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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:                
Net income attributable to common stockholders $ 2,498 $ 3,662 $ 4,696 $ 3,993 $ 4,706 $ 9,366 $ 13,065  
Adjustments to reconcile net income to net cash provided by operating activities:                
Investment securities net (discount accretion) premium amortization           (46) 59  
Depreciation expense           1,787 1,773  
Provision for credit losses           175 775  
Net realized (gain) loss on equity securities           (170) 167  
Net realized gain on debt securities           (12) 0  
Deferred tax asset valuation allowance           1,828 0  
Increase in mortgage servicing rights resulting from transfers of financial assets           (138) (275)  
Mortgage servicing rights amortization and impairment, net           456 65  
Amortization of intangible assets 179     399   576 1,197  
Amortization of restricted stock           590 647  
Net stock based compensation expense           0 3  
Loss on sale of office properties and equipment           0 271  
Decrease in deferred income taxes           226 252  
Increase in cash surrender value of life insurance           (513) (472)  
Net loss (gain) from disposals of foreclosed and repossessed assets           62 (17)  
Gain on sale of loans held for sale, net           (1,501) (1,330)  
New market tax credit depletion expense 0     163   0 488  
Net change in:                
Loans held for sale           (1,236) 7,334  
Accrued interest receivable and other assets           (1,615) 356  
Other liabilities           (663) (3,625)  
Total adjustments           (194) 7,668  
Net cash provided by operating activities           9,172 20,733  
Cash flows from investing activities:                
Net decrease in other interest bearing deposits           249 1,143  
Purchase of available for sale securities           (11,007) (10,543)  
Proceeds from principal payments of available for sale securities           13,164 21,799  
Proceeds from sales of available for sale securities 0     0   5,105 0  
Purchase of held to maturity securities           0 (35,342)  
Proceeds from principal payments and maturities of held to maturity securities           4,031 8,838  
Equity investment capital distribution           132 0  
Purchase of equity investments           (600) (300)  
Net sales (purchases) of other investments           725 (602)  
Proceeds from sales of foreclosed and repossessed assets           307 56  
Net increase in loans           (35,606) (65,476)  
Net capital expenditures           (771) (2,446)  
Proceeds from disposal of office properties and equipment           12 14  
New market tax credit investment           0 (4,056)  
Net cash used in investing activities           (24,259) (86,915)  
Cash flows from financing activities:                
Federal Home Loan Bank advances           15,000 72,000  
Amortization of fair value adjustments for acquired Federal Home Loan Bank advances           0 3  
Federal Home Loan Bank advance call payments           0 (55,000)  
Federal Home Loan Bank advance termination payments           0 (15,015)  
Federal Home Loan Bank maturities           (43,000) (11,000)  
Amortization of debt issuance costs           165 340  
Proceeds from other borrowings, net of origination costs           0 34,191  
Other borrowings principal reductions           (5,167) (20,606)  
Net increase in deposits           48,515 46,833  
Common stock restricted shares           1 0  
Repurchase shares of common stock           (117) (979)  
Surrender of restricted shares of common stock           (129) (143)  
Common stock options exercised           28 20 $ 71
Cash dividends paid           (3,040) (2,742)  
Net cash provided by financing activities           12,256 47,902  
Net decrease in cash and cash equivalents           (2,831) (18,280)  
Cash and cash equivalents at beginning of period   $ 35,363 29,411   $ 47,691 35,363 47,691 47,691
Cash and cash equivalents at end of period $ 32,532   $ 35,363 $ 29,411   32,532 29,411 $ 35,363
Cash paid during the period for:                
Interest on deposits           16,602 3,784  
Interest on borrowings           8,363 4,698  
Income taxes           3,855 3,365  
Supplemental noncash disclosure:                
Transfers from loans receivable to other real estate owned ("OREO")           144 92  
Transfers from office properties and equipment to foreclosed and repossessed assets           $ 0 $ 130