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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 11,221 $ 15,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,049 925
Net amortization of loans and investment securities 3,207 503
Amortization of subordinate debt issuance costs 27 26
Provision for loan losses   (1,900)
Change in fair value of equity securities 46 (83)
Realized losses (gains) on sales of debt securities 34 (91)
Loans originated for sale (40,342) (81,204)
Proceeds from sale of loans 41,512 88,402
Gain on sale of loans held for sale (692) (1,866)
Increase in cash surrender value of life insurance (326) (336)
Decrease in fair value of derivative (17) (20)
Gains from surrender of life insurance policies   (147)
Stock option compensation 352 161
Decrease in other assets 1,679 4,184
Decrease in other liabilities (4) (647)
Net cash provided by operating activities 17,746 23,870
Cash flows from investing activities    
Net (Increase) decrease in long-term interest-bearing deposits in other banks (1,984) 1,999
Proceeds from sale of AFS securities 1,082 16,060
Proceeds from maturities and pay-downs of securities available for sale 31,013 27,057
Purchase of investment securities available for sale (66,499) (200,913)
Net increase in restricted stock (149) (27)
Net increase in loans (49,886) (6,240)
Proceeds from surrender of bank owned life insurance policy   685
Capital expenditures (11,007) (7,367)
Net cash used in investing activities (97,430) (168,746)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 135,019 195,443
Net decrease in time deposits (14,395) (5,721)
Dividends paid (4,254) (4,105)
Purchase of Treasury shares (2,664) (1,105)
Cash received from option exercises 43 100
Treasury shares issued under dividend reinvestment plan 942 2,011
Net cash provided by financing activities 114,691 186,623
Increase in cash and cash equivalents 35,007 41,747
Cash and cash equivalents at the beginning of the period 175,149 57,146
Cash and cash equivalents at the end of the period 210,156 98,893
Cash paid during the year for:    
Interest on deposits and other borrowed funds 2,208 2,268
Income taxes 58 $ 1,872
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets $ 1,867