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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 (Loss) $ 9,357 $ 14,521
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation 1,002 979
Amortization of other assets 988 931
Origination of loans held for sale (41,606) (14,276)
Proceeds from sale of loans held for sale 41,224 15,486
Net (gains) on sales of loans (1,428) (1,875)
Provision for credit losses 1,649 1,830
(Gain) on other real estate owned (7) 0
(Gain) on the sale of marine finance assests (435) 0
(Gain) loss on the sale and disposal of premises and equipment (14) 11
Loss on the sale of securities 0 737
Amortization of subordinated debt issuance costs 67 51
Stock-based compensation expense 1,213 1,017
Premium amortization on securities, net 335 562
Bank owned life insurance income (713) (626)
Deferred tax (benefit) (1,509) (86)
Changes in assets and liabilities:    
(Increase) decrease in other assets (4,583) (4,742)
Increase (decrease) in other liabilities 1,335 (706)
Net cash provided by operating activities 6,875 13,814
Cash Flows from Investing Activities    
Proceeds from maturities, calls, and principal payments of securities available for sale 14,473 27,630
Proceeds from the sale of securities available for sale 0 15,370
Purchases of securities available for sale 0 (26,819)
Proceeds from the sale of restricted investments 4,975 0
Purchase of restricted investments (5,310) (8,184)
Proceeds for the sale of bank premises and equipment 39 33
Purchase of bank-owned life insurance (5,000) 0
Purchases of bank premises and equipment (1,071) (838)
Proceeds from the sale of other real estate owned 115 0
Changes in collateral posted with other financial institutions, net 0 (700)
Proceeds from sale of marine finance assets 53,987 0
Proceeds from sales of loans 51,871 155,525
Origination of loans net of principal collected (243,441) (492,592)
Funding of capital commitments related to other investments (922) (761)
Net cash (used in) provided by investing activities (130,284) (331,336)
Cash Flows from Financing Activities    
Net (decrease) increase in demand deposits, money market and savings accounts (13,123) 52,530
Net increase (decrease) in certificates of deposit 255,370 34,310
Net (decrease) increase in federal funds purchased (32,980) 32,980
Net (decrease) increase in short-term Federal Home Loan Bank advances (155,000) 175,000
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, employee benefit plan 132 164
Repurchase and retirement of common stock (302) (154)
Cash dividends paid (4,229) (3,808)
Net cash provided by financing activities 194,868 320,348
Increase (decrease) in cash and cash equivalents 71,459 2,826
Cash and Cash Equivalents    
Beginning 66,894 64,068
Ending 138,353 66,894
Supplemental Disclosures of Cash Flow Information    
Interest 31,332 4,563
Income taxes 2,068 4,368
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized (loss) on securities available for sale (3,095) (25,685)
Minimum postretirement liability adjustment (8) 0
Other real estate and repossessed assets acquired in settlement of loans 304 108
Issuance of common stock, dividend investment plan $ 0 $ 199