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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,913 $ 18,850
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan losses (757) 5,681
Provision (credit) for off-balance sheet commitments (21) 51
Amortization of securities available-for-sale, loans and deposits, net 2,603 983
Amortization of intangible assets 628 826
Depreciation 1,399 1,446
Provision (credit) for deferred income taxes 733 (1,087)
Securities gains, net (24) (430)
Gain on sales of loans held for sale (1,673) (2,112)
Proceeds from the sales of loans held for sale 73,003 95,272
Originations of loans held for sale (69,709) (92,004)
(Gain) on sale of other real estate owned, net (203) (22)
Loss on sale and disposal of bank premises and equipment, net 13 106
Amortization of investment in New Markets Tax Credit projects 639 639
Change in assets and liabilities:    
Decrease in accrued income receivable 1,019 646
Decrease in other assets 617 408
Increase (decrease) in accrued expenses and other liabilities (1,641) 459
Net cash provided by operating activities 30,539 29,712
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in interest-bearing time deposits 1,504 3,323
Purchase of securities available-for-sale (375,399) (238,174)
Proceeds from sale of securities available-for-sale 622 5,463
Proceeds from maturities and calls of securities available-for-sale 120,012 129,702
Purchase of FHLB stock (286) (1,149)
Proceeds from the redemption of FHLB stock 12 1,134
Net (increase) in loans (13,921) (86,302)
Net proceeds from the sale of other real estate owned 763 3,818
Purchase of bank premises and equipment (1,874) (1,249)
Purchase of investment in New Market Tax Credit projects 0 (447)
Cash paid net of cash received for acquired bank 0 (310)
Other (69) (73)
Net cash (used in) investing activities (268,636) (184,264)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in deposits 161,670 223,638
Increase (decrease) in securities sold under agreements to repurchase 2,558 (4,741)
Payments on FHLB and other borrowings 0 (2,000)
Dividends paid (9,389) (9,072)
Stock repurchases (710) (1,992)
Net cash provided by financing activities 154,129 205,833
Net increase (decrease) in cash and cash equivalents (83,968) 51,281
CASH AND CASH EQUIVALENTS    
Beginning 173,097 121,816
Ending 89,129 173,097
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 5,063 8,799
Income taxes 6,298 5,499
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES    
Transfer of loans to other real estate owned 560 11
Goodwill $ 0 $ 310