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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 4,566 $ 2,490
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,609 1,455
Provision for loan and lease losses 2,714 2,622
Deferred income tax provision 1,134 1,488
Net gain on sale and prepayment of investment securities (92) (118)
Stock-based compensation expense 360 444
Net amortization of securities 562 804
Amortization of intangible assets 487 171
Net loss on premises and equipment and other real estate 485 472
Changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable 328 (224)
Increase in other assets (3,891) (1,653)
Increase in accrued interest expense 113 43
Increase in other liabilities 2,940 70
Net cash provided by operating activities 11,315 8,064
Cash flows from investing activities:    
Net (increase) decrease in federal funds sold (1,726) 6,646
Purchases of investment securities, available-for-sale (9,094) (19,676)
Proceeds from sales of investment securities, available-for-sale 14,271 4,221
Proceeds from maturities and prepayments of investment securities, available-for-sale 36,020 40,665
Proceeds from maturities and prepayments of investment securities, held-to-maturity 7,039 4,693
Net (increase) decrease in Federal Home Loan Bank stock (434) 1,471
Net cash paid for acquisition   (19,014)
Proceeds from the sale of premises and equipment and other real estate 1,259 3,104
Net increase in loans (34,430) (17,859)
Purchases of premises and equipment (3,184) (1,549)
Net cash provided by investing activities 9,721 2,702
Cash flows from financing activities:    
Net (decrease) increase in customer deposits (21,063) 47,271
Net increase (decrease) in short-term borrowings 9,498 (25,067)
Payments on long-term Federal Home Loan Bank advances   (10,000)
Treasury stock repurchases (1,478)  
Dividends paid (562) (495)
Net cash (used in) provided by financing activities (13,605) 11,709
Net increase in cash and cash equivalents 7,431 22,475
Cash and cash equivalents, beginning of period 49,599 27,124
Cash and cash equivalents, end of period $ 57,030 $ 49,599