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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net income $ 9,157 $ 8,999  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) credit losses 329 (758) $ 1,597
Depreciation 534 547  
Net accretion of acquisition accounting adjustments (685) (556)  
Core deposit intangible amortization 283 330  
Net amortization of securities 198 500  
Net loss on sale or call of securities available for sale 68 0  
Gain on sale of loans held for sale (144) (673)  
Proceeds from sales of loans held for sale 14,099 26,414  
Originations of loans held for sale (13,544) (19,784)  
Net loss (gain) on sale or disposal of premises and equipment 105 (4)  
Equity based compensation expense 437 382  
Net change in bank owned life insurance (161) (52)  
Deferred income tax (benefit) expense (992) 641  
Net change in other assets 2,544 (1,086)  
Net change in other liabilities (2,285) (34)  
Net cash provided by operating activities 9,943 14,866  
Cash Flows from Investing Activities:      
Proceeds from sales of securities available for sale 13,180 0  
Proceeds from maturities, calls and paydowns of securities available for sale 16,794 42,594  
Purchases of securities available for sale 0 (67,664)  
Net change in restricted stock 3,332 (428)  
Net increase in loans (12,430) (40,794)  
Net change in collateral with other financial institutions 0 1,200  
Proceeds from sale of premises and equipment 0 4  
Purchases of premises and equipment (74) (366)  
Net cash provided by (used in) investing activities 20,802 (65,454)  
Cash Flows from Financing Activities:      
Net change in noninterest-bearing deposits (48,355) 15,697  
Net change in interest-bearing deposits 64,246 20,081  
Net change in customer repurchase agreements 62,850 (2,601)  
Repayment of other short-term borrowings (75,531) 0  
Common stock dividends paid (3,191) (3,006)  
Repurchase of common stock (674) (3,395)  
Proceeds from exercise of stock options 0 12  
Net cash (used in) provided by financing activities (655) 26,788  
Net Increase (Decrease) in Cash and Cash Equivalents 30,090 (23,800)  
Cash and Cash Equivalents at Beginning of Period 73,340 510,868 510,868
Cash and Cash Equivalents at End of Period $ 103,430 $ 487,068 $ 73,340