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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,010 $ 2,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,097 2,189
Provision for loan losses 372 2,300
Gain on sale of mortgage loans (104) (174)
Loss on sale or disposal of premises and equipment 1,098 19
Gain on sale of foreclosed real estate and repossessed assets (126) (58)
Loans originated for sale (5,814) (11,948)
Proceeds from sales of loans originated for sale 6,307 11,735
Adjustment of carrying value of foreclosed real estate and repossessed assets 466 165
Net amortization/accretion of bond premiums/discounts 482 419
Deferred tax expense 1,866 1,103
Net change in:    
Interest receivable 280 (277)
Other assets 403 77
Accrued interest payable (164) (258)
Accrued expenses and other liabilities (19) 473
Net Cash Provided by Operating Activities 13,800 8,574
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of securities available-for-sale (85,082) (9,584)
Proceeds from sale of investment securities available-for-sale 7,686 1,025
Proceeds from repayments and maturities of securities available-for-sale 16,315 11,254
Payments for the purchase of premises and equipment (4,094) (2,141)
Proceeds from sale of premises and equipment 1,203 1
Proceeds from insurance claims on other real estate owned 54
Proceeds from sales of other real estate owned 2,645 760
Net Cash Used in Investing Activities (79,705) (12,906)
CASH FLOWS FROM FINANCING ACTIVIES    
Net change in noninterest bearing deposits 27,532 52,943
Net Cash Provided by Financing Activities 34,501 46,535
Net (decrease) increase in cash and cash equivalents (31,404) 42,203
Cash and Cash Equivalents, Beginning of the Year 92,350 50,147
Cash and Cash Equivalents, End of the Year 60,946 92,350
Supplemental Disclosure of Cash Paid During the Year for:    
Interest 2,865 5,151
Taxes (166)
Supplemental Disclosure of Non-Cash Transactions:    
Other real estate acquired in settlement of foreclosed loans $ 566 $ 1,128