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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 1,251 $ 2,239
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 806 796
Provision for loan and lease losses 1,430 1,115
Deferred income tax provision 366 624
Net gain on sale and prepayment of investment securities (326) (22)
Stock-based compensation expense 203 192
Net amortization of securities 170 306
Amortization of intangible assets 220 256
Net loss on premises and equipment and other real estate 288 245
Changes in assets and liabilities:    
(Increase) decrease in accrued interest receivable (652) 340
Decrease (increase) in other assets 28 (4,079)
(Decrease) increase in accrued interest expense (99) 102
(Decrease) increase in other liabilities (1,278) 3,192
Net cash provided by operating activities 2,407 5,306
Cash flows from investing activities:    
Net decrease (increase) in federal funds sold 10,000 (6,727)
Purchases of investment securities, available-for-sale (26,296) (2,784)
Proceeds from sale of investment securities, available-for-sale 12,203  
Proceeds from maturities and prepayments of investment securities, available-for-sale 15,513 19,787
Proceeds from maturities and prepayments of investment securities, held-to-maturity 5,005 2,733
Net decrease (increase) in Federal Home Loan Bank stock 2 (10)
Proceeds from the sale of premises and equipment and other real estate 646 768
Net (increase) decrease in loans (21,896) 1,455
Purchases of premises and equipment (461) (2,642)
Net cash (used in) provided by investing activities (5,284) 12,580
Cash flows from financing activities:    
Net increase (decrease) in deposits 54,628 (21,919)
Net increase (decrease) in short-term borrowings 309 (454)
Treasury stock repurchases (452)  
Dividends paid (370) (253)
Net cash provided by (used in) financing activities 54,115 (22,626)
Net increase (decrease) in cash and cash equivalents 51,238 (4,740)
Cash and cash equivalents, beginning of period 57,030 49,599
Cash and cash equivalents, end of period 108,268 44,859
Supplemental disclosures:    
Interest 2,767 3,228
Income taxes 185 151
Non-cash transactions:    
Assets acquired in settlement of loans 854 782
Reissuance of treasury stock as compensation $ 444 $ 42