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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Operating activities          
Net income $ 8,979 $ 8,672      
Adjustments to reconcile net income to net cash provided by operating activities:          
Deferred income taxes, net 312 (1,209)      
Provision for credit losses 1,561 (855)      
Depreciation, amortization and accretion, net 912 1,062      
Share-based compensation 634 609      
Gain on disposal of lease equipment 1 0      
Amortization of tax credit investments 436   $ 0    
Bank-owned life insurance policy income (366) (349)      
Originations of loans for sale (27,639) (26,531)      
Sale of loans originated for sale 28,049 28,268      
Gain on sale of loans originated for sale (476) (585)      
Net loss on repossessed assets 6 12      
Return on investment in limited partnerships 1,690 147      
Excess tax benefit expense from share-based compensation 137 158      
Payments on operating lease liabilities (355) (363)      
Net increase in accrued interest receivable and other assets (5,738) 93      
Net increase (decrease) in accrued interest payable and other liabilities 1,766 (7,031)      
Net cash provided by operating activities 9,909 2,098      
Investing activities          
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities 4,574 9,131      
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities 1,169 2,470      
Purchases of available-for-sale securities (25,924) (39,760)      
Proceeds from sale of foreclosed properties 0 35      
Net increase in loans and leases (96,356) (11,653)      
Investments in limited partnerships (650) (362)      
Returns of investments in limited partnerships 4 0      
Investment in tax credit investments (3,090) (649)      
Investment in Federal Home Loan Bank stock (11,644) (5,661)      
Proceeds from the sale of Federal Home Loan Bank stock 16,369 6,134      
Purchases of leasehold improvements and equipment, net (798) (60)      
Purchases of bank-owned life insurance policies 0 (25)      
Proceeds from (Repurchase of) Trust Preferred Securities 0 315      
Net cash used in investing activities (116,346) (40,085)      
Financing activities          
Net increase in deposits 308,635 65,771      
Repayment of Federal Home Loan Bank advances (810,350) (464,200)      
Proceeds from Federal Home Loan Bank advances 701,470 456,800      
Proceeds from Issuance of Subordinated Long-term Debt 0 20,000      
Repayments of Other Long-term Debt 0 10,076      
Net (decrease) increase in long-term borrowed funds (6,069) (1,569)      
Cash dividends paid (1,906) (1,670)      
Preferred stock dividend (219) 0      
Proceeds from issuance of common stock under ESPP 27 40      
Proceeds from issuance of preferred stock 0 11,992   $ 12,000  
Purchase of treasury stock (1,860) (608)      
Net cash provided by financing activities 189,728 76,480      
Net increase in cash and cash equivalents 83,291 38,493      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 185,973 95,603   $ 102,682 $ 57,110
Cash paid during the period for:          
Interest paid on deposits and borrowings 13,010 3,164      
Income taxes paid $ (7) $ 17