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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities          
Net income     $ 4,082 $ 5,886  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization and accretion of premiums and discounts on investments, net     130 94  
Net realized loss on sales and calls of securities     162    
Provision for (credit to) loan losses $ 346 $ (1,148) 567 (1,217)  
Loans originated for sale     (16,425) (41,644)  
Proceeds from sale of loans     18,835 41,736  
Net gain on sale of loans     (693) (1,677)  
Amortization of intangible assets 24 29 51 42 $ 96
Depreciation and amortization     775 716  
Gain from disposal of premises and equipment       (17)  
Deferred income tax (benefit) expense     (57) 59  
Increase in cash surrender value of insurance     (318) (254)  
Decrease (increase) in accrued interest receivable     68 (48)  
Expense of earned ESOP shares     111 109  
Share-based compensation expense     305 308  
Increase in other assets     (1,145) (4,923)  
Increase in accrued expenses and other liabilities     3,773 3,334  
Net cash provided by operating activities     10,221 2,504  
Cash Flows from Investing Activities          
Proceeds from sales and calls of securities     14,825 2,000  
Proceeds from maturities and principal repayments of securities     27,922 24,122  
Purchases of securities     (29,225) (126,637)  
Net (purchases) redemptions of FHLB Stock     (409) 1,276  
Net (increase) decrease in loans     (74,505) 14,095  
Purchases of bank owned life insurance       (10,000)  
Purchases of bank premises and equipment     (659) (917)  
Net proceeds from life insurance       341  
Net cash received from acquisition (Note 2)       32,767  
Proceeds from sale of other real estate owned       50  
Net cash used in investing activities     (62,051) (62,903)  
Cash Flows from Financing Activities          
Net increase in demand deposits, NOW, money market and savings accounts     34,367 86,982  
Net decrease in time deposits     (23,937) (23,018)  
Decrease in mortgagors' escrow accounts     3,466 3,315  
Net increase (decrease) in short-term debt     7,038 (14,200)  
Net decrease in long-term debt     (1,273) (14,235)  
Net cash provided by financing activities     19,661 38,844  
Net decrease in cash and due from banks     (32,169) (21,555)  
Cash and Due from Banks          
Beginning balance     72,091 93,485 93,485
Ending balance $ 39,922 $ 71,930 39,922 71,930 $ 72,091
Supplemental Disclosures of Cash Flow Information          
Interest     1,740 2,432  
Income taxes     $ 957 536  
Noncash Investing Activities          
Fair value of assets acquired       1,277  
Fair value of liabilities assumed       $ 34,044