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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 6,590 $ 10,101
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 544 647
Net amortization of loans and investment securities 2,121 497
Amortization of subordinate debt issuance costs 17 16
Provision (credit) for loan losses   (1,900)
Change in fair value of equity securities (15) (91)
Realized losses (gains) on sales of debt securities 19 (91)
Loans originated for sale (28,850) (57,028)
Proceeds from sale of loans 30,132 62,274
Gain on sale of loans held for sale (509) (1,337)
Increase in cash surrender value of life insurance (217) (227)
(Decrease) increase in fair value of derivative (13) 16
Stock option compensation 221 115
Decrease (increase) in other assets 606 (1,721)
(Decrease) increase in other liabilities (1,360) 816
Net cash provided by operating activities 9,286 12,087
Cash flows from investing activities    
Net (Increase) decrease in long-term interest-bearing deposits in other banks (1,984) 2,249
Proceeds from sale of AFS securities 82 16,060
Proceeds from maturities and pay-downs of securities available for sale 20,600 17,744
Purchase of investment securities available for sale (51,496) (153,392)
Net increase in restricted stock (149) (27)
Net (increase) decrease in loans (35,827) 11,741
Capital expenditures (8,584) (222)
Net cash used in investing activities (77,358) (105,847)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 106,000 142,983
Net decrease in time deposits (11,172) (6,348)
Dividends paid (2,848) (2,691)
Purchase of Treasury shares (1,461) (719)
Cash received from option exercises 24 96
Treasury shares issued under dividend reinvestment plan 649 1,424
Net cash provided by financing activities 91,192 134,745
Increase in cash and cash equivalents 23,120 40,985
Cash and cash equivalents at the beginning of the period 175,149 57,146
Cash and cash equivalents at the end of the period 198,269 98,131
Cash paid during the year for:    
Interest on deposits and other borrowed funds 1,503 1,554
Income taxes 43 $ 1,458
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets $ 426