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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 13,598 $ 14,938
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,016 1,437
Net amortization of loans and investment securities 2,462 4,177
Amortization of subordinate debt issuance costs 38 35
Provision for credit losses 2,724 650
Change in fair value of equity securities (16) 69
Realized losses on sales of debt securities 1,119 91
Loans originated for sale (13,965) (51,285)
Proceeds from sale of loans 14,234 54,599
Gain on sale of loans held for sale (199) (770)
Increase in fair value of derivative (1) (18)
Increase in cash surrender value of life insurance (448) (436)
Stock option compensation 483 462
Increase in other assets (534) (795)
Increase in other liabilities 3,914 918
Deferred tax expense (benefit) 1,140 1,172
Net cash provided by operating activities 26,565 25,244
Cash flows from investing activities    
Net decrease (increase) in long-term interest-earning deposits in other banks 7,746 (3,483)
Proceeds from sales and calls of investment securities available for sale 40,113 19,629
Proceeds from maturities and pay-downs of securities available for sale 32,295 40,924
Purchase of investment securities available for sale (50,252) (87,212)
Net increase in restricted stock (1,731) (149)
Net increase in loans (205,939) (48,866)
Proceeds from loans held for sale previously classified as portfolio loans   (3,680)
Capital expenditures (499) (12,218)
Net cash used in investing activities (178,267) (95,055)
Cash flows from financing activities    
Net decrease in demand deposits, interest-bearing checking, and savings accounts (88,526) (16,048)
Net increase (decrease) in time deposits 75,056 (16,863)
Net increase in short-term borrowings 130,000  
Dividends paid (5,595) (5,658)
Purchase of Treasury shares (2,394) (3,334)
Cash received from option exercises 47 48
Treasury shares issued under dividend reinvestment plan 1,355 1,416
Net cash provided by (used in) financing activities 109,943 (40,439)
(Decrease) increase in cash and cash equivalents (41,759) (110,250)
Cash and cash equivalents as of January 1 64,899 175,149
Cash and cash equivalents as of December 31 23,140 64,899
Cash paid during the year for:    
Interest on deposits and other borrowed funds 19,460 4,754
Income taxes 1,344 88
Noncash Activities:    
Lease liabilities arising from obtaining right-of-use assets   1,867
Noncash extinguishment of lease liability 537  
Noncash decrease in right-of-use asset $ 507  
Transfers from portfolio loans to loans held for sale   $ 5,131