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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
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:                  
Net income attributable to common stockholders $ 3,206 $ 3,662 $ 4,696 $ 3,993 $ 4,366 $ 4,706 $ 6,868 $ 9,072  
Adjustments to reconcile net income to net cash provided by operating activities:                  
Investment securities net (discount accretion) premium amortization             (34) 57  
Depreciation expense             1,203 1,163  
Provision for credit losses             500 400  
Net realized (gain) loss on equity securities             (54) 113  
Net realized gain on debt securities             (12) 0  
Increase in mortgage servicing rights resulting from transfers of financial assets             (52) (227)  
Mortgage servicing rights amortization and impairment, net             306 (132)  
Amortization of intangible assets 193       399   397 798  
Amortization of restricted stock             382 392  
Net stock based compensation expense             0 2  
Decrease in deferred income taxes             129 676  
Increase in cash surrender value of life insurance             (336) (310)  
Net gain from disposals of foreclosed and repossessed assets             (38) (9)  
Gain on sale of loans held for sale, net             (1,202) (1,136)  
New market tax credit depletion expense 0       162   0 325  
Net change in:                  
Loans held for sale             (1,192) 6,634  
Accrued interest receivable and other assets             (1,047) 388  
Other liabilities             (1,466) (1,759)  
Total adjustments             (2,516) 7,375  
Net cash provided by operating activities             4,352 16,447  
Cash flows from investing activities:                  
Net decrease in other interest bearing deposits             249 6  
Purchase of available for sale securities             (11,007) (5,760)  
Proceeds from principal payments of available for sale securities             9,128 14,577  
Proceeds from sales of available for sale securities 5,105       0   5,105 0  
Purchase of held to maturity securities             0 (35,342)  
Proceeds from principal payments and maturities of held to maturity securities             2,571 7,204  
Purchase of equity investments             (450) (150)  
Net (purchases) sales of other investments             (513) 406  
Proceeds from sales of foreclosed and repossessed assets             254 38  
Net increase in loans             (13,199) (36,445)  
Net capital expenditures             (547) (1,583)  
Proceeds from disposal of office properties and equipment             10 0  
New market tax credit investment             0 (4,056)  
Net cash used in investing activities             (8,399) (61,105)  
Cash flows from financing activities:                  
Federal Home Loan Bank advances             15,000 44,000  
Amortization of fair value adjustments for acquired Federal Home Loan Bank advances             0 3  
Federal Home Loan Bank advance call payments             0 (27,500)  
Federal Home Loan Bank advance termination payments             0 (15,015)  
Federal Home Loan Bank maturities             (35,000) (11,000)  
Amortization of debt issuance costs             115 107  
Proceeds from other borrowings, net of origination costs             0 34,197  
Other borrowings principal reductions             (5,167) (5,606)  
Net increase in deposits             39,962 12,675  
Common stock restricted shares             1 0  
Repurchase shares of common stock             (117) (288)  
Surrender of restricted shares of common stock             (129) (141)  
Common stock options exercised             28 20 $ 71
Cash dividends paid             (3,040) (2,742)  
Net cash provided by financing activities             11,653 28,710  
Net increase (decrease) in cash and cash equivalents             7,606 (15,948)  
Cash and cash equivalents at beginning of period   $ 35,363   $ 31,743   $ 47,691 35,363 47,691 47,691
Cash and cash equivalents at end of period $ 42,969   $ 35,363   $ 31,743   42,969 31,743 $ 35,363
Cash paid during the period for:                  
Interest on deposits             10,088 2,121  
Interest on borrowings             5,363 2,148  
Income taxes             2,505 1,880  
Supplemental noncash disclosure:                  
Transfers from loans receivable to other real estate owned ("OREO")             $ 144 $ 65