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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Operating Activities          
Net income $ 2,392 $ 2,303 $ 6,560 $ 6,351  
Items not requiring (providing) cash          
Accretion of premiums and discounts on securities, net     271 389  
Amortization of intangible asset     113 113  
Depreciation and amortization     744 768  
Expense related to share based compensation plans     586 919  
Provision for (reversal of) credit loss expense (154) 15 (300) (970)  
Increase in value of bank-owned life insurance     (320) (90)  
Gain on sale of loans (1) (6) (8) (33)  
Proceeds from sale of loans held for sale     396 1,819  
Originations of loans held for sale     (404) (1,786)  
Loss on sale or write down of foreclosed assets     62 23  
Amortization of debt instrument costs     46 46  
Net change in accrued interest receivable and other assets     (1,227) (2,014)  
Net change in accrued expenses and other liabilities     229 (173)  
Net cash provided by operating activities     6,748 5,362  
Investing Activities          
Maturities, prepayments and calls     2,275 5,570  
Purchases     (19,329) (98,634)  
Net change in loans     (5,524) (14,043)  
Purchase of FHLB stock     (3,149)    
Redemption of Federal Home Loan Bank Stock     1,669 1,205  
Purchases of premises and equipment     (952) (425)  
Proceeds from sale of foreclosed and fixed assets     16 267  
Net cash used in investing activities     (24,994) (106,060)  
Financing Activities          
Net change in deposits     (21,901) 44,965  
Net change in securities sold under repurchase agreements     10,478 12,412  
Peoceeds from Federal Home Loan Bank advances     75,000   $ 0
Repurchase of common stock     (733) (768)  
Cash dividends paid on common stock     (3,786) (3,613)  
Net cash provided by financing activities     59,058 52,996  
Increase (Decrease) in Cash and Cash Equivalents     40,812 (47,702)  
Cash and Cash Equivalents, Beginning of Period     30,080 82,999 82,999
Cash and Cash Equivalents, End of Period $ 70,892 $ 35,297 70,892 35,297 $ 30,080
Supplemental Cash Flows Information          
Interest paid on deposits and borrowings     7,604 2,257  
Federal income taxes paid       $ 300  
Supplemental Disclosure of Non-Cash Investing and Financing Activities          
Transfers from loans to foreclosed assets held for sale     $ 13