (591) (779)
Proceeds from sales of premises, equipment 7
Purchase of bank owned life insurance (50)
Purchase of Federal Reserve and Federal Home Loan Bank Stock (72) (525)
Proceeds from sale of foreclosed assets 182 69
Net cash and cash equivalents (paid) received in acquisition 16,237 (2,600)
Net cash used in investing activities (43,816) (39,007)
Financing Activities    
Net increase in demand deposits, money market, interest checking & savings accounts 109,786 4,222
Net increase in certificates of deposit (10,471) 32,600
Net increase (decrease) in short term borrowings 10,881 (1,216)
Proceeds from Federal Home Loan Bank advances 8,000
Repayment of Federal Home Loan Bank advances (3,000) (8,000)
Net proceeds from share-based compensation plans 188 30
Stock repurchase plan (3,119) (1,497)
Issuance of common shares 139
Dividends on common shares (1,514) (1,142)
Dividends on preferred shares (487)
Net cash provided by financing activities 102,751 32,649
Increase in cash and cash equivalents 58,597 (5,577)
Cash and cash equivalents, beginning of period 27,064 48,363
Cash and cash equivalents, end of period 85,661 42,786
Supplemental cash flow information    
Interest paid 4,081 4,198
Income taxes paid 3,280
Fair value of assets acquired - premises and equipment (Peak Title) 1,161
Supplemental non-cash disclosure    
Initial recognition of right-of-use lease assets 293
Transfer of loans to foreclosed assets 197 $ 477
In conjunction with the Edon acquisition, liabilities assumed were:    
Fair value of assets acquired 66,795  
Cash paid in acquisition (15,519)  
Liabilities assumed $ 51,276