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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 1,361 $ 950
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 387 445
Provision for loan and lease losses 721 401
Deferred income tax provision 269 29
Stock-based compensation expense 115 103
Net amortization of securities 88 72
Amortization of intangible assets 73 91
Net (gain) loss on premises and equipment and other real estate (131) 39
Changes in assets and liabilities:    
Decrease in accrued interest receivable 106 214
Increase in other assets (494) (321)
Increase (decrease) in accrued interest expense 81 (50)
Decrease in other liabilities (1,730) (86)
Net cash provided by operating activities 846 1,887
Cash flows from investing activities:    
Net decrease in federal funds sold 1 1
Purchases of investment securities, available-for-sale (14,291) (3,512)
Proceeds from maturities and prepayments of investment securities, available-for-sale 5,369 18,199
Proceeds from maturities and prepayments of investment securities, held-to-maturity 714 738
Net (increase) decrease in Federal Home Loan Bank stock (64) 265
Proceeds from the sale of premises and equipment and other real estate 1,550 279
Net decrease (increase) in loans 28,706 (21,921)
Purchases of premises and equipment (118) (122)
Net cash provided by (used in) investing activities 21,867 (6,073)
Cash flows from financing activities:    
Net increase in deposits 14,991 35,831
Net increase in borrowings 34  
Net share-based compensation transactions   (7)
Treasury stock repurchases (958)  
Dividends paid (185) (186)
Net cash provided by financing activities 13,882 35,638
Net increase in cash and cash equivalents 36,595 31,452
Cash and cash equivalents, beginning of period 61,244 94,415
Cash and cash equivalents, end of period 97,839 125,867
Supplemental disclosures:    
Interest 591 830
Income taxes 1,071  
Non-cash transactions:    
Assets acquired in settlement of loans $ 51 $ 400