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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,678 $ 14,881
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense (benefit) for loans 80 [1] (706)
Credit loss expense (benefit) for off-balance sheet credit exposures (46) 131
Amortization of securities available-for-sale and loans, net 1,189 1,729
Amortization of intangible assets 388 438
Depreciation 918 1,064
Deferred income taxes 127 985
Securities (gains), net (35) (37)
Increase in cash value of bank-owned life insurance (57) (51)
(Gain) on sales of loans held for sale (254) (501)
Proceeds from loans held for sale 13,463 22,904
Originations of loans held for sale (13,483) (22,870)
(Gain) on sale and disposal of premises and equipment, net 0 (76)
Amortization of investment in New Markets Tax Credit projects 575 567
Change in assets and liabilities:    
(Increase) in accrued income receivable (2,519) (1,949)
(Increase) in other assets (28) (1,059)
Increase (decrease) in accrued expenses and other liabilities 3,818 (450)
Net cash provided by operating activities 12,814 15,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in interest-bearing time deposits 4,780 1,512
Purchase of securities available-for-sale (3,779) (138,006)
Proceeds from sale of securities available-for-sale 2,069 10,548
Proceeds from maturities and calls of securities available-for-sale 45,616 72,304
Purchase of FHLB stock (14,941) (5,946)
Proceeds from the redemption of FHLB and FRB stock 15,554 5,227
Net (increase) in loans (6,617) (29,997)
Purchase of premises and equipment (3,844) (1,754)
Proceeds from the sale of premises and equipment 0 125
Net cash provided by (used in) investing activities 38,838 (85,987)
CASH FLOWS FROM FINANCING ACTIVITIES    
(Decrease) in deposits (69,276) (5,008)
Increase in securities sold under agreements to repurchase 20,265 1,218
Payments on other borrowings (88,758) (3,150)
Proceeds from other borrowings 191,000 4,000
Net payments on FHLB short-term borrowings (35,420) 23,600
Dividends paid (7,284) (7,247)
Stock repurchases 0 (2,300)
Net cash provided by financing activities 10,527 11,113
Net increase (decrease) in cash and cash equivalents 62,179 (59,874)
CASH AND CASH EQUIVALENTS    
Beginning 27,884 89,129
Ending 90,063 29,255
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 17,890 4,553
Income taxes $ 1,485 $ 3,603
[1] The difference in the credit loss expense reported herein as compared to the Consolidated Statements of Income is associated with the credit loss benefit of $46 thousand related to off-balance sheet credit exposures.