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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 income $ 8,959 $ 7,589
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,049 2,059
Stock based compensation expense   106
Net amortization and accretion of premiums and discounts on securities 508 516
Amortization of debt issuance costs 10 4
Loss on sales of available-for-sale securities 3  
Gain on sales of loans held for sale (5,256) (8,265)
Proceeds from sales of loans held for sale 217,867 344,974
Origination of loans held for sale (213,406) (331,235)
Recovery of loan losses (900) (500)
Loss on sale of other real estate owned   87
Impairment of other real estate owned 195  
Gain on sales of equipment (18)  
(Benefit) expense for deferred income taxes (10) 114
Bank owned life insurance income (452) (430)
(Increase) decrease in interest receivable (672) 286
(Increase) decrease in other assets (62) 295
Increase (decrease) in interest payable 43 (39)
Amortization of intangibles 560  
(Decrease) increase in other liabilities (106) 788
Net cash provided by operating activities 9,312 16,349
Cash flows from investing activities    
Purchases of securities available-for-sale (76,562) (83,964)
Proceeds from maturities, calls and paydowns of securities available-for-sale 11,718 8,360
Proceeds from sale of securities available-for-sale 7,681  
Purchases of bank owned life insurance   (2,000)
(Redemption) purchase of Federal Home Loan Bank stock (63) 227
Proceeds from sale of other real estate owned   368
Origination of loans, net of principal collected (27,997)  
Origination of loans, net of principal collected   25,854
Cash paid in acquistion, net of cash received (818) (10,400)
Purchases of premises and equipment (1,191) (2,909)
Proceeds from sale of equipment 30  
Purchase of other investments (927) (564)
Net cash (used in) investing activities (88,129) (65,028)
Cash flows from financing activities    
Net (decrease) increase in deposits (38,918) 122,089
Principal payments on finance lease obligations (357) (414)
Repurchase of common stock (1,402) (427)
Cash in lieu of fractional shares   (16)
Dividends paid to common stockholders (1,365) (1,271)
Proceeds from bank loan   10,985
Principal payments on bank loan (532)  
Net cash (used in) provided by financing activities (42,574) 130,946
(Decrease) increase in cash and cash equivalents (121,391) 82,267
Cash and cash equivalents at beginning of period 183,153 100,886
Cash and cash equivalents at end of period 61,762 183,153
Non cash transactions    
Transfer of loans to other real estate owned   111
Fair value adjustment for securities available-for-sale (32,148) (4,022)
Cash transactions    
Cash paid for interest 2,107 2,141
Cash paid for income taxes $ 2,180 2,550
Transactions related to acquistion:    
Assets acquired, net of cash received   9,296
Liabilities assumed   $ 1,797