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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,082 $ 7,010
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,741 2,097
Provision for loan losses 625 372
Loss (income) on bank owned life insurance 136 (32)
Gain on sale of securities available-for-sale (322)
Gain on sale of mortgage loans (29) (104)
Loss on sale or disposal of premises and equipment 201 1,098
Gain on sale of foreclosed real estate and repossessed assets (70) (126)
Loans originated for sale (1,577) (5,814)
Proceeds from sales of loans originated for sale 1,606 6,307
Adjustment of carrying value of foreclosed real estate and repossessed assets 197 466
Net amortization/accretion of bond premiums/discounts 474 482
Deferred tax expense 540 1,866
Net change in:    
Interest receivable (443) 280
Other assets 26 403
Accrued interest payable 254 (164)
Accrued expenses and other liabilities 2,068 (19)
Net Cash Provided by Operating Activities 13,831 13,800
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease (increase) in loans 9,209 (18,987)
Purchase of securities available-for-sale (19,790) (85,082)
Proceeds from sale of investment securities available-for-sale 7,686
Proceeds from repayments and maturities of securities available-for-sale 13,980 16,315
Net (purchase) sale of equity securities (restricted) (27) 555
Payments for the purchase of premises and equipment (548) (4,094)
Proceeds from sale of premises and equipment 1,203
Proceeds from insurance claims on other real estate owned or premises 51 54
Proceeds from sales of other real estate owned 207 2,645
Net Cash Provided by (Used in) Investing Activities 3,082 (79,705)
CASH FLOWS FROM FINANCING ACTIVIES    
Net change in short term borrowings (5,000)
Net change in noninterest bearing deposits (1,333) 27,532
Net change in interest bearing deposits (13,473) 11,969
Dividends paid (1,196)
Repurchase of common stock (171)
Net Cash (Used in) Provided by Financing Activities (16,173) 34,501
Net increase (decrease) in cash and cash equivalents 740 (31,404)
Cash and Cash Equivalents, Beginning of the Year 60,946 92,350
Cash and Cash Equivalents, End of the Year 61,686 60,946
Supplemental Disclosure of Cash Paid During the Year for:    
Interest 2,851 2,865
Taxes 650
Supplemental Disclosure of Non-Cash Transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities 86
Loan made to finance sale of premises and equipment 185
Other real estate acquired in settlement of foreclosed loans 566
Loans made to finance sale of foreclosed real estate 711 400
Transfer of premises and equipment to other real estate 950
Change in unrealized losses on securities available for sale $ (16,617) $ (1,969)