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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 1,903 $ 1,251
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 878 806
Provision for loan and lease losses 899 1,430
Deferred income tax provision 111 366
Net gain on sale and prepayment of investment securities (22) (326)
Stock-based compensation expense 213 203
Net amortization of securities 152 170
Amortization of intangible assets 183 220
Net loss on premises and equipment and other real estate 15 288
Changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable 228 (652)
Decrease in other assets 1,020 28
Decrease in accrued interest expense (69) (99)
Decrease in other liabilities (317) (1,278)
Net cash provided by operating activities 5,194 2,407
Cash flows from investing activities:    
Net decrease in federal funds sold 2 10,000
Purchases of investment securities, available-for-sale (59,962) (26,296)
Proceeds from sale of investment securities, available-for-sale   12,203
Proceeds from maturities and prepayments of investment securities, available-for-sale 25,952 15,513
Proceeds from maturities and prepayments of investment securities, held-to-maturity 1,559 5,005
Net decrease in Federal Home Loan Bank stock 265 2
Proceeds from the sale of premises and equipment and other real estate 747 646
Net increase in loans (41,103) (21,896)
Purchases of premises and equipment (539) (461)
Net cash used in investing activities (73,079) (5,284)
Cash flows from financing activities:    
Net increase in deposits 55,673 54,628
Net increase in short-term borrowings   309
Net share-based compensation transactions (7)  
Treasury stock repurchases   (452)
Dividends paid (373) (370)
Net cash provided by financing activities 55,293 54,115
Net increase (decrease) in cash and cash equivalents (12,592) 51,238
Cash and cash equivalents, beginning of period 94,415 57,030
Cash and cash equivalents, end of period 81,823 108,268
Supplemental disclosures:    
Interest 1,597 2,767
Income taxes 578 185
Non-cash transactions:    
Assets acquired in settlement of loans 515 854
Reissuance of treasury stock as compensation $ 18 $ 444