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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash Flows from Operating Activities          
Net income $ 3,505 $ 3,835 $ 7,354 $ 7,564  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization of premises and equipment     795 747  
Amortization of core deposit intangibles     9 9  
Amortization of debt issuance costs     1 1  
Provision for credit losses on loans     45 400 $ 1,850
Provision for credit losses on securities held to maturity     11 0  
Provision for credit losses on unfunded commitments     44 0  
Net (gain) loss on sale of other real estate owned     (246) 39  
Increase in cash value of bank owned life insurance     (284) (275)  
Accretion of discounts and amortization of premiums on securities, net     507 629  
Accretion of premium on time deposits     (48) (122)  
Accretion of certain acquisition-related loan discounts, net     (303) (718)  
Stock-based compensation     407 541  
Excess tax benefits on stock-based compensation     4 3  
Loss on disposal of premises and equipment, net     (2) 2  
Deferred income tax expense     274 73  
Changes in assets and liabilities:          
Decrease (increase) in interest receivable     295 (251)  
(Increase) decrease in other assets     (108) 4,054  
(Decrease) in accrued interest payable and other liabilities     (893) (422)  
Net cash provided by operating activities     7,862 12,274  
Cash Flows from Investing Activities          
Proceeds from maturities, calls, and principal payments of securities available for sale     6,422 14,929  
Proceeds from maturities, calls, and principal payments of securities held to maturity     4,220 5,271  
Purchases of securities available for sale     0 (21,147)  
Purchases of securities held to maturity     (2,091) (49,033)  
Net redemption (purchase) of restricted securities     105 (95)  
Purchase of premises and equipment     (475) (404)  
Proceeds from sale of premises and equipment     2 0  
Proceeds from sale of other real estate owned     385 84  
Proceeds from cash value of bank owned life insurance     256 0  
Net (increase) in loans     (10,187) (54,161)  
Net cash provided by (used in) investing activities     (1,363) (104,556)  
Cash Flows from Financing Activities          
Net (decrease) increase in demand deposits and savings accounts     (38,341) 59,231  
Net increase (decrease) in time deposits     39,425 (11,711)  
Repayment of subordinated debt     0 (5,000)  
Cash dividends paid on common stock, net of reinvestment     (1,801) (1,646)  
Repurchase of common stock     (507) 0  
Net cash (used in) provided by financing activities     (1,337) 40,691  
Increase (decrease) in cash and cash equivalents     5,162 (51,591)  
Cash and Cash Equivalents          
Beginning     66,914 176,006 176,006
Ending $ 72,076 $ 124,415 72,076 124,415 $ 66,914
Supplemental Disclosures of Cash Flow Information          
Interest     5,622 1,184  
Income taxes     1,626 1,040  
Supplemental Disclosures of Noncash Investing and Financing Activities          
Unrealized gains (losses) on securities available for sale     738 (30,386)  
Change in fair value of cash flow hedges     (151) 1,272  
Transfer from other real estate owned to premises and equipment     0 60  
Issuance of common stock, dividend reinvestment plan     80 104  
First National Corporation 2014 Stock Incentive Plan [Member]          
Cash Flows from Financing Activities          
Repurchase of common stock     $ (113) $ (183)