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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net income $ 4,643 $ 7,242
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 492 491
Amortization of other assets 435 327
Origination of loans held for sale (11,490) (8,698)
Proceeds from sale of loans held for sale 8,409 9,437
Net (gains) on sales of loans (648) (976)
Provision for credit losses 1,067 900
(Gain) on other real estate owned (7) 0
(Gain) loss on the sale and disposal of premises and equipment (7) 11
Amortization of subordinated debt issuance costs 34 17
Stock-based compensation expense 640 417
Premium amortization on securities, net 185 332
Bank owned life insurance income (357) (357)
Changes in assets and liabilities:    
(Increase) decrease in other assets (5,784) (4,707)
Increase (decrease) in other liabilities 199 (1,446)
Net cash provided by operating activities (2,189) 2,990
Cash Flows from Investing Activities    
Proceeds from maturities, calls, and principal payments of securities available for sale 7,345 17,424
Purchases of securities available for sale 0 (25,813)
Proceeds from the sale of restricted investments 3,788 0
Purchases of restricted investments (3,132) (750)
Purchases of bank premises and equipment (516) (408)
Proceeds from the sale of bank premises and equipment 31 0
Proceeds from the sale of other real estate owned 115 0
Changes in collateral posted with other financial institutions, net 0 (550)
Proceeds from sales of loans 38,802 68,363
Origination of loans net of principal collected (185,650) (203,033)
Funding of capital commitments related to other investments (435) (485)
Net cash (used in) investing activities (139,652) (145,252)
Cash Flows from Financing Activities    
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits (27,127) 62,840
Net increase (decrease) in time deposits 221,060 (8,562)
Net (decrease) increase in federal funds purchased (32,980) 28,575
Net (decrease) in short-term Federal Home Loan Bank advances (150,000) 0
Advances of long-term Federal Home Loan Bank advances 145,000 0
Issuance of subordinated debt, net of issuance costs 0 29,326
Issuance of common stock employees benefit plan 133 120
Repurchase and retirement of common stock (128) (117)
Cash dividends paid (2,116) (1,851)
Net cash provided by financing activities 153,842 110,331
Increase (decrease) in cash and cash equivalents 12,001 (31,931)
Cash and Cash Equivalents    
Beginning 66,894 64,068
Ending 78,895 32,137
Supplemental Disclosures of Cash Flow Information    
Interest 12,465 764
Income taxes 1,206 1,356
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized (loss) on securities available for sale 1,310 (21,015)
Minimum postretirement liability adjustment (8) 0
Issuance of common stock, dividend investment plan $ 0 $ 97