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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 $ 10,071 $ 7,978
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,014 1,622
Net accretion of certain acquisition-related adjustments (3,381)  
Amortization of intangible assets 1,456 90
Net amortization and accretion of securities 1,542 724
Net gains on sales and calls of securities   (743)
Net gains on sales other assets (65)  
Bank owned life insurance income (708) (437)
Depreciation and other amortization 2,944 1,866
Deferred tax expense (benefit) 702 (214)
Stock option expense 145 124
Stock grant expense 376 140
Net change in:    
Accrued interest receivable and other assets (2,605) (946)
Accrued interest payable and other liabilities 1,574 (951)
Net cash provided by operating activities 13,065 9,253
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of Fauquier Bankshares 153,278  
Purchases of available for sale securities (74,427) (167,357)
Net increase in restricted investments (320) (1,327)
Proceeds from maturities, calls and principal payments of available for sale securities 31,720 39,740
Proceeds from sale of available for sale securities   69,494
Net decrease (increase) in loans 146,945 (70,249)
Proceeds from sale of loans 6,251  
Proceeds from sale of premises and equipment 34  
Cash payment for wealth management book of business   (50)
Purchase of bank premises and equipment, net (1,293) (199)
Net cash provided by (used in) investing activities 262,188 (129,948)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, NOW accounts, and money market accounts 254,564 119,729
Net decrease in certificates of deposit and other time deposits (6,712) (10,176)
Net (decrease) increase in other borrowings (42,582) 30,000
Proceeds from stock options exercised 30  
Cash dividends paid (6,408) (3,248)
Net cash provided by financing activities 198,892 136,305
NET INCREASE IN CASH AND CASH EQUIVALENTS 474,145 15,610
CASH AND CASH EQUIVALENTS:    
Beginning of period 34,695 19,085
End of period 508,840 34,695
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 3,269 3,487
Taxes 1,217 2,750
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES    
Unrealized (losses) gains on available for sale securities (4,566) 1,902
Unrealized (losses) gains on interest rate swaps (81)  
Initial right-of-use assets obtained in exchange for new operating lease liabilities   $ 711
Assets acquired in business combination 910,494  
Liabilities assumed in business combination 840,226  
Change in goodwill $ 7,768