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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 15,368 $ 15,730
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net accretion of acquisition accounting estimates (440) (330)
Provision for credit losses (358) 3,900
Depreciation and amortization 3,086 2,476
Net amortization of securities 1,579 513
Amortization of debt issuance costs 123 40
(Gain) on mortgage banking activities (918)  
Proceeds from sale of mortgage loans held for sale 15,562  
Originations of loans held for sale (42,199)  
Stock-based compensation expense 378 263
Deferred income tax expense (benefit) 278 (2,185)
(Gains) on sales and calls of securities (2) (347)
Losses on valuation adjustments on mortgage servicing rights 59  
Losses on sales and disposals of premises and equipment 4 41
Losses on sales and valuation adjustments on other real estate owned 2 56
Fair value adjustment on equity securities 40 (28)
Bank owned life insurance income (1,090) (917)
Net changes in:    
Accrued interest receivable 2,145 (3,161)
Other assets (3,045) (255)
Accrued interest payable (5) 317
Other liabilities 1,930 2,317
Net cash (used in) provided by operating activities (7,503) 18,430
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 40,656 45,329
Proceeds from sales and calls of investment securities available for sale   13,019
Purchases of investment securities available for sale   (73,450)
Proceeds from maturities and principal payments of investment securities held to maturity 40,274 244
Purchases of securities held to maturity (255,514) (57,186)
Purchases of equity securities (17) (25)
Net change in loans (79,771) (205,901)
Purchases of premises and equipment (3,450) (2,375)
Proceeds from sales of premises and equipment   2
Proceeds from sales of other real estate owned   18
Net redemption of restricted securities 437 564
Purchases of bank owned life insurance (10,203) (319)
Cash acquired in the acquisition of Severn, net of cash paid 305,781  
Net cash (used in) investing activities 38,193 (280,080)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits 35,821 152,473
Interest-bearing deposits 334,512 207,008
Short-term borrowings 3,093 (176)
Long-term borrowings   (15,000)
Proceeds from the issuance of subordinated debt, net of issuance costs   24,389
Common stock dividends paid (6,607) (5,950)
Retirement of common stock (819) (9,112)
Repurchase of shares for tax withholding on exercised options and vested restricted stock   (39)
Stock options exercised, net of shares surrendered 6 3
Net cash provided by financing activities 366,006 353,596
Net increase in cash and cash equivalents 396,696 91,946
Cash and cash equivalents at beginning of period 186,917 94,971
Cash and cash equivalents at end of period 583,613 186,917
Supplemental cash flows information:    
Interest paid 6,007 6,833
Income taxes paid 6,253 7,935
Lease liabilities arising from right-of-use assets 1,383 605
Unrealized (loss) gain on securities available for sale (2,027) 1,804
Transfers from loans to other real estate owned $ 205  
Amortization of unrealized loss on securities transferred from available for sale to held to maturity   $ 15