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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net (loss) income $ (207,000) $ 3,130,000
Adjustments to reconcile net income to net cash provided by operating activities:    
(Credit to) provision for credit losses (200,000) 675,000
Depreciation 516,000 384,000
Amortization of intangible assets 120,000 132,000
Accretion of discounts, net (321,000) (683,000)
Origination of loans to be sold (3,745,000) (3,659,000)
Proceeds from loan sales 4,041,000 3,992,000
Gain on sale of loans (296,000) (333,000)
Share-based and deferred compensation 422,000 349,000
Bank-owned life insurance income (310,000) (225,000)
Loss (Gain) on sale of debt securities, available for sale 2,370,000 (13,000)
Change in accrued interest receivable and other assets (217,000) (2,356,000)
Change in accrued interest payable and other liabilities (1,833,000) (590,000)
Net cash provided by operating activities 340,000 803,000
Investment securities available for sale:    
Proceeds from sales 1,847,000 513,000
Proceeds from calls and maturities   1,150,000
Proceeds from principal repayments 3,759,000 7,271,000
Purchases (9,756,000)  
Investment securities held to maturity    
Proceeds from principal repayments 1,337,000 628,000
Purchases (11,289,000) (29,389,000)
Proceeds from redemptions of certificates of deposit with other banks 5,125,000 1,740,000
Purchase of restricted investment in bank stocks (5,853,000) (999,000)
Redemption of restricted investment in bank stocks 3,686,000 1,117,000
Increase in loans, net (40,544,000) (70,596,000)
Purchase of bank-owned life insurance (5,000,000)  
Purchase of premises and equipment (65,000) (3,010,000)
Net cash used in investing activities (56,753,000) (91,575,000)
FINANCING ACTIVITIES    
Increase in deposits, net 88,070,000 130,708,000
Change in short-term borrowings, net (21,039,000) (18,175,000)
Proceeds from issuance of subordinated debt   20,000,000
Proceeds from other borrowings 75,000,000  
Issuance of shares from exercise of stock options   120,000
Dividends paid (2,435,000) (1,475,000)
Net proceeds from issuance of common stock 9,980,000  
Net cash provided by financing activities 149,576,000 131,178,000
Increase in cash and cash equivalents 93,163,000 40,406,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 30,011,000 22,590,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 123,174,000 62,996,000
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Interest $ 11,296,000 1,926,000
Income taxes   $ 200,000