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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 4,095 $ 2,776
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 804 779
Provision for credit losses 569 1,616
Deferred income tax provision (benefit) (462) 165
Proceeds from settlement of derivative contracts 2,166  
Reclassification of unrealized gains on terminated derivative contracts (534)  
Stock-based compensation expense 299 238
Net amortization of securities 29 144
Amortization of intangible assets 110 146
Net loss (gain) on premises and equipment and other real estate 393 (225)
Changes in assets and liabilities:    
Increase in accrued interest receivable (140) (94)
(Increase) decrease in other assets (334) 535
Increase in accrued interest expense 956 268
Decrease in other liabilities (944) (1,171)
Net cash provided by operating activities 7,007 5,177
Cash flows from investing activities:    
Net decrease in federal funds sold 1,047 2
Purchases of investment securities, available-for-sale   (39,256)
Proceeds from maturities and prepayments of investment securities, available-for-sale 6,364 10,133
Proceeds from maturities and prepayments of investment securities, held-to-maturity 389 1,085
Net increase in Federal Home Loan Bank stock (443) (14)
Net increase in loans (41,850) (8,704)
Proceeds from the sale of premises and equipment and other real estate 291 2,380
Purchases of premises and equipment (242) (341)
Net cash used in investing activities (34,444) (34,715)
Cash flows from financing activities:    
Net increase in deposits 62,603 6,170
Net increase in short-term borrowings 9,962 42
Net increase in long-term borrowings   37
Net share-based compensation transactions (25)  
Repurchases of common stock   (3,828)
Dividends paid (587) (366)
Net cash provided by financing activities 71,953 2,055
Net increase (decrease) in cash and cash equivalents 44,516 (27,483)
Cash and cash equivalents, beginning of period 30,152 61,244
Cash and cash equivalents, end of period 74,668 33,761
Supplemental disclosures:    
Interest 5,246 1,103
Income taxes 1,824 1,311
Non-cash transactions:    
Assets acquired in settlement of loans $ 740 $ 329