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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 $ 4,531 $ 4,886  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 2 134 $ 706
Depreciation of bank premises and equipment 163 154  
Amortization of premiums and accretion of discounts, net 253 359  
Gain on sales of securities available for sale, net (12) 0  
Gains on sales of repossessed assets 5 0  
Increase in cash value of bank-owned life insurance (239) (238)  
Origination of mortgage loans held for sale (1,239) (2,333)  
Proceeds from sale of mortgage loans held for sale 1,255 3,009  
Gain on sale of mortgage loans held for sale (16) (61)  
Net change in:      
Accrued interest receivable (6) (329)  
Other assets 200 479  
Accrued interest payable 208 3  
Other liabilities (772) 622  
Net cash provided by operating activities 4,333 6,685  
Cash Flows from Investing Activities      
Proceeds from calls, principal payments, sales and maturities of securities available for sale 20,411 13,890  
Purchase of securities available for sale 0 (70,341)  
Net change in restricted stock 12 (96)  
Purchase of loan participations (2,280) (4,687)  
Collection of loan participations 3,126 92  
Loan originations and principal collections, net (5,166) (11,545)  
Proceeds from sale of repossessed assets 9 0  
Recoveries on loans charged off 173 40  
Proceeds from sale and purchases of premises and equipment, net (223) (196)  
Net cash provided by (used in) investing activities 16,062 (72,843)  
Cash Flows from Financing Activities      
Net change in time deposits 57,942 (2,119)  
Net change in other deposits (89,215) 51,285  
Common stock repurchased 0 (1,522)  
Cash dividends paid (5,890) 0  
Net cash (used in) provided by financing activities (37,163) 47,644  
Net change in cash and due from banks (16,768) (18,514)  
Cash and due from banks at beginning of period 71,429 138,789 138,789
Cash and due from banks at end of period 54,661 120,275 $ 71,429
Supplemental Disclosures of Cash Flow Information      
Interest paid on deposits 2,890 652  
Income taxes paid 1,015 0  
Supplemental Disclosure of Noncash Activities      
Loans charged against the allowance for credit losses 92 60  
Loans transferred to repossessed assets 7 0  
Unrealized holding gain (loss) on securities available for sale 14,847 (42,818)  
Lease liabilities arising from obtaining right-of-use assets $ 0 $ 25