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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 4,234 $ 4,095
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 776 804
Provision for credit losses   569
Deferred income tax expense (benefit) 511 (462)
Proceeds from settlement of derivative contracts   2,166
Reclassification of unrealized gains on terminated derivative contracts (625) (534)
Stock-based compensation expense 319 299
Net (accretion) amortization of securities (100) 29
Amortization of intangible assets 74 110
Net loss on premises and equipment and other real estate 717 393
Changes in assets and liabilities:    
Increase in cash surrender value of bank owned life insurance (173) (147)
Decrease (increase) in accrued interest receivable 189 (140)
Increase in other assets (416) (187)
(Decrease) increase in accrued interest expense (4) 956
Decrease in other liabilities (2,130) (944)
Net cash provided by operating activities 3,372 7,007
Cash flows from investing activities:    
Net decrease in federal funds sold 3,955 1,047
Purchases of investment securities, available-for-sale (27,523)  
Proceeds from maturities and prepayments of investment securities, available-for-sale 19,577 6,364
Proceeds from maturities and prepayments of investment securities, held-to-maturity 236 389
Net increase in Federal Home Loan Bank stock (293) (443)
Net decrease (increase) in loans and leases held for investment 1,412 (41,850)
Proceeds from the sale of premises and equipment and other real estate 480 291
Purchases of premises and equipment (1,166) (242)
Net cash used in investing activities (3,322) (34,444)
Cash flows from financing activities:    
Net increase in deposits 4,264 62,603
Net increase in short-term borrowings 5,000 9,962
Net share-based compensation transactions 22 (25)
Repurchases of common stock (817)  
Dividends paid (578) (587)
Net cash provided by financing activities 7,891 71,953
Net increase in cash and cash equivalents 7,941 44,516
Cash and cash equivalents, beginning of period 50,279 30,152
Cash and cash equivalents, end of period 58,220 74,668
Supplemental disclosures:    
Interest 10,611 5,246
Income taxes 2,171 1,824
Non-cash transactions:    
Assets acquired in settlement of loans 846 740
Reissuance of treasury stock as compensation $ 158 $ 134