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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 earnings $ 2,465 $ 1,800
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Credit loss expense 1,524 1,383
Depreciation and amortization 115 115
Deferred income taxes 734 613
Net accretion of fees, premiums and discounts 11 (252)
Stock-based compensation expense 490 96
Increase in accrued interest receivable (115) (26)
Amortization of right of use asset 134 217
Net decrease in operating lease liabilities (117) (211)
Decrease (increase) in other assets 315 (332)
(Decrease) increase in official checks and other liabilities (221) 1,050
Net cash provided by operating activities 5,335 4,453
Cash flows from investing activities:    
Principal repayments of debt securities available for sale 606 1,177
Principal repayments of debt securities held-to-maturity 98 398
Net increase in loans (43,098) (102,070)
Purchases of premises and equipment (343) (112)
Purchase of FHLB stock (117) (1,932)
Net cash used in investing activities (42,854) (102,539)
Cash flows from financing activities:    
Net increase in deposits 43,732 49,362
Net increase in FHLB Advances 50,000
Net change in repurchase agreements 5,000
Proceeds from sale of preferred stock 6,500
Proceeds from sale of common stock 324 5,523
Net cash provided by financing activities 44,056 116,385
Net increase in cash and cash equivalents 6,537 18,299
Cash and cash equivalents at beginning of the period 71,836 58,970
Cash and cash equivalents at end of the period 78,373 77,269
Cash paid during the period for:    
Interest 4,792 473
Income taxes 395
Noncash transactions:    
Change in accumulated other comprehensive loss, net change in unrealized loss on debt securities available for sale, net of income taxes 252 (4,399)
Amortization of unrealized loss on debt securities transferred to held-to-maturity 2 11
Reduction stockholders’ equity due to adoption of Topic 326, net (181)
Right-of use lease assets obtained in exchange for operating lease liabilities 315
Increase in other liabilities for stock-based compensation $ 96