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Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash flows from operating activities      
Net Income $ 1,984,000 $ 2,139,000  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 491,000 270,000  
Net amortization and accretion of premiums and discounts on securities 104,000 131,000  
Amortization of debt issuance costs 3,000 3,000  
(Gain) on sales of loans held for sale (923,000) (1,904,000)  
Proceeds from sales of loans held for sale 34,744,000 58,513,000  
Origination of loans held for sale (32,646,000) (61,497,000)  
Provision for credit losses 140,000 (300,000) $ (900,000)
Impairment of other real estate owned 26,000    
Amortization of intangibles 140,000 140,000  
Bank owned life insurance income (132,000) (113,000)  
Decrease (increase) in interest receivable 162,000 (130,000)  
(Increase) in other assets (168,000) (345,000)  
Increase (decrease) in interest payable 129,000 (7,000)  
Increase in other liabilities 769,000 107,000  
Net cash provided by (used in) operating activities 4,823,000 (2,993,000)  
Cash flows from investing activities      
Purchases of securities available-for-sale (2,780,000) (68,805,000)  
Proceeds from maturities, calls and paydowns of securities available-for-sale 2,151,000 3,838,000  
Purchases of bank owned life insurance (1,800,000)    
Origination of loans, net of principal collected (14,242,000) (12,155,000)  
Purchases of premises and equipment (189,000) (53,000)  
Net cash (used in) investing activities (16,860,000) (77,175,000)  
Cash flows from financing activities      
Net increase (decrease) in deposits 16,299,000 (5,629,000)  
Principal payments on finance lease obligations (90,000) (88,000)  
Principal payments on other borrowings (144,000) (129,000)  
Repurchase of common stock (813,000)    
Dividends paid to common stockholders (370,000) (332,000)  
Net cash provided by (used in) financing activities 14,882,000 (6,178,000)  
Increase (decrease) in cash and cash equivalents 2,845,000 (86,346,000)  
Cash and cash equivalents at beginning of period 61,762,000 183,153,000 183,153,000
Cash and cash equivalents at end of period 64,607,000 96,807,000 61,762,000
Non cash transactions      
Transfer of loans to other real estate owned  
Fair value adjustment for securities available-for-sale 3,270,000 (13,491,000)  
Cash transactions      
Cash paid for interest 1,327,000 532,000  
Cash paid for income taxes