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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended
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Mar. 31, 2024 | Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) [Abstract] |  |
Net cash provided by operating activities: | $ 928 | $ 4,225
Investing activities: |  |
Proceeds from maturities and paydowns of securities available for sale | 9,161 | 6,582
Purchases of securities available for sale | (9,554) | 0
Proceeds from calls and maturities of securities held to maturity | 14 | 217
Proceeds from maturities of certificates of deposit in financial institutions | 0 | 1,122
Redemptions of restricted investments in bank stocks | 54 | 1,860
Net change in loans | (18,315) | (21,641)
Purchases of premises and equipment | (694) | (430)
Withdrawals from bank owned life insurance and annuity asset | 74 | 0
Net cash (used in) investing activities | (19,260) | (12,290)
Financing activities: |  |
Change in deposits | 21,648 | 53,540
Cash dividends | (1,050) | (1,002)
Repayment of Federal Home Loan Bank borrowings | (1,386) | (633)
Change in other short-term borrowings | 54 | 18
Net cash provided by financing activities | 19,266 | 51,923
Change in cash and cash equivalents | 934 | 43,858
Cash and cash equivalents at beginning of period | 128,126 | 45,990
Cash and cash equivalents at end of period | 129,060 | 89,848
Supplemental disclosure: |  |
Cash paid for interest | $ 7,055 | $ 1,178

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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4 + Details
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