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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 2,542 $ 1,908 $ 6,465 $ 6,762  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     1,550 1,559  
Amortization of right of use lease asset     240 266  
Accretion related to acquisition, net     10 (5)  
Amortization of subordinated debt issuance costs     98 27  
Provision for loan losses 402 360 1,073 510 $ 794
Net amortization of securities     923 709  
Decrease in loans held for sale, net     2,513 8,673  
Income from bank owned life insurance (227) (195) (653) (625)  
Stock compensation expense     295 214  
Deferred tax (benefit)     0 (12)  
Increase in other assets     (287) (560)  
Increase in accrued expenses and other liabilities     1,557 94  
Net cash provided by operating activities     13,784 17,612  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchases of available-for-sale securities     (47,543) (55,698)  
(Purchase of) proceeds from redemption of restricted securities, net     (355) 333  
Proceeds from maturities and calls of available-for-sale securities     3,950 8,779  
Proceeds from sales of available-for-sale securities     3,950 4,330  
Paydowns on available-for-sale securities     13,195 13,957  
Net increase in loans held for investment     (112,521) (4,180)  
Purchases of bank-owned life insurance     (2,500) 0  
Purchases of premises and equipment (368) (370) (969) (1,130)  
Proceeds from sale of premises and equipment     0 31  
Net cash used in investing activities     (142,793) (33,578)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Increase in noninterest-bearing deposits     15,716 32,384  
Increase in savings deposits     5,789 71,664  
Decrease in time deposits     (16,296) (20,578)  
Decrease in federal funds purchased, repurchase agreements and other borrowings, net     (555) (3,473)  
Repayment of Federal Reserve Bank borrowings     (480) (27,652)  
Increase in long term borrowings     0 29,347  
Proceeds from ESPP issuance     99 79  
Repurchase of common stock     (6,655) 0  
Cash dividends paid on common stock     (1,988) (1,938)  
Net cash (used in) provided by financing activities     (4,370) 79,833  
Net (decrease) increase in cash and cash equivalents     (133,379) 63,867  
Cash and cash equivalents at beginning of period     187,922 120,437 120,437
Cash and cash equivalents at end of period $ 54,543 $ 184,304 54,543 184,304 $ 187,922
Cash payments for:          
Interest     2,609 2,442  
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS          
Unrealized (loss) gain on securities available-for-sale     (32,307) (1,892)  
Former bank property transferred from fixed assets to held for sale assets     345 902  
Right of use lease asset and liability     $ 327 $ 0