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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net earnings $ 3,892 $ 3,882
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for credit losses (296) (250)
Depreciation and amortization 858 631
Premium amortization and discount accretion, net 1,223 1,738
Net gain on sale of loans held for sale (61) (349)
Net gain on other real estate owned   (162)
Loans originated for sale (1,219) (8,027)
Proceeds from sale of loans 1,271 8,666
Increase in cash surrender value of bank owned life insurance (172) (196)
Income recognized on death benefit of life insurance (52)  
Net (increase) decrease in other assets 3,332 (9,152)
Net (decrease) increase in accrued expenses and other liabilities (1,401) 7,397
Net cash provided by operating activities 7,375 4,178
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 12,470 29,570
Purchase of securities available-for-sale 0 (77,776)
Decrease in loans, net (15,812) 17,519
Net purchases of premises and equipment (40) (4,059)
Proceeds from bank-owned life insurance death benefit (216)  
(Increase) decrease in FHLB stock 41 (74)
Proceeds from sale of other real estate owned   536
Net cash (used in) provided by investing activities (3,125) (34,284)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits (12,892) (4,924)
Net increase in interest-bearing deposits 13,297 13,379
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (384) 699
Stock repurchases (99) (331)
Dividends paid (1,890) (1,862)
Net cash provided by financing activities (1,968) 6,961
Net change in cash and cash equivalents 2,282 (23,145)
Cash and cash equivalents at beginning of period 27,254 156,259
Cash and cash equivalents at end of period 29,536 133,114
Cash paid during the period for:    
Interest 2,191 1,206
Income taxes $ 800 $ 731