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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 3,357 $ 1,013
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,205 1,078
Provision for loan and lease losses 1,998 2,149
Deferred income tax provision 738 821
Net gain on sale and prepayment of investment securities (67) (105)
Stock-based compensation expense 276 333
Net amortization of securities 452 618
Amortization of intangible assets 378 43
Net loss on premises and equipment and other real estate 392 330
Changes in assets and liabilities:    
Decrease in accrued interest receivable 468 148
Increase in other assets (3,218) (900)
Increase (decrease) in accrued interest expense 124 (26)
Increase in other liabilities 2,474 2,061
Net cash provided by operating activities 8,577 7,563
Cash flows from investing activities:    
Net (increase) decrease in federal funds sold (1,726) 6,439
Purchases of investment securities, available-for-sale (2,784) (15,224)
Proceeds from sales of investment securities, available-for-sale 12,668 4,221
Proceeds from maturities and prepayments of investment securities, available-for-sale 28,568 30,909
Proceeds from maturities and prepayments of investment securities, held-to-maturity 3,640 3,950
Net (increase) decrease in Federal Home Loan Bank stock (10) 1,471
Net cash paid for acquisition   (19,014)
Proceeds from the sale of premises and equipment and other real estate 1,026 2,883
Net increase in loans (32,698) (22,122)
Purchases of premises and equipment (2,856) (653)
Net cash provided by (used in) investing activities 5,828 (7,140)
Cash flows from financing activities:    
Net increase (decrease) in deposits (27,085) 58,307
Net decrease in short-term borrowings (306) (25,402)
Payments on long-term Federal Home Loan Bank advances   (10,000)
Treasury stock repurchases (801)  
Dividends paid (377) (369)
Net cash provided by (used in) financing activities (28,569) 22,536
Net increase (decrease) in cash and cash equivalents (14,164) 22,959
Cash and cash equivalents, beginning of period 49,599 27,124
Cash and cash equivalents, end of period 35,435 50,083
Supplemental disclosures:    
Interest 3,206 2,843
Income taxes 188 137
Non-cash transactions:    
Assets acquired in settlement of loans 1,048 $ 649
Reissuance of treasury stock as compensation $ 42