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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net earnings $ 1,395 $ 10,346
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for credit losses 135 1,000
Depreciation and amortization 1,700 1,528
Premium amortization and discount accretion, net 2,380 3,091
Deferred income tax (benefit) expense (195) 686
Net loss (gain) on securities available for sale 6,295 (12)
Net gain on sale of loans held for sale (71) (309)
Net gain on other real estate owned 0 (162)
Loans originated for sale (4,141) (8,850)
Proceeds from sale of loans 4,174 10,424
Net gain on disposition of premises and equipment   (3,234)
Increase in cash surrender value of bank owned life insurance (359) (317)
Income recognized from death benefit of life insurance (52) 0
Net increase in other assets 2,652 (2,441)
Net increase (decrease) in accrued expenses and other liabilities (2,011) (770)
Net cash provided by operating activities 11,902 10,980
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 111,269 4,860
Proceeds from prepayments and maturities of securities available-for-sale 30,329 45,921
Purchase of securities available-for-sale 0 (93,106)
Decrease (increase) in loans, net (52,892) (46,268)
Purchases of premises and equipment (418) (7,049)
Decrease (increase) in FHLB stock (164) (74)
Proceeds from bank-owned life insurance death benefit 216 0
Proceeds from surrender of bank-owned life insurance 3,037 0
Proceeds from sale of premises and equipment   4,222
Proceeds from sale of other real estate owned   536
Net cash used in investing activities 91,377 (90,958)
Cash flows from financing activities:    
Net (decrease) increase in noninterest-bearing deposits (40,648) (4,761)
Net increase (decrease) in interest-bearing deposits (13,446) (39,145)
Net decrease in federal funds purchased and securities sold under agreements to repurchase (1,065) (897)
Stock repurchases (229) (504)
Dividends paid (3,776) (3,720)
Net cash used in financing activities (59,164) (49,027)
Net change in cash and cash equivalents 44,115 (129,005)
Cash and cash equivalents at beginning of period 27,254 156,259
Cash and cash equivalents at end of period 71,369 27,254
Cash paid (received) during period for:    
Interest 7,516 2,341
Income taxes $ 1,230 $ 1,351