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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income $ 3,729 $ 2,436  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 378 323  
Amortization of core deposit intangibles 4 14  
Amortization of debt issuance costs 1 1  
Origination of mortgage loans held for sale 0 (318)  
Proceeds from sale of mortgage loans held for sale 0 570  
Net gains on sales of mortgage loans held for sale 0 (7)  
Net gains on securities available for sale 0 (37)  
Net losses on sale of other real estate owned 12 0 $ (8)
Increase in cash value of bank owned life insurance (144) (113)  
Accretion of discounts and amortization of premiums on securities, net 320 214  
Accretion of premium on time deposits (67) (3)  
Accretion of certain acquisition-related loan discounts, net (367) 0  
Stock-based compensation 485 74  
Excess tax benefits on stock-based compensation (4) (3)  
Losses (gains) on disposal of premises and equipment, net 2 (12)  
Deferred income tax benefit 200 (95)  
Changes in assets and liabilities:      
(Increase) decrease in interest receivable (153) 108  
Decrease (increase) in other assets 4,660 (700)  
(Decrease) increase in accrued interest payable and other liabilities (440) 2,592  
Net cash provided by operating activities 8,624 5,050  
Cash Flows from Investing Activities      
Proceeds from maturities, calls, principal payments, and sales of securities available for sale 7,422 13,425  
Proceeds from maturities, calls, and principal payments of securities held to maturity 813 786  
Purchases of securities available for sale (21,147) (35,189)  
Purchases of securities held to maturity (49,034) 0  
Net (purchase) redemption of restricted securities (95) 244  
Purchase of premises and equipment (195) (91)  
Proceeds from sale of premises and equipment 0 12  
Proceeds from sale of other real estate owned 9 0  
Net increase in loans (10,820) (8,287)  
Net cash used in investing activities (73,047) (29,100)  
Cash Flows from Financing Activities      
Net increase in demand deposits and savings accounts 48,641 76,028  
Net decrease in time deposits (4,434) (2,429)  
Repayment of subordinated debt, net of issuance costs (5,000) 0  
Cash dividends paid on common stock, net of reinvestment (817) (545)  
Net cash provided by financing activities 38,207 73,015  
Increase in cash and cash equivalents (26,216) 48,965  
Cash and Cash Equivalents      
Beginning 176,006 127,297 127,297
Ending 149,790 176,262 176,006
Supplemental Disclosures of Cash Flow Information      
Interest 486 543  
Supplemental Disclosures of Noncash Investing and Financing Activities      
Unrealized (losses) gains on securities available for sale (18,030) (2,094)  
Change in fair value of cash flow hedges 699 934  
Transfer from other real estate owned to premises and equipment 60 0 $ (0)
Issuance of common stock, dividend reinvestment plan 57 39  
First National Corporation 2014 Stock Incentive Plan [Member]      
Cash Flows from Financing Activities      
Repurchase of common stock $ (183) $ (39)