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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 6,456 $ 6,208
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,155 1,180
Provision for credit losses 152 753
Deferred income tax expense (benefit) 636 (566)
Proceeds from settlement of derivative contracts   2,166
Reclassification of unrealized gains on terminated derivative contracts (814) (848)
Stock-based compensation expense 468 448
Net (accretion) amortization of securities (165) 40
Amortization of intangible assets 104 159
Net loss on premises and equipment and other real estate 111 613
Changes in assets and liabilities:    
Increase in cash surrender value of bank owned life insurance (264) (223)
Decrease (increase) in accrued interest receivable 308 (511)
(Increase) decrease in other assets (897) 556
Increase in accrued interest expense   1,257
Decrease in other liabilities (1,938) (225)
Net cash provided by operating activities 5,312 11,007
Cash flows from investing activities:    
Net (increase) decrease in federal funds sold and securities purchased under reverse repurchase agreements (6,049) 625
Purchases of investment securities, available-for-sale (27,524) (6,756)
Proceeds from maturities and prepayments of investment securities, available-for-sale 23,576 9,267
Proceeds from maturities and prepayments of investment securities, held-to-maturity 335 587
Net decrease (increase) in Federal Home Loan Bank stock 420 (792)
Net decrease (increase) in loans and leases held for investment 18,112 (43,533)
Proceeds from the sale of premises and equipment,other real estate and repossessions 698 482
Purchases of premises and equipment (1,830) (979)
Net cash provided by (used in) investing activities 7,738 (41,099)
Cash flows from financing activities:    
Net increase in deposits 30,958 57,013
Net (decrease) increase in short-term borrowings (10,000) 9,962
Net share-based compensation transactions 22 (25)
Repurchases of common stock (1,136)  
Dividends paid (864) (881)
Net cash provided by financing activities 18,980 66,069
Net increase in cash and cash equivalents 32,030 35,977
Cash and cash equivalents, beginning of period 50,279 30,152
Cash and cash equivalents, end of period 82,309 66,129
Supplemental disclosures:    
Interest 16,439 9,364
Income taxes 2,550 2,374
Non-cash transactions:    
Assets acquired in settlement of loans 333 1,178
Reissuance of treasury stock as compensation $ 158 $ 134