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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 2,072 $ 1,361
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 412 387
Provision for credit losses 269 721
Deferred income tax provision (427) 269
Proceeds from settlement of derivative contracts 2,166  
Reclassification of unrealized gains on terminated derivative contracts (227)  
Stock-based compensation expense 153 115
Net amortization of securities 16 88
Amortization of intangible assets 55 73
Net loss (gain) on premises and equipment and other real estate 249 (131)
Changes in assets and liabilities:    
Decrease in accrued interest receivable 113 106
Increase in other assets (521) (494)
Increase in accrued interest expense 234 81
Decrease in other liabilities (979) (1,730)
Net cash provided by operating activities 3,585 846
Cash flows from investing activities:    
Net decrease in federal funds sold 1,505 1
Purchases of investment securities, available-for-sale   (14,291)
Proceeds from maturities and prepayments of investment securities, available-for-sale 3,355 5,369
Proceeds from maturities and prepayments of investment securities, held-to-maturity 179 714
Net increase in Federal Home Loan Bank stock (231) (64)
Proceeds from the sale of premises and equipment and other real estate 128 1,550
Net (increase) decrease in loans (2,610) 28,706
Purchases of premises and equipment (139) (118)
Net cash provided by investing activities 2,187 21,867
Cash flows from financing activities:    
Net increase in deposits 27,860 14,991
Net increase in short-term borrowings 4,962 34
Net share-based compensation transactions (25)  
Repurchases of common stock   (958)
Dividends paid (294) (185)
Net cash provided by financing activities 32,503 13,882
Net increase in cash and cash equivalents 38,275 36,595
Cash and cash equivalents, beginning of period 30,152 61,244
Cash and cash equivalents, end of period 68,427 97,839
Supplemental disclosures:    
Interest 2,292 591
Income taxes 1,020 1,071
Non-cash transactions:    
Assets acquired in settlement of loans $ 490 $ 51