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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 8,485 $ 6,864
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,581 1,614
Provision for credit losses 319 3,308
Deferred income tax expense (benefit) 133 (367)
Net loss on sale and prepayment of investment securities   83
Proceeds from settlement of derivative contracts 2,166 324
Reclassification of unrealized gains on terminated derivative contracts (1,160)  
Stock-based compensation expense 596 485
Net amortization of securities 28 195
Amortization of intangible assets 195 268
Net loss (gain) on premises and equipment and other real estate 621 (207)
Changes in assets and liabilities:    
Increase in accrued interest receivable (965) (455)
(Increase) decrease in other assets (1,208) 333
Increase in accrued interest expense 1,423 383
Increase (decrease) in other liabilities 853 (299)
Net cash provided by operating activities 13,067 12,529
Cash flows from investing activities:    
Net increase in federal funds sold (7,707) (1,686)
Purchases of investment securities, available-for-sale (14,891) (39,255)
Proceeds from sales of investment securities, available-for-sale   8,531
Proceeds from maturities and prepayments of investment securities, available-for-sale 11,856 19,250
Proceeds from maturities and prepayments of investment securities, held-to-maturity 755 1,563
Net decrease (increase) in Federal Home Loan Bank stock 158 (489)
Net increase in loans (49,650) (69,935)
Proceeds from the sale of premises and equipment and other real estate 497 3,084
Purchases of premises and equipment (1,464) (1,262)
Net cash used in investing activities (60,446) (80,199)
Cash flows from financing activities:    
Net increase in customer deposits 80,166 31,899
Net (decrease) increase in short-term borrowings (10,038) 9,992
Net share-based compensation transactions (25)  
Repurchases of common stock (1,422) (4,481)
Dividends paid (1,175) (832)
Net cash provided by financing activities 67,506 36,578
Net increase (decrease) in cash and cash equivalents 20,127 (31,092)
Cash and cash equivalents, beginning of period 30,152 61,244
Cash and cash equivalents, end of period $ 50,279 $ 30,152