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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,304 $ 3,197
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense for loans 172 [1] 212 [2]
Credit loss expense (benefit) for off-balance sheet credit exposures (3) 63
Amortization of securities available-for-sale and loans, net 260 391
Amortization of intangible assets 87 130
Depreciation 326 290
Provision for deferred income taxes (34) 2
Securities losses, net 165 0
Increase in cash value of bank-owned life insurance (20) (19)
Gain on sales of loans held for sale (83) (50)
Proceeds from loans held for sale 3,309 2,176
Originations of loans held for sale (3,841) (2,285)
Amortization of investment in New Markets Tax Credit projects 174 192
Change in assets and liabilities:    
(Increase) in accrued income receivable 707 681
Decrease in other assets 264 629
Increase (decrease) in accrued interest payable (2,139) 436
Increase (decrease) in accrued expenses and other liabilities (280) 450
Net cash provided by operating activities 1,368 6,495
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in interest-bearing time deposits 1,244 746
Purchase of securities available-for-sale (8,650) (3,744)
Proceeds from sale of securities available-for-sale 2,049 0
Proceeds from maturities and calls of securities available-for-sale 19,157 13,698
Purchase of FHLB stock (3,309) (8,009)
Proceeds from the redemption of FHLB and FRB stock 2,802 9,294
Net decrease in loans 5,101 1,018
Purchase of premises and equipment (64) (1,560)
Net cash provided by investing activities 18,330 11,443
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase (decrease) in deposits 60,292 (1,164)
Increase in securities sold under agreements to repurchase (957) 5,526
Payments on other borrowings (91,304) (75,150)
Proceeds from other borrowings 88,000 150,000
Net (payments on) FHLB short-term borrowings (17,000) (35,420)
Dividends paid (2,428) (2,428)
Net cash provided by financing activities 36,603 41,364
Net increase in cash and cash equivalents 56,301 59,302
CASH AND CASH EQUIVALENTS    
Beginning 55,101 27,884
Ending 111,402 87,186
Cash payments for:    
Interest 11,344 5,512
Income taxes 0 0
Dividends declared, not paid $ 2,428 $ 2,428
[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 $3 thousand related to off-balance sheet credit exposures.
[2] The difference in the credit loss expense reported herein as compared to the Consolidated Statements of Income is associated with the credit loss expense of $63 thousand related to off-balance sheet credit exposures.