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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities    
Net income $ 8,657 $ 9,451
Items not requiring (providing) cash    
Depreciation and amortization 1,013 1,143
(Credit) provision charged to expense (955) (1,255)
Gain on sale of available-for-sale securities   (1,250)
Amortization of premiums and discounts on securities-net 533 384
Amortization of intangible assets 150 150
Deferred income taxes 342 112
Originations of loans held for sale (1,891) (11,631)
Proceeds from sale of loans held for sale 1,927 11,903
Net gains on sales of loans (36) (272)
Expense related to share-based compensation plans 1,005 414
Net loss (gain) or on sale or write-down of foreclosed assets and other repossessed assets 23 (75)
Increase in cash surrender value of bank-owned life insurance (191) (441)
Amortization of debt issuance costs 61 61
Changes in    
Accrued interest receivable (1,058) 556
Other assets (824) (1,237)
Interest payable and other liabilities (275) 179
Net cash provided by operating activities 8,481 8,192
Investing Activities    
Purchases of available-for-sale securities (99,992) (24,371)
Sale of available-for-sale securities 0 12,684
Maturities, prepayments and calls 6,190 20,834
Net change in loans (10,415) (10,864)
Mandatory redemption (purchase) of Federal Home Loan Bank Stock 1,205 473
Purchases of bank-owned life insurance   (259)
Purchases of premises and equipment, net (511) (777)
Proceeds from sale of premises and equipment 111 620
Proceeds from sales of foreclosed assets 156 451
Net cash (used in) investing activities (103,256) (1,209)
Financing Activities    
Net increase in deposits 44,777 25,601
Net change in securities sold under repurchase agreements 2,405 2,996
Repurchase of common stock (767) (72)
Cash dividends paid (4,559) (4,101)
Net cash provided by financing activities 41,856 24,424
(Decrease) Increase in Cash and Cash Equivalents (52,919) 31,407
Cash and Cash Equivalents, Beginning of Year 82,999 51,592
Cash and Cash Equivalents, End of Year 30,080 82,999
Supplemental cash flow information    
Interest paid on deposits and borrowings 3,150 2,182
Federal income taxes paid 230 710
Supplemental Disclosure of Non-Cash Investing Activities    
Transfers from loans to foreclosed assets held for sale $ 3,283 $ 70