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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 174 $ 454
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion of premises and equipment 301 550
Provision for loan losses 407 204
Decrease in cash surrender value of bank owned life insurance (78) (81)
Decrease (increase) in ground rents 3 (3)
(Increase) decrease in accrued interest receivable (265) 206
Net decrease (increase) in other assets 206 (338)
Net increase in accrued expenses and other liabilities 704 177
Net cash provided by operating activities 1,452 1,169
Cash flows from investing activities:    
Redemptions and maturities of investment securities available for sale 8,230 25,125
Purchases of investment securities available for sale (19,900) (3,255)
Net sales of Federal Home Loan Bank stock 238 1,254
Net (increase) decrease in loans (305) 7,596
Purchases of premises and equipment (388) (137)
Net cash (used in) provided by investing activities (12,125) 30,583
Cash flows from financing activities:    
Net increase (decrease) in deposits 20,497 (2,275)
Increase (decrease) in short term borrowings 12,367 (35,000)
Cash dividends paid (566) (563)
Common stock dividends reinvested 64 70
Net cash provided by (used in) financing activities 32,362 (37,768)
Net increase in cash and cash equivalents 21,689 (6,016)
Cash and cash equivalents at beginning of year 13,290 15,954
Cash and cash equivalents at end of year 34,979 9,938
Supplemental Disclosures of Cash Flow Information:    
Interest paid on deposits and borrowings 890 1,048
Income taxes refunded (1,176)  
Income taxes paid   120
Net decrease in unrealized depreciation on available for sale securities 1,485 1,831
Net increase in unrealized appreciation on swaps $ (774) $ (619)