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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net cash provided by operating activities $ 1,310 $ 2,978
Investing Activities    
Proceeds from maturities, paydowns and calls of securities available-for-sale 2,600 15,803
Proceeds from maturities, paydowns and calls of securities held-to-maturity 4,973 0
Purchases of investment securities 0 (43,886)
Purchases of bank premises and equipment (179) (250)
Net change in FHLB stock 317 717
Proceeds from sale of other real estate owned 0 1,078
Net change in loans (18,464) 11,177
Net cash provided by (used in) investing activities 25,541 (39,149)
Financing Activities    
Net change in deposits (10,576) 37,688
Net change in securities sold under agreement to repurchase (29,042) (6,965)
Net change in short-term borrowings 1,725 0
Payment of dividends 1,346 1,343
Net cash (used in) provided by financing activities (39,239) 29,380
Net decrease in cash and cash equivalents (12,388) (6,791)
Cash and cash equivalents, beginning of period 28,594 79,236
Cash and cash equivalents, end of period $ 16,206 $ 72,445