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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities          
Net income     $ 6,189 $ 8,571  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization and accretion of premiums and discounts on investments, net     181 216  
Net realized loss on sales and calls of securities     170    
Net realized gain on sale of other real estate owned       (2)  
Provision for (credit to) loan losses $ 545 $ (954) 1,112 (2,171)  
Loans originated for sale     (19,399) (56,534)  
Proceeds from sale of loans     24,097 58,518  
Net gain on sale of loans     (840) (2,179)  
Amortization of intangible assets 24 27 75 69 $ 96
Depreciation and amortization     1,167 1,111  
Gain from disposal of premises and equipment       (17)  
Deferred income tax (benefit) expense     (27) 543  
Increase in cash surrender value of insurance     (481) (412)  
Decrease in accrued interest receivable     722 76  
Expense of earned ESOP shares     163 168  
Share-based compensation expense     460 464  
Increase in other assets     (3,122) (5,426)  
Increase in accrued expenses and other liabilities     5,507 2,818  
Net cash provided by operating activities     15,974 5,813  
Cash Flows from Investing Activities          
Proceeds from sales and calls of securities     14,825 2,000  
Proceeds from maturities and principal repayments of securities     34,276 40,238  
Purchases of securities     (30,225) (181,924)  
Net (purchases) redemptions of FHLB Stock     (1,028) 1,370  
Net (increase) decrease in loans     (101,285) 42,337  
Purchases of bank owned life insurance     (23) (10,023)  
Purchases of bank premises and equipment     (842) (1,305)  
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     (84,302) (74,149)  
Cash Flows from Financing Activities          
Net increase in demand deposits, NOW, money market and savings accounts     44,538 156,442  
Net decrease in time deposits     (36,345) (32,281)  
Decrease in mortgagors' escrow accounts     (3,235) (4,230)  
Net increase (decrease) in short-term debt     20,773 (15,030)  
Net decrease in long-term debt     (1,273) (15,499)  
Stock repurchase for tax withholding on restricted stock vesting     (111)    
Proceeds from exercise of stock options       36  
Net cash provided by financing activities     24,347 89,438  
Net (decrease) increase in cash and due from banks     (43,981) 21,102  
Cash and Due from Banks          
Beginning balance     72,091 93,485 93,485
Ending balance $ 28,110 $ 114,587 28,110 114,587 $ 72,091
Supplemental Disclosures of Cash Flow Information          
Interest     3,140 3,464  
Income taxes     $ 1,542 (40)  
Noncash Investing Activities          
Fair value of assets acquired       1,277  
Fair value of liabilities assumed       $ 34,044