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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net earnings $ 10,346 $ 8,039
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 1,000 (600)
Depreciation and amortization 1,528 1,244
Premium amortization and discount accretion, net 3,091 3,979
Deferred income tax (benefit) expense 686 278
Net gain on securities available for sale (12) (15)
Net gain on sale of loans held for sale (309) (1,417)
Net gain on other real estate owned (162) 0
Loans originated for sale (8,850) (47,937)
Proceeds from sale of loans 10,424 50,901
Net gain on disposition of premises and equipment (3,234) 0
Increase in cash surrender value of bank owned life insurance (317) (403)
Net increase in other assets (2,441) 1,235
Net increase (decrease) in accrued expenses and other liabilities (770) (2,984)
Net cash provided by operating activities 10,980 12,320
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 4,860 0
Proceeds from prepayments and maturities of securities available-for-sale 45,921 73,607
Purchase of securities available-for-sale (93,106) (173,243)
Decrease (increase) in loans, net (46,268) 2,883
Purchases of premises and equipment (7,049) (20,175)
Purchase of New Markets Tax credit investment 0 (2,181)
Decrease (increase) in FHLB stock (74) 267
Proceeds from sale of premises and equipment 4,222 0
Proceeds from sale of other real estate owned 536 0
Net cash provided by (used in) investing activities (90,958) (118,842)
Cash flows from financing activities:    
Net (decrease) increase in noninterest-bearing deposits (4,761) 70,734
Net increase (decrease) in interest-bearing deposits (39,145) 83,717
Net decrease in federal funds purchased and securities sold under agreements to repurchase (897) 1,056
Stock repurchases (504) (1,619)
Dividends paid (3,720) (3,682)
Net cash used in financing activities (49,027) 150,206
Net change in cash and cash equivalents (129,005) 43,684
Cash and cash equivalents at beginning of period 156,259 112,575
Cash and cash equivalents at end of period 27,254 156,259
Cash paid (received) during period for:    
Interest 2,341 2,560
Income taxes 1,351 2,760
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 374