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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 1,662 $ 3,357
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,240 1,205
Provision for loan and lease losses 2,476 1,998
Deferred income tax provision 456 738
Net gain on sale and prepayment of investment securities (326) (67)
Stock-based compensation expense 315 276
Net amortization of securities 322 452
Amortization of intangible assets 323 378
Net loss on premises and equipment, other real estate and other assets 131 392
Changes in assets and liabilities:    
(Increase) decrease in accrued interest receivable (395) 468
Increase in other assets (896) (3,218)
(Decrease) increase in accrued interest expense (172) 124
(Decrease) increase in other liabilities (1,108) 2,474
Net cash provided by operating activities 4,028 8,577
Cash flows from investing activities:    
Net decrease (increase) in federal funds sold 9,994 (1,726)
Purchases of investment securities, available-for-sale (26,332) (2,784)
Proceeds from sale of investment securities, available-for-sale 12,203 12,668
Proceeds from maturities and prepayments of investment securities, available-for-sale 24,388 28,568
Proceeds from maturities and prepayments of investment securities, held-to-maturity 6,565 3,640
Net decrease (increase) in Federal Home Loan Bank stock 2 (10)
Proceeds from the sale of premises and equipment, other real estate and other assets 2,344 1,026
Net increase in loans (84,647) (32,698)
Purchases of premises and equipment (619) (2,856)
Net cash (used in) provided by investing activities (56,102) 5,828
Cash flows from financing activities:    
Net increase (decrease) in deposits 61,674 (27,085)
Net increase (decrease) in short-term borrowings 20 (306)
Treasury stock repurchases (452) (801)
Dividends paid (555) (377)
Net cash provided by (used in) financing activities 60,687 (28,569)
Net increase (decrease) in cash and cash equivalents 8,613 (14,164)
Cash and cash equivalents, beginning of period 57,030 49,599
Cash and cash equivalents, end of period 65,643 35,435
Supplemental disclosures:    
Interest 3,871 4,886
Income taxes 186 188
Non-cash transactions:    
Assets acquired in settlement of loans 1,039 1,048
Reissuance of treasury stock as compensation $ 449 $ 42