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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 14,938 $ 19,616
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,437 1,202
Net amortization of loans and investment securities 4,177 1,137
Amortization of subordinate debt issuance costs 35 33
Provision for loan losses 650 (2,100)
Change in fair value of equity securities 69 (90)
Realized losses (gains) on sales of debt securities 91 (127)
Loans originated for sale (51,285) (107,749)
Proceeds from sale of loans 54,599 116,798
Gain on sale of loans held for sale (770) (2,430)
Net gain on sale or disposal of premise and equipment   (1,726)
Increase in fair value of derivative (18) (19)
Increase in cash surrender value of life insurance (436) (446)
Gains from surrender of life insurance policies   (295)
Stock option compensation 462 204
(Increase) decrease in other assets (795) 1,646
Increase in other liabilities 918 605
Deferred tax expense 1,172 90
Net cash provided by operating activities 25,244 26,349
Cash flows from investing activities    
Net (increase) decrease in long-term interest-earning deposits in other banks (3,483) 2,249
Proceeds from sales and calls of investment securities available for sale 19,629 36,666
Proceeds from maturities and pay-downs of securities available for sale 40,924 34,587
Purchase of investment securities available for sale (87,212) (215,595)
Net increase in restricted stock (149) (27)
Net (increase) decrease in loans (48,866) 12,547
Proceeds from loans held for sale previously classified as portfolio loans (3,680)  
Proceeds from surrender of life insurance policy   1,142
Proceeds from sale of bank owned assets   3,300
Capital expenditures (12,218) (8,807)
Net cash used in investing activities (95,055) (133,938)
Cash flows from financing activities    
Net (decrease) increase in demand deposits, interest-bearing checking, and savings accounts (16,048) 231,698
Net decrease in time deposits (16,863) (1,912)
Dividends paid (5,658) (5,524)
Purchase of Treasury shares (3,334) (1,193)
Cash received from option exercises 48 135
Treasury shares issued under dividend reinvestment plan 1,416 2,388
Net cash (used in) provided by financing activities (40,439) 225,592
(Decrease) increase in cash and cash equivalents (110,250) 118,003
Cash and cash equivalents as of January 1 175,149 57,146
Cash and cash equivalents as of December 31 64,899 175,149
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 4,754 2,999
Cash paid during the year for: Income taxes 88 $ 3,049
Noncash Activities:    
Lease liabilities arising from obtaining right-of-use assets 1,867  
Transfers from portfolio loans to loans held for sale $ 5,131